ANSR’s joint-venture innovation partner Techstars India recently launched its first mentorship-driven accelerator, the Techstars Bangalore Accelerator on February 4th, 2019. “It’s not just the first in India, but it’s also the first program dedicated to startups that are addressing the emerging market opportunities. All the other Techstars accelerator programs take place in developed countries. ” comments Jay Bhow, SVP and MD of ANSR Global. Mr. Bhow is leading the collaboration between ANSR and Techstars.“It’s not just the first in India, but it’s also the first program dedicated to startups that are addressing the emerging market opportunities. All the other Techstars accelerator programs take place in developed countries.”
The program received applications from 700 startups from 30 countries. Applicants were put through a rigorous curation process and evaluated on the strengths of the founders, relevance of the business case, potential market opportunity and originality of the idea. The 10 month curation process culminated with a 2-day pitch session at ANSR’s office in Bangalore. A panel consisting of the Techstars India Leadership, CIOs, Venture Capitalists and start-up founders selected 10 outstanding companies for the inaugural class of startups for Techstars India. The breadth and capabilities of these companies speaks to the potential of rapidly growing emerging markets startup ecosystems such as India, and their ability to address issues which affect billions of people around the world.
As the market leader in establishing and operating some of the leading Global Capability Centers in India, ANSR is excited to work Techstars India’s inaugural class of start-ups.
– Ambee: A startup dedicated to intelligence in an hyperlocal real time environment using mobile and static sensors.
– Dcoder: A cross platform devtools (IDEs) for developers to code on mobile, tablet and desktops.
– Instacar: A car rental company specialised in outstation leisure travel with guarantees on resolving certain pain points across current car hire options.
– Liquid Diamonds: A B2B online exchange for certified diamonds. They use patented exchange technology which brings liquidity and price discovery to this untapped asset class.
– Leucine: A company which enhances compliance in the pharmaceutical industry across production, R&D & supply chain divisions.
– Nira: A consumer finance venture that provides small ticket employee loans for low-income salaried workforce enabled through employers.
– ODoc: Sri Lanka’s first platform that connects patients with doctors for video, audio and text consultations over mobile devices. ODoc provides access to doctors within minutes of making appointments.
– Redwing: This cargo delivery service uses hybrid Vertical Take-Off & Landing drones to make last-mile logistics cheaper, faster, and on-demand.
– Rephrase: An AI powered visual dubbing tool to help video producers reach a multilingual audience at a fraction of reproduction cost.
– Unifize: A chat platform that’s designed for manufacturing companies to reduce wasted time by upto 70%, to rectify workflow issues and improve efficiency.
During the three month mentorship program, Techstars along with ANSR will provide the startups with qualified advice, mentorship from leaders, connections to leading corporations. The program also includes capital contribution from Techstars India to help accelerate the growth trajectory of these start-ups. The program culminates on May 2, 2019 with a Demo Day when the start-ups showcase their progress – be it in improved product direction, better market positioning or ability to seek increased capital – that they’ve accomplished in just a few months, to the world.