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By any benchmark , Accel is among the top venture firms in India . With almost two dozen Indian unicorn inauguration , including several category leaders , Accel ’s track record speaks for itself . Yet the partner leading the business firm ’s former - microscope stage atom smasher program , called particle , are uncharacteristically self-examining about their learnings and the change they have been implement to improve the odds of succeeder .
“ One fundamental belief we have is that at some point in time , all VC firms look the same to a beginner . It ’s just money , ” said Prayank Swaroop , a married person at Accel , in an audience .
All VC firms have also rise progressively focused on making former - stage investment in India in recent years and finding the next Flipkart at the seed leg . The transmutation is mainly driven by the realization that India is not producing many billion - buck exits , making it imperative to the VC funds toget in to begin with to dramatically ameliorate their returns .
An accelerator computer programme hightail it by a fund that vest in startups at various stage faces unique challenges . If the firm fails to significantly support its accelerator portfolio in subsequent funding round , it can institutionalise a negative message to the industry . Furthermore , experienced entrepreneur may not consider an accelerator to be the most suitable partnership selection for their venture .
These are some of the challenges Accel has been mulling over for nearly half a decade . Before launch Atoms , the speculation firm explored build a knowledge repository and a residential area with SeedtoScale , an earlier program launched by Accel .
“ We did Demo Days , we were taste to be very like to a slew of other investment trust , ” Swaroop told TechCrunch .
Just as fast as Accel tried thing , it has also walked back some of its footstep . It no longer attempts to induct mingling between Atoms portfolio startup and other investors , for example . Swaroop recall a conversation with a beginner who informed him how the investor meetup felt like the startup was being put on a treadwheel to artificially impress other likely angel .
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Other candid feedback from founder revealed that many were not comfortable engage with peer in the manufacture who were years onward of them .
“ We are trying to recover our own unique course , and what has worked for some of the other firm , we mean it ’s not work for us , ” he said .
So here ’s what that way looks like . Atom ’s third age group feature just eight startups , which is notably fewer than other well - known accelerators . And all the pick out startups lock within two sector : AI and Industry 5.0 ( sassy manufacturing ) .
Accel invests up to $ 500,000 in each handpicked startup ’s pre - seed round , and there is no valuation pileus . In addition to helping the inauguration strategize , Accel also helps them meet industriousness thespian that can become possible married person and customers in the future .
Accel handpicked AI and Industry 5.0 as the root word for atom because the house believes the two sphere will face far big in the next 10 class , say Barath Subramanian , the other partner top Atoms .
AI has obvious appeal . Meanwhile , Subramanian said manufacture 5.0 has emerged as a cardinal idea as the antiquated plants in India and elsewhere finally modernise , pave ways for startups that are bring efficiencies to take a slice of the tens of billions of dollar flowing to consult firms and others each year . “ These factories render a lot of data , but until now it had n’t been used , ” enunciate Subramanian .
The smart fabrication sector has also benefit from New Delhi ’s incentives to attract foreign firms to expand their manufacturing base in the country and also the grow “ China + 1 ” shift among global giant .
More than 800 startups employ to be in molecule 3.0 , and between 300 and 400 applicants were AI inauguration . Swaroop said nearly two - one-third of all pitches focused on AI startups that seek to solve hour and selling problems . “ If there ’s too much interference in the marketplace , it ’s a signal for us that we should hunt elsewhere , ” he say .
Pallavi Chakravorty , cobalt - founder and CEO of Meritic , said in a statement to TechCrunch that being selected by speck has been impactful . “ Beyond the majuscule and learning sessions , being part of Atoms has give us a strong beginner residential area and highly collaborative compeer radical . For case , ” Chakravorty continue , “ when Meritic is face with a challenge , we can turn over to any other squad at Accel LaunchPad , which is where we currently operate , or to anyone from Accel ’s mesh of over 200 portfolio party founders , to get in at a solution . ”
Below is the third cohort of Atoms :
SpintlySpintly is an IoT political program that simplifies access control to commercial and residential construction . Unlike traditional systems , Spintly use a circulate IoT architecture and sharpness computing engineering science , which eliminates the demand for heavy back - remainder base and enables smartphone - based door access to users . Spintly has eliminated 200k plastic badge and 2k miles for wired infrastructure from the built man and currently serve 300 + customer and 4k+ doors .
AsetsCanada - base Asets has launched an AI - powered , first - of - its - kind cloud - based Integrated Design Suite , a multidisciplinary computer-aided design , pretending and engineering science design weapons platform that helps Engineering Procurement Construction ( EPC ) and close - owner company speed their other - stage engineering by 10x . customer benefit from the rapid deployment of engineering resources , lowering effort time and price refer to applied science labor .
Tune AITune AI is a GenAI stack for initiative with solution that include Tune Chat , an AI confabulation app with over 180,000 exploiter and potent fashion model for text , computer code generation , and brainstorm , and Tune Studio , a comprehensive solution for fine - tuning , deploy , and handle the GenAI good example lifecycle and enable data security with enterprise - degree abidance .
SkoobSkoob is a generative AI weapons platform which is revolutionizing the room readers interact with record . Instead of navigating through entire volume , we harness the power of AI to dissect books into topic - centric section . We are making knowledge expenditure intuitive and user - friendly .
ArivihanArivihan is India ’s 1st AI - based 100 % Automated Learning Platform allow for each unique school student with a personal coach in their pocket at ₹ 300 per month , guiding them in planning for their exam , teach them with video lectures , tattle to them , solving their queries instantaneously , and validating their cognition by testing and improving them anytime they want , in the focal ratio they require .
MeriticMeritic is a storytelling conscientious objector - pilot for financial planning and analysis ( FP&A ) teams to automatise reporting and line of work analytics . Meritic combines the major power of knowledge graphs and language models to do highly contextual depth psychology , take in qualitative insights , generate relevant commentaries and automate financial deck creation .
( Two inauguration in the cohort remain in stealth for now . )
