NetApp, the data authority for the hybrid cloud, announced the graduation of its first cohort of six startups during the NetApp Excellerator Demo Day. Located in the heart of Bengaluru’s technology neighbourhood, the NetApp Excellerator program is NetApp’s first ever startup accelerator, designed to help enterprise startups to achieve  their full potential through mentorship with one of NetApp’s largest R&D teams.

Ravi Madhira, CEO, Scalend Technologies, one of the startups graduating from the NetApp Excellerator, said

NetApp mentorship helped us focus our market research, and identify the right target market and target customers we could go after. Offering us the support of its large and experienced sales machine, NetApp made the program even more compelling. Our new-found status as a NetApp Alliance Partner has given us a sure foothold in the data driven enterprise domain.

The first NetApp Excellerator Demo Day event commemorated the completion of the first cohort, all six participating start-ups : Lightmetrics, Adya, Vaultedge, Vitacloud, Enclouden and Scalend, demonstrated their achievements & progress to venture capitalists, NetApp executives and prominent industry leaders present. Sports icon and entrepreneur, Anil Kumble, was the guest of honor for the demo day event held at the NetApp campus in Bengaluru. The event marked the culmination of the first cohort’s technology and market acceleration journey. Now as alumni, the startups will have continued access to mentorship and go-to-market opportunities with NetApp, as well as eco-system connects. They will also share their experiences with startups in the future cohorts.

Ajeya Motaganahalli, Director and leader of the NetApp Excellerator program, said

With our rich history of innovation and expertise in data management, we have been able to provide the right mentorship, both technical and sales related, to the startups in our first cohort. We leveraged expertise from across NetApp to help the six best startups selected from the 250 applications received. In addition, we got them the best-in-class global industry experts to help them qualify the target markets better and supplement their technical capabilities.

Strong mentorship helps build credibility and confidence for the participating startups. For example, during their time in the program, one participant, Adya, raised an angel round of funding to the tune of USD 250,000.

Commenting on the program, Deepak Visweswaraiah, Senior Vice President & Managing Director, NetApp India said

Mentoring the start-ups in our very first cohort was a valuable learning experience for us. It allowed us to reconnect with the startup that we remain at heart. We will continue to support the startups through the NetApp Excellerator program and provide them with the best ecosystem to achieve success.

Applications for the second cohort are now open. Selected startups will receive technology and business mentorship as well as access to markets and investors to realize the full potential of their ideas and products in the global market place. Applications are invited from startups working in the areas related to IOT, cloud, big data and analytics, machine learning, virtualization, data security, storage and data management, and other adjacent areas. To know more please visit http://startup.netapp.in/

About NetApp Excellerator

The NetApp Excellerator Program has been designed to help start-ups create innovative world-class products and solutions that are market-ready. The program enables start-ups to use NetApp expertise and its ecosystem of partners, subject matter experts and customers to realize the maximum potential of their innovative ideas. Startups that are selected will have access to NetApp platforms and technologies, tools, co-working space, HR, marketing, legal and tech support. NetApp will provide an equity free grant of USD 15,000 to these startups upon completion of the program. The startups own their IP and NetApp would not seek a stake in the same. For more information on this program and to apply, please visit http://startup.netapp.in; follow #NetAppExcellerator

Swiggy, India’s largest food ordering and delivery platform announced that it has acqui-hired Bangalore-based gourmet Asian food startup 48East, founded by food industry veterans Joseph Cherian and Nabhojit Ghosh.

Both will join Swiggy’s New Supply business line. As COO of the New Supply business line, Cherian’s expertise in the food infrastructure space will further strengthen Swiggy’s focus on solving for gaps in consumer supply through various strategic initiatives. This includes the recently launched Swiggy Access, where the company brings a variety of food to consumers by enabling plug-and-play expansion for restaurant partners in different areas.

While the food landscape in the country rapidly expands, numerous areas and scenarios or use cases remain under-served. Over the years, Swiggy has been exploring innovative ways to address this by providing solutions for the availability, quality and convenience of food. With Cherian and Ghosh, the company will be able to take this a notch higher as it looks to serve consumers more efficiently and grow the market.

Talking about the acqui-hire, Sriharsha Majety, CEO, Swiggy said

With their deep understanding of the food space and an impressive track record of delivering a great consumer experience, the 48East team will equip Swiggy with additional capabilities. We are excited to work with them towards our vision of changing the way India eats.

Target announced the fifth cohort of startups to graduate from the Target Accelerator Program. A technology that makes it easier for shoppers to use self-checkout with fresh produce and an in-store digital shopping assistant powered by artificial intelligence were two of the unique solutions to emerge from the latest accelerator program.

The startups in the fifth cohort – the biggest batch yet – participated in a Demo Day today at Target’s office in Bengaluru, showcasing the products and solutions they developed and refined during the four-month accelerator program. The startups focused on areas including artificial intelligence, machine learning, computer vision, natural language processing, analytics and digital experiences.

The Target Accelerator Program, which was launched in December 2013, gives startups a unique platform to develop, scale and test their products in a live retail environment while also accessing Target mentors in India and the U.S. To date, 30 startups have graduated from the program and worked with Target teams across stores, marketing, finance, legal, merchandising, mobile and digital.

All eight of the startups will continue to test their products with Target beyond the program. The startups that presented at Demo Day are as follows

  1. Cogknit – A tool that automatically generates transcripts and closed-caption files enabling accessibility of online video content [Site]
  2. Cognitifai – A video analytics solution that uses computer vision for varied applications such as detecting the placement and removal of products for inventory tracking and creating ‘to-scale’ digital images for online shoppers [Site]
  3. Hyperworks – A self-checkout solution for fresh produce that uses gray-scale images [Site]
  4. Jumper.ai – Enables shopping on social media through hashtags [Site]
  5. Light Information Systems – A conversational bot that can be used to answer employee questions [Site]
  6. Moonraft Innovation Labs – An interactive, in-store digital shopping assistant powered by Artificial Intelligence [Site]
  7. Streamoid – Enables personalized product recommendations and natural-language search that suggest outfits and helps improve product discovery [Site]
  8. vPhrase – Generates automated, natural-language insights from structured data [Site]

IoT product innovation from India

In addition to the Accelerator program, Target is looking for innovative ideas from Indian startups for Target’s Open House, a connected-device concept store based in San Francisco. Open House gives consumers hands-on interactions with new IoT products and services, and provides the entrepreneur community a spot to gather and learn from one another and consumers.

For the first time, a startup from India, Lumos, was selected to be featured at Open House. The startup was selected for Garage, a platform which serves as an area for companies with products that are still in prototype or early go-to-market stages, to showcase their smart products and get real-time feedback from consumers. Successful products from the Garage may be sold at Open House and eventually at Target stores or Target.com.

Inviting startups to apply

Target is now accepting applications for the sixth batch of the accelerator program. Startups interested in applying for the accelerator program or learning more about Target Open House can write to accelerator@target.com

SharkID, a Smart Phone-book app was launched in Ahmedabad. A Bootstrapped StartUp with capital investment of USD 2 million, SharkID is a joint venture between e-Procurement Technologies and Silver Touch Technologies.

Founded by Ramesh Sinha, a technocrat and serial entrepreneur, SharkID is a smart phonebook app that auto updates itself and focuses on creating digital card format of contacts distinguished as a personal card and digital business card. The user registers with mobile number [verified through OTP] and fills in multiple contact fields that creates his/her Personal Card which is private by default.

Backed by a highly scalable Service-oriented architecture with full stack technology, SharkID deploys a Big data Database Mongo and Redis for storage and Encrypted streaming for data security.

The advantages include

  • Next time you call/receive a call from unknown number SharkID will tell you who is calling & how many of your friends know him/her.
  • Know who all have saved your number & remove your number from a stranger’s smart phonebook. Currently you decide whose number you can have, now you have the power to control who can have your number.
  • Next time you want to share your contact coordinates i.e. mobile, phone, fax, IP phone, skype, email, website, social handles, biz card, emergency numbers, address just share your universal SharkID.
  • No more dead contacts or duplicate contacts, as SharkID is an auto updating phone-book. It is like your phone-book but a lot smarter. The more you call, the more you discover.
  • You can publish personal card & biz cards on SharkID and share one/both with select users.

Speaking at the launch, Ramesh Sinha, Founder – SharkID, said

At the outset, we had decided to design a product that is disruptive and accelerates the pace of change. SharkID meshes technologies to actually Smarten the smartphone and puts choice in the user’s hands, for once. We all have multiple digital coordinates today – mobile number, email, instagram, Twitter, FB, LinkedIn, etc.

Which makes for an increasingly cluttered digital profile, making it almost impossible to recall or store. SharkID enables convergence – share your single-point contact and the recipient will get all your coordinates. Moreover, Digital Business Cards that can be shared easily – no hassle of carrying actual visiting cards. Because you can control who has access to your card, you choose who can contact you.

Elaborating further, he added

Due to our technology DNA, we have access to a good talent pool. Backed by a robust technology backbone, today we have 80,000 downloads with 75,000 cards exchanged and 100,000 calls made. SharkID boasts best-of-breed features and the user can do a Single click call, email, SMS, WhatsApp etc…directly. There are additional features such as searching by hashtag and grouping, enabled by Machine Learning and Artificial Intelligence.

Currently the company plans to deepen the user experience and expand the user-pool across India to 10 million by March 2019

About Shark Identity Private Ltd

Shark Identity Private Ltd is a JV between Silvertouch Technologies and eProcurement technologies. A bootstrapped startup founded by Ramesh Sinha and Mr Jignesh Patel, SharkID aims to replace physical visiting cards with digital cards over the next few years. For more information, please visit SharkID

Internet of Things [IoT] has become one of the most popular technologies, especially when the discussion is about creating an overall connected eco-system. Be it homes, offices, vehicles, etc. most of them are now becoming ‘smart & connected’ and are able to generate data on which actionable steps can be performed.

Image Source – IoT

Most of this is possible due to the wide range of Sensors that are very important part of the IoT setup. Some of these sensors are Temperature Sensor, Pressure Sensor, Proximity Sensor, Accelerometers, Gyroscopes, etc.

As per a report by Gartner on IoT, there might be around 20 billion connected things by 2020. Things in IoT would not only be limited to smartphones, PC’s, etc. but also extend to other appliances. The meteoric rise of IoT and IIoT has resulted in evolution of new business models, thereby resulting in number of startups trying to solve ‘customer centric’ problems via IoT.

We take a look at ‘11 Internet of Thing Startups to Watch‘, a useful compilation created by Wrike, a company that specialises in project management software and has interesting set of tools with which you can manage projects online.

11 “Internet of Things” Startups to Watch
Infographic brought to you by Wrike manage projects online

Uber announced UberEXCHANGE finalists at the Global Entrepreneurship Summit 2017. As a part of this program, ten startups won an-all-expense-paid trip to San Francisco, where they will visit Uber’s headquarters to meet the executive leadership team and be introduced to potential investors.

Image Source – UberExchange

UberEXCHANGE was launched in 2016 as a part of Uber’s mission to create a startup ecosystem in partnership with Invest India. Since then, over 150 startups have been mentored by Uber’s senior leadership team. The finalists have been chosen through a rigorous selection process anchored by T-Hub, Telangana’s flagship startup incubator and accelerator. Among the winning startups, 5 startups are based in Hyderabad – Anytimeloan, Docturnal, Imaginate, Ekincare and Carengrow.

Speaking on the occasion, Shri. K.T.Ramarao, IT Minister, Government of Telangana said

Many compliments and congratulations to Uber and the startups that have been selected for the trip to San Francisco. T-Hub will continue to guide the startups and Uber is an exceptional partner who can really take them places. I hope the startups do extremely well going forward.

Amit Jain, President, Uber India & SA said

We are very excited to announce UberEXCHANGE finalists at the Global Entrepreneurship Summit 2017. We launched this program in partnership with T-hub last year  to support the Prime Minister’s Startup India vision. Since then, we have had the opportunity to mentor over 150 starups and be a part of their entrepreneurial journey. We thank the Government of Telangana and T-hub for their continued support in helping us bring this initiative to life.

Srinivas Kollipara, COO, T-Hub said

We aim to create opportunities for the startups in India to benefit from the global ecosystem through exchange of knowledge, access to mentors and investors. Through UberEXCHANGE, several startups  in India have benefited from hands-on mentorship sessions by Uber’s global leadership team. We are looking forward to continuing this partnership to provide a platform that will help many more Indian startup succeed in their entrepreneurial journey.

Gayam Raja, Founder, Gayam Motor Works said

We signed up UberEATS as our first customer for limitless e-bike in Singapore, Hongkong and San Francisco through UberEXCHANGE. Thanks to UberEXCHANGE and T-Hub for the kickstart.

UberEXCHANGE Delegation to San Francisco include:

  • Anytimeloan.in is a P2P platform for anyone who is in need of an instant loan or for people looking to leverage their savings by lending in a proven and scientific ecosystem, in a paperless and contactless environment.
  • carenGrow monitors complete physical, psychological and behavioural health profile of children in school through objective and non-invasive decision based intelligent monitoring system.
  • Docturnal, a non-Invasive point of care screening and diagnostics for tuberculosis & diabetes related ailments leveraging real time machine learning results.
  • Preva Systems offers end-to-end solutions in the area of real time identification, location and mobility of things/assets using its IoT platform enriched with analytics for superior business results.
  • eKincare is a patent pending wellness platform that integrates medical records, healthcare services and leverages predictive analytics to design wellness initiatives & reduce healthcare costs
  • AlgoSurg is a cloud-based software platform  for ‘X-ray based 3D surgery planning and patient specific instrument (PSI) design’ for deformity correction and replacement surgeries.
  • Imaginate Software Labs is a renowned augmented reality (AR) and virtual reality (VR) based technology enterprise, that offers innovative visualization products and services. Through its strong and proven technology expertise, it offers experiential solutions in the fields of retail, defense, enterprise, finance, entertainment and healthcare sectors.
  • JioVio HealthCare aims to provide home based predictive maternal care ecosystem in both urban and rural areas. Inspired by beauty, JioVio helps create a better, healthier lifestyle by bringing IOT base medical devices to pregnant women, encouraging them to take care of their health and to be informed.
  • Gayam Motor Works manufactures electric bikes and smart autos – the first EV in India with automatic battery swapping system.
  • Gray Routes Technology Pvt. Ltd is a leading provider of location analytics and field automation software. They aim to transforms the way the world’s leading brands use data to solve their toughest distribution problems.

Nuvepro, a managed cloud environment solutions provider has raised $400K investment led by 1Crowd and its investor community. The investment will be used to deepen their R&D efforts and continue to expand into the worldwide market.

1Crowd is a unique angel investment platform focused on early stage ventures. It has more than 500 investors, 50 mentors and has made over 12 investments since March 2016. With the funds, the company will be able to leverage 1Crowd’s ecosystem of mentors, industry connects and investor community to benefit from strategic to operational support.

As part of the managed cloud environment solution, Nuvepro delivers ready-to-use infrastructure and applications on a single or multiple clouds, automates the resource provisioning, manages cloud resources & spend, ensures governance and compliance of cloud usage, integrates with your existing tools. All of this is done through a single-source self-service portal. The platform ensures that CIOs have complete control over resources, hierarchy, and subscription management. The embedded analytics provides insights that will help CIOs to track the cloud usage, optimize the resources and cut costs by over 50%.

Giridhar LV, CEO, Nuvepro said

80% of enterprises are using the cloud. However, the CIOs are still finding it challenging to increase the cloud adoption and utilization. The returns on their cloud investments are far from realized. Nuvepro was founded with a singular vision to make the cloud work, help CIOs make the most of their cloud investments and enable them to take the competitive-edge. We do it by taking complete ownership through managed cloud environment so that CIOs don’t need to worry about provisioning, governance, security, skill building, shadow IT and managing multiple clouds.

Anup Kuruvilla, Co-Founder of 1Crowd, said

Along with a well-respected, experienced and dedicated team, Nuvepro addresses key modern day challenge of cloud adoption. Microsoft Azure and Amazon web services have made strong strides in moving resources to the cloud and making the value proposition for enterprises attractive. We believe Nuvepro would be able to form a crucial bridge between enterprises and cloud providers by driving faster adoption. The underlying business model of providing ready to use cloud infrastructure available on a subscription or pay per go basis is also a strong pull for enterprises.

Janakiraman, Chairman, Nuvepro said

The debate on cloud is over. The focus now is to improve the cloud adoption and utilization. 1Crowd’s trust and investment in this vision gives us extra push to enable more CIOs to realize the true benefits of the cloud.

The startup was founded in 2014 by Janakiraman S, Giridhar LV, Umesh Bhatt, Moyukh Goswami and Rajesh Vasudevan, all having significant years of professional experience.

About Nuvepro

Nuvepro enables organizations to improve the cloud adoption and utilization. They do it through ‘managed cloud environment solution’ where we take complete ownership in providing ready-to-use infrastructure and applications on any cloud, automating the resource provisioning, managing cloud resources & spend, and ensuring governance and compliance of cloud usage. For more information, please visit Nuvepro

About 1Crowd

1Crowd is a unique angel investment platform focused on investing in early stage ventures. 1Crowd and its investor community has made 12 investments since last year. 1Crowd has close to 500 investors on board and over 50 eminent people as mentors. For more information, please visit 1Crowd

3M signed a MoU with the Government of Karnataka at the ongoing three-day Bengaluru Technology Summit.

As per the MoU, 3M will provide a ‘Booster Service Kit’ and conduct, on a ‘pro-bono’ basis, mentoring sessions to start-ups in the areas of commercialization process, stage gate discipline, building a business case and accelerating product launch, competitive and pricing analysis, and differential value and options analysis. This will be conducted as per the program and schedule mutually agreed by the parties involved.

Mr Krish Sridhar, Head R&D, 3M with Honorable Minister Priyank Kharge, ITBT & Tourism, Government of Karnataka, Gaurav Gupta, Karnataka Principal Secretary, Dept.of Information Technology, Biotechnology and Science & Technology and, Salma Fahim, MD, KBITS and Gaurav Gupta, Principal Secretary, IT & BT Department.

Speaking on the occasion, Shri Priyank Kharge, the State Minister for IT, BT and Tourism, said

We are pleased to announce a partnership with global conglomerate 3M. It is our hope that start-ups in the State will benefit from the wide range of mentoring sessions by industry specialists from 3M in the areas of commercialization, stage gate discipline, building business cases, competitive pricing analysis and differential value analysis.

3M is a multinational conglomerate corporation that transforms technology into solutions. It supplies an array of innovative products across applications such as electronics, healthcare, industrial, safety and security.