Bangalore-based Axilor Venture, which supports early-stage startup, has already received 300 applications for its sixth batch of the accelerator program, reported by ET. Through its programs which include Accelerator, Scale-up and Early Stage Funding, Axilor aims to support early-stage entrepreneurs and improve their odds of success.
“The startup founders in the (last) cohort have found useful the extensive access to the Axilor market network comprising enterprises, investors, resident advisors, tech and go-to-market partners, and alumni founders. The program design allows them to execute faster, grow their business and get funded,” said Asutosh Upadhyay, Head of Programs at Axilor Venture.
Founded in late 2014 by former Infosys veterans Shibulal and Gopalakrishnan, Srinath Batni, Professor Tarun Khanna and Venugopal, Axilor supports early-stage entrepreneurs through its accelerator and scale-up programmes. Gopalakrishnan is an advisor to technology venture capital fund IDG Ventures India and has made co-investments with the VC firm in a number of startups. The accelerator programme runs twice a year, in March and September.
In the last two years, it has supported more than 60 startups, made 25 investments and has an Alumni network of 125+ founders. From the last accelerator batch, 20 startups across five sectors- consumer internet, enterprise, Artificial Intelligence, healthcare and fintech has been graduated. Around 50% of these 20 have secured funding; with an average fund raise of Rs 2.5 crore.
The application for its sixth batch is still open for the startups operating in deep tech, enterprise tech, consumer tech, fintech and health tech industry. Follow the link to apply for the program which closes on September 6, 2017.