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Microsoft ScaleUp To Accelerate 18 Startups In India For 12 Months

Microsoft ScaleUp To Accelerate 18 Startups In India For 12 Months

The startups will get to leverage Microsoft’s tech expertise and global enterprise clients

The selected startups work in the area of fintech, AI, IoT, blockchain and others

Some of the selected startups in this programme include Bionic Yantra, JusPay and Meddo others

Microsoft Scaleup, the tech giant’s startup accelerator initiative under Microsoft for Startups, has announced that it extended support to 18 startups in the last one year. To hand startups a competitive advantage in the market, the accelerator programme brings access to world-class technology, mentorship and other community benefits to help them make connections.

The startups that were selected in the programme will be leveraging Microsoft’s tech expertise and global enterprise clients. Through this initiative, Microsoft will help startups which are on their product development stage to explore emerging technologies such as artificial intelligence (AI), internet of things (IoT), and blockchain among others, and gear up for Microsoft’s co-sell programme.

Microsoft ScaleUp Selected Startups 

Here are the Indian startups that were selected in Microsoft ScaleUp Programme.

Finbox: Bengaluru-based fintech startup Finbox was founded in 2015 by Rajat Deshpande, Anant Deshpande, Nikhil Bhawsinka and Srijan Nagar. The company provides credit risk management platform which allows financial institutions and NBFCs to lend to self-employed and new-to-credit customers. The company claims to have processed 1 Mn loan applications every month, mostly to new-to-credit customers.

Let’s Venture: Founded in 2013, Let’s Venture was started by Sanjay Jha and Shanti Mohan. The company offers an online funding platform that makes the process of fundraising — both early and growth stage, easy, efficient and transparent for both startups and investors.

Paanini: Paanini is a Bengaluru-based AI-powered intelligent automation solutions company that solves complex business problems. The company was founded in 2012 by Payeli Ghosh, Rajmohan Hadrindranath, Krishnan Subramanian, Shreyas Chandrahasan, Sudhir Sen, Subin Perumbidy and Sekhar Prakash. It has developed a state-of-the-art technology platform called JiffyRPA which combines intelligent automation, document processing and smart analytics with a human-in-the-loop engine into a single platform.

EdGE Networks: Bengaluru-based HRtech startup EdGE Networks was founded by Arjun Pratap in 2011. The company has built an AI-powered talent decision platform to help organisations simplify their talent decisions.

PickMe: Founded in 2015, Mumbai-based PickMe was founded by Zulfer Jiffry. The platform facilitates real-time connections between the taxi passenger and the taxi driver, enabling mutual engagement for the reception and delivery of a service, seamlessly.

Worxogo: Singapore and Bengaluru-based AI-focussed enterprise startup Worxogo founded by Ramesh Srinivas, Sanjay Ghoshal in 2015. The company uses an AI engine to improve employee performance, thereby increasing productivity of the team.

Smarten Spaces: Founded in 2017, Smarten Spaces was founded by Anushka Verghese and Dinesh Malkani. The company claims that its AI and IoT platform offers next-generation spaces that improve productivity, reduce operational cost and enhance convenience for end-users.

Circle of Life Healthcare: Incepted in 2014, Gurugram-based Circle of Life Healthcare was cofounded by Mudit Kapoor, Dinesh Tewari and Vaibhav Singh. The company has developed first of its kind AI product ZEVAC that uses machine learning to predict culture report results instantly and augments empiric antibiotic therapy by clinicians, thereby fighting antimicrobial resistance.

iNICU Medical: New Delhi-based healthtech startup iNICU was founded in 2016. The company was started by Gautam Yadav, Harpreet Singh and Ravneet Kaur. iNICU offers predictive analytics solutions for early diagnosis of critical diseases and improve the quality of healthcare of a newborn child or neonates.

Eleven01: Hyderabad-based blockchain startup Eleven01 was founded in 2019 by Ausaf S. Ahmad and Suresh Ponnuswamy. The company’s industry-agnostic blockchain protocol brings true adoption and enterprise scalability through its private network that allows seamless integration of core blockchain services across various platforms and technology infrastructure.

JusPay: Bengaluru-based payments gateway platform JusPay was founded in 2012 by Vimal Kumar and Ramanathan. The company offers a full-stack digital payments (SaaS) platform that enables secure and frictionless payment experiences and enables organisations to scale their online payments.

VuNet Systems: Founded in 2014, VuNet Systems was cofounded by Ashwin Ramachandran, Bharat Joshi and Jithesh Kaveetil. VuNet has built an AI-driven platform that provides end-to-end real-time information across the value chain of the enterprise.

Mihup: Kolkata-based voice technology startup Mihup provides an intelligent voice interface for media and entertainment, smart homes and connected cars among others, in Indian languages. The company was founded in 2016 by Biplab Chakraborty, Sandipan Chattopadhyay, Sandipan Mandal and Tapan Barman.

Meddo: Gurugram-based healthtech startup Meddo offers end-to-end solutions to all healthcare needs, right from doctor consultations to diagnostic services, wellness, lifestyle among others, and maintains digital record of patients. The company was founded in 2018 by Saurabh Kochhar.

Myelin Foundry: Founded in 2019, Myelin Foundry was started by Gopichand Katragadda. Based in Bengaluru, the company develops AI algorithms on video, voice and sensor data for edge devices.

Bionic Yantra: The medical robotic startup Bionic Yantra was founded by Shiva Nagarajan in 2017. The company enables rehabilitation for various medical conditions and has developed exoskeleton to help patients walk.

Update: December 24: 14:00

The previous version of the article erroneously mentioned Paanini as Option3-backed Paanini and JiffyRPA as JiffyRAP. The article is now corrected.

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Author

Inc42 Staff
Business Journalist

Amit Raja Naik is a business journalist for Inc42 Media. A startup enthusiast, who loves to write about technology, people, process, culture and more. You can also find him regularly performing shows with his music band in Bengaluru, India.

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