Google announced the seven promising startups from India, that will join the third class of Launchpad Accelerator along with startups from Brazil, Indonesia, Mexico Argentina, Colombia, Philippines, Thailand and Vietnam. These startups will join the six month long intensive mentoring program from Google for mid to late stage startups including a two-week all-expenses paid boot-camp that kicks off early next year [January 30, 2017] at Launchpad Space in San Francisco. Additionally, each startup will get USD 50,000 in equity-free funding.
Shortlisted startups from India include an on-demand wardrobe rentals service, furniture and appliances rental service, top tutor help service, a platform for doctors to discuss medical cases with peers from across the country, an Indian word games for adults and kids, a service that allows you to earn money for playing games and a CRM app that helps businesses to do better lead management.
The program begins with determining each startup’s critical challenges, in order to deploy precise mentorship, actionable solutions, and Google resources to enable their product/service app to scale. The seven start-ups will then get tailored expert guidance from Google engineers, product managers and other mentors from top technology companies and VC’s in Silicon Valley. Additionally, they will receive equity-free support credits for Google products and work closely with Google for six months in their home countries.
Paul Ravindranath G, Program Manager, Launchpad Accelerator said
We are delighted to help Indian startups in their journey and help them to scale and find success in their endeavors. Access to good mentoring and advice at early to mid -stage can make a meaningful difference. Over the last one year, thirteen Indian startups have participated in the program and many have already gained from the program and have successfully raised funding. Nestaway who was part of our first batch from India closed a $30M series C investment. MagicPin that offers deals and discounts for Restaurants, Spas, Salons implemented a progressive web app that has helped them to drive over 10% of their total daily transactions. We hope the next batch will continue to find value in the program and help them to succeed.
Amarendra Sahu, Co-founder of Nestaway from India said
Launchpad accelerator program made us believe that even we could build a world class product and the mentors helped us to understand what was needed to get there. We have recently asked for follow-on engagement with mentors. If you are a startup who believes in changing the world through tech product, then this is the program for you.
For those interested in applying for future Launchpad Accelerator classes, follow Launchpad Accelerator updates