The search for the next set of technology start-ups yielded a higher number of 11 at the GenNext Hub, an initiative of Reliance Industries Limited (RIL) powered by Microsoft Ventures to catalyze the startup ecosystem for a digital India. In 2015, nine start-ups graduated from the Hub.
The event held in Reliance Corporate Park, Navi Mumbai, saw the 11 startups showcase their businesses to more than 150 investors, influencers, corporate customers and leaders.
“At GenNext Hub we are catalyzing a unique start-up ecosystem, which rests on the tripod of talent, technology and trust. We spot and encourage ‘talent’, help them harness their ‘technology’ and back them up by putting total ‘trust’ in them. We are supporting several of our startups from the second batch with strategic partnerships that will help them scale-up rapidly,” said Raghunath A Mashelkar, GenNext chairman and RIL board member.
Bhaskar Pramanik, chairman, Microsoft India, informed that, “Microsoft provides the platform on which innovative companies are being built. Our technologies power nearly 4,000 start-ups in the country today and we will continue supporting the start-up ecosystem through our various programs. We have seen some amazing innovation in the two batches that have graduated thus far from GenNext. Some of these have already made a mark in the eco-system and have even become business partners for Reliance and Microsoft and we hope this trend will continue.”
Startups from the second batch have received several recognitions during the course of the program, that include, Nasscom Emerge 50 2015, YourStory Tech30 2015 and The Economist’s Innovation Award 2015.
During the four-month program, the start-ups were mentored on customer development, business models, operational planning, product roadmap, market traction, fund raising and pitching. The workshops cut across B2B and B2C businesses in diverse sectors such as sports, energy, hospitality, advertising, fitness, financial services, logistics, healthcare, payments and enterprise software. Domain expertise was provided in intellectual property, product development, online promotions, advertising, PR, financial modeling, communication and pitching. Going forward, GenNext Hub will focus on helping companies scale-up with its “Scalearator” model and evolve from a “Minimum Viable Product” to a “Minimum Viable Company.”
The 11 start-ups from the second batch of GenNext Hub are:
Algo Engines: Provides operational intelligence for wind turbines, met masts, solar plants and other Internet of Things (IoTs). Satish Kashyap, co-founder and CEO
Creditseva: India’s first consumer credit analytics and online management tool to help build healthy credit profile for individuals. Satya Vishnubhotla, co-founder and CEO
Curefy: Mobile app that guarantees to instantly connect patients to doctors from best hospitals over the phone in under 1 minute. Raghav Sehgal, co-founder and CEO.
Efficient Bazaar: A centralized procurement solution for the hospitality industry. Tanveer Singh, co-founder and CEO.
Eloan: The leading Peer to Peer (P2P) lending platform from Israel entering India. Yigal Alkaslasy, chairman.
Fieldomobify: Mobile and cloud based field force mobility solution to sales, service and delivery function for visualizing real time activities on the field. Shridhar Awate, co-founder and CEO.
FiTicket: A new kind of fitness membership that provides access to the best gyms and fitness classes in the city. Sahil Kukreja, co-founder and CEO.
Noroc Solutions: Enabling offline merchants to accept new age payments without the need for any additional hardware or an app and with minimal learning curve. Ajay Joseph, co-founder and CEO.
Pickcel: Enabling offline merchants to accept new age payments without the need for any additional hardware or an app and with minimal learning curve. Abhijit Chaudhary, co-founder and CEO.
Playfiks: An online sports eco-system that helps people to connect, network, schedule and engage in sports, fitness and a healthy lifestyle. Rajeev Krishnan, co-founder and CEO.
VDeliver: A technology powered, intra city, point-to-point logistics company. Srinivas Madhavam, co-founder and CEO .
GenNext Hub is now accepting applications for third batch, which will start in April 2016.
Watch this link to know more about the 11 start-ups: