Sequoia Capital India and Southeast Asia disclosed 15 early-stage startups it has chosen for the seventh cohort of its accelerator program Surge, pushing forward with new investments even because the deal exercise has significantly slowed within the area.
Since its launch in March 2019, the accelerator has helped its collaborating startups collectively elevate over $1.7 billion in follow-on funding, the enterprise agency mentioned, with over 60% of firms from the primary 5 cohorts elevating their Sequence A and past.
The Surge program, which has backed over 250 startups, initially wrote checks of about $1 million every in startups however has since increased the backing amount to up to $3 million. Some noteworthy startups from earlier Surge cohorts embody Doubtnut, Scaler Academy, Khatabook, Bijak, Classplus, Hevo Knowledge, Juno, Atlan, BukuKas, Plum and Apna Membership.
The contemporary cohort contains startups which can be trying to introduce instruments to simplify workflows in addition to resolve greater challenges together with local weather change.
Sequoia mentioned its cohort contains some startups with whom it partnered after they had no product in addition to these being run by repeat founders and entrepreneurs with in depth expertise of their respective sectors. These founders embody the previous CFO of vogue e-commerce platform Nykaa, machine studying engineers who labored on conversational AI at Meta and the primary set of engineers of Uber in India.
“We proceed to be deeply impressed by the ambition and variety of concepts, in addition to the calibre of founders with every cohort. Surge 07 is not any exception. We’ve got partnered with all of our firms at their earliest stage of firm constructing, with almost half of them nonetheless in pre-launch at first of our partnerships,” mentioned Rajan Anandan, Managing Director, Sequoia India & Southeast Asia, and Surge, in a ready assertion.
“Our founders convey with them a wealth of expertise and creativity, and we consider that these dreamers, innovators and class creators have the potential to alter the way forward for our area and the world,” he added.
A majority of the startups within the new cohort are constructing for international markets and focusing on audiences past their headquarters. Practically half of them have a presence within the U.S. and European markets, Sequoia mentioned.
Founders within the seventh cohort of Surge will undergo a 16-week hybrid program to get coaching and mentorship from trade veterans and storied entrepreneurs.
Following is the record of startups obtainable within the seventh cohort.
- Attentive, a vertical SaaS firm, is constructing a gross sales automation platform for America’s out of doors providers contractors. (Data Edge Ventures is a co-investor.)
- Beam is constructing a one-click checkout resolution that allows a frictionless fee expertise for sellers and consumers in Southeast Asia. (Partech Companions is a co-investor.)
- Boxs is spinning up a design-to-build automation platform for architects, inside designers and development firms.
- BuyerAssist goals to assist B2B income groups with so-called mutual success plans (MSPs) to align and collaborate successfully with their patrons all through the journey. (Emergent Ventures and Stellaris Enterprise Companions are co-investors.)
- ClearFeed is a collaboration platform that makes use of AI fashions to allow pure language ticketing on Slack and Microsoft Groups and supplies seamless connectivity to backend ticketing instruments like Zendesk, Salesforce and Freshdesk. (8VC is a co-investor.)
- Gan makes use of AI to create customised movies at scale, empowering manufacturers to construct private connections with their clients. (It additionally secured funds from Emergent Ventures.)
- Hatica goals at offering engineering managers and leaders with the visibility and insights to assist them construct productive and wholesome engineering groups. (Kae Capital is an investor.)
- Metaschool says it’s making it simple for builders to study, construct and ship dApps to arrange them for alternatives within the rising web3 ecosystem. (Luno, World Ventures and Polygon Ventures are co-investors.)
- PixCap is an animation platform that enables customers with no design expertise to create animations for 3D illustrations, video games, and designs. (Cocoon Capital and Entrepreneur First are co-investors.)
- Pratech Brands plans to assist new-age Indian shoppers improve their high quality of life by higher dwelling and well being merchandise.
- Semaai is constructing a full-stack tech resolution for Indonesia’s agriculture sector. (Beenext is a co-investor.)
- TrueFoundry is a developer platform that goals to assist startups deploy and monitor machine studying (ML) fashions on the pace of huge tech firms — in minutes or days as an alternative of weeks or months. (Eniac Ventures is a co-investor.)
- Unravel Carbon helps firms monitor and scale back their carbon emissions utilizing its software program. (Alpha JWC Ventures, Amasia, GFC, Insurgent Fund, XA Community and Y Combinator.)
- Whiz is a fintech firm in Indonesia, the place it goals to serve youngsters. (AC Ventures, Alpha JWC Ventures, Goodwater Capital, Ondine Capital and Y Combinator have additionally backed the startup.)
One startup within the cohort is at present within the stealth house, however has disclosed that it’s working within the journey house.