DLabs at the Indian School of Business (ISB) and DS Ventures in association with the Consulate of India at New York has announced the India Demo Day (IDD) to showcase the entrepreneurial talent in New York City.
India Demo Day (IDD) is designed as a platform for Indian startups to demonstrate disruptive ideas and garner investors’ interest overseas. The event which is to be held on June 5, 2015 at New York City will showcase the talent and potential of Indian startups from healthcare, education, big data and the IoT domains of industry.
Here is the list of 9 startups selected by India Demo day across the country for this event.
ADOM: An Internet of Things company, ADOM is building the next generation of intelligent transportation and distribution. Their smart sensors embed intelligence in cars and create massive efficiency gains.
AppVirality: Creates a software kit that makes it easy for developers to add virality to their apps. They are invested in by people like Rajan Anandan (Google India MD) and have more than 40 blue chip clients in the five months since their launch.
Azoi: Makes intelligent health trackers which can work with any smartphone. The tracker measures temperature, BP, pulse, SpO2, and ECG amongst other things. The startups already includes funding from Pallav Nadhani, Abhishek Rungta and Aloke Bajpai.
Harness: The edtech startup aims to build products that enhance teaching experiences and learning outcomes across geographies, age-groups and segments. It presently caters to over 10,000 learners and teachers in over six countries.
Just Move: The startup brings together causes with fitness activity. It aims to improve the physical health of urban Indians and strike a blow against the onslaught of Diabetes and CVD.
Kryptos Mobile: The startup provides Kryptos AppMaker a cloud-based self-service mobile app development platform which is used by schools, colleges, commercial entities and end user to create their mobile apps without writing software code. They service over 130 universities across 3 continents.
Oakter: The startup is building smart home automation devices aiming to be the NEST (smart thermostat bought by Google for $2 Bn) for India.
Sparsh Nephrocare: is India’s Largest Network of Dialysis Centers. The startup aims at building the largest chain of renal care centers in South East Asia.
Imaginate Software Labs: is an augmented reality (AR) and virtual reality (VR) based technology enterprise. The startup offers solutions in the fields of retail, defense,entertainment and healthcare sectors.
The Indian Consulate at New York, who is hosting the event for India Demo Day, will see these startups make a 10 minute pitch to venture capitalists, industry leaders, and angel investors in the city. The event will be inaugurated by Arun Kumar Singh, India’s ambassador to the United States.
Shwetank Verma, Founder of DS Ventures, who is a serial entrepreneur and a former private equity professional said, “India Demo Day is an attempt to solve two pain points felt by every entrepreneur – capital and growth. The platform is sure to give access to a set of investors which otherwise would not have been possible.”
Shwetank along with Dheeraj Batra, CEO of DLabs at ISB and other partners, developed the India Demo Day concept to bridge the gap in startup landscape in India. Moving further, India Demo Day is planned to conduct series of events showcasing more than 100 ventures over a period of one year.
Overall this is a good attempt to provide startups with international exposure, though as the trip is not sponsored by the organisers, thus this might cost a lot to the startups. However, few startups have managed to get organisations to sponsor their trip, but they have to make their own accommodation arrangements.