India based leading venture capital firm Chiratae Ventures has announced the names of 19 startups that are selected in the 7th edition of the Innovators program.
Over 500 homegrown startups participated in 5 weeks foundational initiative, which looks to empower seed and early-stage founders.
The firm in its statement said, “The selected startups represent a wide range of industries, including deep tech, health tech, software, consumer-tech, and fintech.”
“The first 19 startups selected through the program are – AyuRythm, Inspektlabs, Quollab, Euphotic Labs Pvt Ltd (Nosh), Chainflux, VogueMe Technologies Pvt Ltd (Toch.ai), Code Test Pvt Ltd (CodeTest), PhySarum, Vyorius Drones LLP (Vyorius), Zealth, Heyy.life, Ai Health Highway India Pvt Ltd (AiSteth), Rightbot Private Limited, Retail Pulse, Mowito, Whrrl, Escrowpay, Insurance Samadhan and Ark Neo Finance,” the statement said.
Speaking on the announcement, Sudhir Sethi, Founder & Chairman of Chiratae Ventures, said “Our Innovators Program is rooted in our commitment towards strengthening our homegrown startup ecosystem. We are happy to have received a large number of applications this year. It is truly inspiring to witness the grit and determination of founders who are working towards scaling innovative solutions that aim to shift paradigms and create real value.”
“Our program is the longest-running seed initiative among all Venture Funds and we have invested over $125 Mn in 50 seed investments including companies such as Uniphore, NestAway, PlaySimple, Rentomojo, Unbxd and CloudCherry which was acquired by Cisco. Some of our portfolio companies such as Emotix & PlayShifu have expanded to the US & globally. We are thrilled to partner with these startups in their entrepreneurial journey and support their endeavors through the program and with support from our corporate partners like AWS, Cisco & Japanese corporations,” Sudhir Sethi said.
“The 5-week program is focused around key aspects in the growth of startups including market analysis, team building, and culture, technology, product, market entry and expansion, and fundraising. The program also hosts tech experts and industry evangelists to create a high-level learning and knowledge-sharing experience for all participants. Through the program, the selected startups also gain access to both local and global markets via Chiratae’s corporate collaboration partners,” the firm said.
Commenting on the announcement, Mr. Karan Mohla, Partner & Head of Consumer Technology – Chirate Ventures, said “We believe the new normal post-pandemic has created a whole new opportunity with a digital-first world where consumer behavior and working patterns can create large value for a country like India and we would like to support founders who are working towards those ideas. We welcome our batch of 19 startups and aim to support their growth through the program.”