The venture capital firm claimed that over the past six editions, it has partnered with 14 companies
The selected 19 startups come from consumer tech, software, health tech, deeptech and fintech
It focuses on early-stage startups and has close to 95 ventures in its portfolio, including the likes of Nestaway, Myntra and Bounce
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Bengaluru-headquartered venture capital firm Chiratae Ventures has revealed the names of 19 startups to incubate in its seventh edition of Innovators Programme which aims to support seed and early-stage high-impact startups.
The company claimed that over the past six editions of the program, it has partnered with 14 companies and since inception, it has invested over $125 Mn in 50 seed investments.
The 5-week program is focused on key aspects in the growth of startups including market analysis, team building and culture, technology, product, market entry and expansion and fundraising, the company said in a release.
The selected 19 startups come from a wide range of industries, including consumer tech, software, health tech, deeptech, and fintech. They are – AyuRythm, Inspektlabs, Quollab, Euphotic Labs Pvt Ltd (Nosh), Chainflux, VogueMe Technologies Pvt Ltd (Toch.ai), Code Test Pvt Ltd (CodeTest), PhySarum, Vyorius Drones LLP (Vyorius), Zealth, Heyy.life, Ai Health Highway India Pvt Ltd (AiSteth), Rightbot Private Limited, Retail Pulse, Mowito, Whrrl, Escrowpay, Insurance Samadhan and Ark Neo Finance.
Founders: Ramanath Padmanabhan, Abhilesh Gupta and Sandeep Acharya
Founded in: 2019
Sector: Consumer tech
AyuRythm is a digital personalised wellness solution based on the principles of Ayurveda. The Bengaluru startup is using technology to make Ayurveda easily accessible and personalised to people.
Founders: Devesh Trivedi
Founded in: 2018
Sector: Consumer tech
Inspektlabs is an Inspection-as-a-Service software company that automates inspections of physical items with photos and videos.
Founders: Arun Subramanian & Shrikant Shelke
Founded in: 2020
Sector: Consumer tech
Quollab helps in upskilling college students where they can collaborate with industry professionals and learn-by-doing.
Founders: Yatin Varachhia
Founded in: 2018
Sector:Foodtech
Euphotic Labs is an early-stage startup that is backed by SINE IITB, IISc and IKP EDEN. It has developed an autonomous cooking robot, Nosh which selects the dish, load the ingredients and command it to cook.
Founders: Abhinav Ramesh
Founded in: 2018
Sector: Fintech
Chainflux is an end-to-end blockchain project development company that helps build efficient, agile, and trust-based businesses.
VogueMe Technologies Pvt Ltd (Toch.ai)
Founders: Vinayak Shrivastav, Alok Patil, and Saket Dandotia
Founded in: 2016
Sector:Deeptech
TOCH is an AI platform that can auto-detect people, objects, scenes, emotions and activities across any video content and tag it with relevant information.
Founders: Uday Kumar
Founded in: 2020
Sector:Edtech
CodeTest evaluates candidates’ skills with online technical tests across Software Engineering and DevOps.
Founders-Gaurav Aithmia
Founded In: 2020
Sector:Enterprise tech
PhySarum is a no-code platform for creation, collaboration, deployment & complete lifecycle management of AI application
Founders: Pankaj Kumar, Nishant Singh Rana and Amit Kumar Singh
Founded in:2018
Sector: Healthtech
Vyorius is an aerial last-mile delivery service for healthcare facilities to penetrate into remote inaccessible areas in order to provide time-bound medical emergency response.
Founders: Monika Mehta, Dheeraj Mundhra
Founded in: 2020
Sector: Healthtech
Zealth is powered by artificial intelligence that provides a one-stop solution for real-time remote monitoring of COVID-19 patients, including vitals and patient-reported symptoms.
Founders:Ankit Malhotra
Founded in: 2020
Sector:Healthtech
Heyy.life is a peer to peer platform that helps people to connect with others like them, who have been through the same journey and seek support.
Ai Health Highway India Pvt Ltd (AiSteth)
Founders: Satish Jeevannavar and Radhakrishna Jamadagni
Founded in:2018
Sector: Medtech
AiSteth is a smart stethoscope to screen, detect, and predict Cardio-Respiratory Disorders using Ai/ML.
Founders: Abhinav Warrier and Anurag Dutta
Founded in:2020
Sector: Enterprise Tech
Rightbot builds plug & play, swarm robotics systems for warehouse fulfilment in emerging economies. Rightbot’s high throughput solution generates an attractive customer ROI even in low wage geographies like India.
Founders: Anshul Gupta
Founded in: 2020
Sector:Deeptech
Retail Pulse connects consumer goods companies to millions of stores through AI-powered computer vision.
Founders: Adityanag Nagesh & Puru Rastogi
Founded in: 2019
Sector: Deeptech
Mowito provides software tools for mobile robots, to enable them to navigate intelligently in indoor facilities.
Founders: Ashish Anand, Falguni Pandit & Abhishek Bhattacharya
Founded in: 2019
Sector: Fintech
Whrrl is a fintech startup with a dual objective of increasing farmers’ income and reducing banking frauds in the Warehouse Receipt Finance segment.
Founders: Ashwin Chawwla & Subhrangshu Neogi
Founded in: 2015
Sector: Fintech
India’s First Digital Escrow payments platform. As a next gen, agile platform we leverage smart technology riding on the backbone of banks to solve genuine problems of trust deficit, fear and anxiety in transactions for 65M SMBs and ‘digital first’ emerging companies in India.
Founders: Deepak Bhuvneshwari Uniyal, Shailesh Kumar and Sanjay H Aggarwal
Founded in: 2018
Sector: Fintech
Insurance Samadhan is an online platform that deals with resolving insurance-related complaints. It is a developer of a grievance redressal platform designed for all insurance policyholders to file a complaint.
Founders: Balachandran Bhamathi Daita and Chandrasekar Chockanath Ramakrishnan
Founded in: 2020
Sector: Fintech
Ark Neo Finance is involved in monetary Intermediation which includes the obtaining of funds in the form of deposits.
Chiratae Ventures, formerly known as IDG Ventures, was founded in 2006 by Sudhir Sethi, TCM Sundaram and Manik Arora. It focuses on early-stage startups and has close to 95 ventures in its portfolio, including the likes of Nestaway, Myntra and Bounce.
Commenting on the announcement, Sudhir Sethi, founder and chairman, said “Our Innovators Program is rooted in our commitment towards strengthening our homegrown startup ecosystem. We are happy to have received a large number of applications this year. It is truly inspiring to witness the grit and determination of founders who are working towards scaling innovative solutions that aim to shift paradigms and create real value.”
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