Main enterprise capital agency Accel has introduced eight early-stage Indian startups within the third cohort of its accelerator program known as Atoms which backs pre-seed ventures constructing within the Synthetic Intelligence (AI) and Trade 5.0 domains.
The cohort receives as much as $500,000 in funding. Apart from this, the startups may even get different advantages price greater than $5 million from Accel’s community companions, alternatives to collaborate with a powerful peer neighborhood of founders from earlier cohorts, and personalised mentorship.
This cohort embody 4 AI startups (Tune AI, Skoob, Meritic, and Arivihan), two Trade 5.0 startups (Spintly and Asets), and the remaining two are in stealth mode.
Prayank Swaroop, Companion at Accel mentioned, “The shift to a thematic program design for Atoms 3.0 has enabled us to offer deeper, sector-focused mentorship for the startups. Atoms has at all times restricted itself to smaller cohort sizes to remain hyper-focused on the wants of a smaller group of outstanding founders.”
“We imagine we’ve discovered the following wave of disruptors in AI and Trade 5.0, and the proof of this has been witnessing the expansion of every of those startups since becoming a member of this system. Whereas AI presents an unimaginable alternative, the tempo of innovation in AI requires founders to have the best mindset for navigating this market,” he mentioned.
Earlier two Atoms cohorts have raised over $200 million in funding for the reason that launch of this system, the VC agency mentioned, including that it has been the primary associate to lots of India’s profitable startups together with Flipkart, Freshworks, Swiggy, City Firm, Zetwerk, and Treatment.match.
“The zero-to-one journey presents essentially the most formidable problem for entrepreneurs, as each resolution can utterly alter the trajectory of your corporation. Our mission with Atoms is to make sure founders have one of the best odds at success and may make these mission-critical selections with perception from the world’s finest area specialists,” mentioned Barath Shankar Subramanian, Companion at Accel.
He added that the 6-month Atoms 3.0 journey is giving founders perception into important 0-to-1 areas like hiring, getting your first 10 prospects, or tuning their pitch for buyers.
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Printed: 28 Mar 2024, 05:26 PM IST
