TLabs, an incubator run by Times Internet Ltd (TIL), has disclosed names of 9 startups that it has picked for its Fall 2013 Batch, which started early last month. The startups comes from sectors like retail, health, media, and advertising, among others.
According to the incubator, some of them have already started signing up initial (paying) customers. The incubator had picked a combined total of 7 startups in its first two batches (of which one had shut shop), and increased this number to 7 in the 3rd batch alone. With this batch, TLabs takes its portfolio count to 23.
The unique thing about the current batch is that it also includes students currently studying in colleges. TLabs typically invests around Rs 10 lakh for a 10% stake in an incubatee company.
Here is a quick look at the startups:
1) BetaGlide: It is a mobile app testing platform that helps developers to gather information in real-time about the system usage and the behavior of their app, while they beta test their app in real life environment before launch.
2) GetMeAShop: It is an ecommerce platform helping offline businesses to set-up and manage their online store.