Bengaluru-based accelerator The CoWrks Foundry has announced the conclusion of its third cohort with eight startups.
Out of over 450 startup applications, the accelerator programme shortlisted 15 for review by the investment committee. After the conclusion of the review process, 8 startups were finalised to be a part of the accelerator programme, the accelerator announced on Tuesday (September 24).
The Cohort 3.0 consists of tech and enterprise businesses which offer disruptive business solutions which are futuristic and potential growth drivers. The CoWrks Foundry offers accelerator services to early-stage businesses in the fields of urban tech, enterprise tech and social enterprise.
The accelerator said that during the 24-week stint, the cohort achieved a combined 20x growth in business. Over the course of the programme, the eight startups raised a seed capital of up to $50K and were provided with a diverse range of resources including industry experts providing targeted world-class mentorship to each startup.
Nruthya Madappa, managing partner, The CoWrks Foundry said, “We are proud to introduce Cohort 3.0. Since the inception of The CoWrks Foundry in 2017, we have mentored and worked with 24 start-ups. Cohort 3.0 brings together eight passionate and innovative startups which could potentially be the growth drivers for the Indian Economy.”
CoWrks Foundry’s Selected Startups
And here are the eight startups selected by CoWrks Foundry for its third cohort.
- Instoried: Bengaluru-based deeptech startup Instoried is an AI-driven deep tech content startup. Founded in 2018 by Sharmin Ali and Sutanshu Raj, Instoried provides end-to-end solutions to content marketers, helping them target particular emotions based on the identification of the brand’s emotional quotient. Instoried received seed funding from Venture Catalysts.
- Botspace: Founded in 2017 by Bilal Chaglani and Mayur More, BotSpace helps businesses build chatbots in 5 minutes without training, coding or bot deployment knowledge. BotSpace works with both big and small businesses.
- Happy Locate: Ajay Tiwari founded Happy Locate in 2017. HappyLocate offers Relosys, an AI-based relocation management tool that can help corporates manage employee relocations by just uploading basic details of their relocating employees.
- Yogya: Founded in 2019 by Agam and Sugam Malviya, Yogya is a talent capability enhancer which acts as an assistant to leaders to identify the skill gaps in their organisations and empower them to close gaps faster powered by AI. For employees, Yogya is a real-time performance support system that claims to make them more productive and future-ready.
- Lockn: Lockn transforms the way people access and interact with their environment. Lockn builds a world where every object around us can securely recognise our physical presence with our permission to provide us with a frictionless experience, personalized to our individual needs and preferences.
- Huviair: Founded in 2016 by Arjun P Janananda and Vikshut Mundkur, Huviair is an enterprise drone technology Startup. Using geo-information systems and deep learning techniques, the Huviair Software analyses on-site drone data to accurately monitor and measure the progress and deviations of projects in the real estate, infrastructure and mining sectors.
- Bhorzvan Motors: Nishant Kalbhor founded Bhorzvan Motors in 2017. It is a power-train designer and Manufacturer for Electric Vehicles right from Scooters up to Trucks. It has developed powerful yet efficient motors and controls for EVs combined with an active liquid-cooled battery pack.
- Refresh: Refresh recycles and up-cycles old and unusable textile waste into handmade rugs, and furnishings by training and skilling women communities across India. Refresh uses waste fabric to make home furnishing through up-cycling and recycling methods.