• 18 startups from Mumbai, Delhi, and Bengaluru have been selected for the Oracle accelerator programme
• Selected startups are actively using technologies such as AI, ML, chatbots, among others
• Oracle's enterprise-grade cloud platform allows startups to be able to scale rapidly, securely and cost-effectively.
California-based Oracle, a global integrated cloud applications and platform services provider, has announced its fourth batch of startups for its Startup Cloud Accelerator Programme in India.
The accelerator will provide the select startups with access to world-class mentoring, coworking space, engagement opportunities with Oracle’s more than 430K global customers, connections to investors, and much more.
Harshad Oak, senior director of Oracle Global Startup Ecosystem, said, “Oracle’s startup engagement goes well beyond business and technology. We make every effort to understand the startups, partner with them and also learn from them.”
The Startup Cloud Accelerator Programme was started by Reggie Bradford in April 2016. The announced batch is the fourth consecutive batch in Bengaluru and the second consecutive batch in Delhi and Mumbai.
The select startups hail from sectors such as travel, hospitality, micro-finance, marketing, supply chain management, cyber-security, and are actively using technologies such as artificial intelligence (AI), machine learning (ML), chatbots, big data, predictive analysis, automation, etc.
Meet The 18 Startups From Oracle’s 4th Startup Batch
Confirmtkt – Founded in 2014 by Sripad Vaidya and Dinesh Kumar Kotha, Confirmtkt is a travQel ticket search engine for providing seamless ticket discovery and booking experience. The travel search is backed by unique and efficient algorithm.
ITILITE– Founded in 2017 by Mayank Kukreja, ITILITE aims to use technology to bring convenience, efficiency, and innovation to corporate travel.
LendFoundry- Founded in 2015 by Anubha Phophaliya and Sandeep Phophaliya, LendFoundry provides an end to end SaaS lending platform for digital lenders. Due to its integrations with major Fintech data providers and platforms, it can help digitise a lender’s entire loan lifecycle to deliver faster loans and also add new customer segments.
INCREFF- Founded in 2016 by Romil Jain and Rajul Jain, INCREFF is a business partner to fashion and lifestyle brands and retailers to deliver significant and sustainable increase in sales and inventory efficiency. The startup had raised $2 Mn in a funding round led by Sequoia Capital in 2017 to expand customer base and product portfolio.
XOXODAY- Founded in 2012 by Sumit Khandelwal, Manoj Agarwal, Abhishek Kumar, and Kushal Agarwal, XOXODAY is an experiential employee engagement, rewards, and loyalty platform for enterprises, improving employee morale and productivity.
Squadcast- Founded in 2017 by Amiya Adwitiya, Squadcast is an incident management platform focused on helping tech teams accelerate innovation and iterate faster.
Threatcop (Kratikal)– Founded in 2012 by Pavan Kushwaha, Threatcop is an end-to-end cyber security solution provider. It is involved in design, implementation of information security management system since the time, standards were adopted by industry. Further, it approaches IT security, cyber crime and penetration testing use cases from enterprise risk management perspective.
Mobisy– Founded in 2008 by Lalit Bhise and Shree Bhise, Mobisy is a real-time analytics platform for brands to improve sales automation and distribution. The company raised a second round of venture capital funding of $3.5 Mn to strengthen its R&D and power expansion plans.
VdoCipher– Founded in 2014 by Sidhant Jain and Vibhav Sinha, VdoCipher is a secure video streaming solution for business looking to monetize videos. Its mission is to contribute to the video playback technology in making the internet a more content-rich place.
HeyMojo– Founded in 2016 by Avinash Dutt, Jagdish Repaswal, Pallav Kumar, Rahul Chandra, HeyMojo is an AI-enabled marketing automation platform driving zero commission bookings and orders for the hospitality industry.
Notify Visitors- Co-founded by Sidharth Gupta and Aman Gupta, Notify Visitors is an AI and ML powered personalised customer engagement and messaging platform that automates notifications on web and mobile apps based on visitors behaviour.
Advantage Club– Founded in 2014 by Smiti Bhatt Deorah and Sourabh Deorah, Advantage Club is a data-driven employee engagement platform providing corporate discounts and facilitating rewards and recognition.
SustLabs- Founded in 2016 by Kaushik Bose, SustLabs is a big data and analytics company that reads and decodes real-time electricity consumption in your home, across appliances, by monitoring smart meter readings.
CredAble– Founded in 2017 by Nirav Choksi, CredAble is a supply chain financing platform combining financing, analytics to enable financial institutions, and corporate treasuries to buy and structure third party receivables dynamically. The startup had raised $14.8 Mn in a Series A funding round from Alpha Capital to expand its loan book and accelerate growth plans.
I3 Systems- Co-founded by Mallesh Bommanahal, Varzavand Batliwala, and Ravi Chandibhamar, I3 Systems is an automation platform powered by machine learning algorithms for insurance companies. The platform has raised $1 Mn funding from Unitus Venture and other investors to partner with India’s Top 20 life insurance companies.
Eduvanz Finance– Founded in 2016 by Varun Chopra and Raheel Shah, Eduvanz is a new technology NBFC focusing on skill building and education. Recently, the startup had raised $500 K in round of funding led by Blinc Advisors to strengthen its AI-based lending technology.
Jubi AI-Founded by Subhadeep Bhattacharya,Jubi AI is a conversational chatbots company, enabling deep deployments across channels for customers, helping them personalise customer experience and automate online sales.
RupeeCircle– Founded in 2018 by Kumar, Abhishek Gandhi, Ashish Mehta and Piyush Saurabh, RupeeCircle is a peer-to-peer lending platform connecting creditworthy borrowers with investors looking for high returns on their investments.
The Oracle program has helped accelerate 25 startups in India since inception. The duration of each course will be of six months and each batch will accelerate a total of five startups.
Various accelerator programmes are helping Indian startups with similar opportunities. For instance, GSF Fintech Accelerator 2018 is focussed on fintech startups, Microsoft Scaleup Accelerator Programme on late B2B startups. Similarly, there are Shell E4 Accelerator Programme and Scalerator Programme, among others.
Recently, Gurugram-based India Accelerator raised an undisclosed amount of funding in a round led by InvestMind Solutions and HotStar Ventures. The accelerator plans to use the raised funds to diversify its offerings, enable global reach, and engage more with growth-stage startups.
“In the last one year, 50 accelerators have been opened in India, a 35% increase as compared to 2016. This took the total number of accelerators in the country to over 190.”
[The development was reported by ET]