- Accelerator focuses exclusively on retail & food tech startups in India
- Founded by Mr. Siddhartha Mookerji
- India Operations headed by Mr. Sanjay Srinivasmurthy
New Delhi, August 22, 2020: The first and second week of June 2020 saw the final pitches from the about 30 shortlisted Retail & FoodTech startups who pitched to some the top jury members from the start ecosystem.
“Our entire startup selection process for this cohort has been remote and virtual. Despite a number of constraints due to the COVID situation, we successfully sourced more than 500+ startups to get to the final 30. The startups show a lot of promise and are working to solve some of the key problems faced by the customers in Food & Retail industry. The objective of our program is to help startups to establish themselves in the global markets. The virtual program provides a lot of flexibility and wider reach to the startup ecosystem”, says Sanjay Srinivasmurthy, Director & Head of India.
The startups, during the 12-week virtual acceleration program will receive intensive one-on-one guidance and mentoring by the Growth Hackers, Entrepreneur-In-Residence, CTO on Demand, Industry Mentors and investors. Additionally, startups will also get to be part of the virtual workshops and will obtain key inputs on their business & financial plan.
During the 12-week program, Silicon Road will also invest an initial amount of money (INR 25 Lakhs) in the qualifying startups with a possibility of follow-on investments and investment through syndicates and partner investor networks. Startups will also get access to a number of industry perks.
Here’s a look at the 6 startups that are part of the Silicon Road Accelerator Program
- Buybot
BUYbot enables retailers & Brands to set-up shop on WhatsApp. With API integration with messaging platforms, it allows two-way free flowing conversation. Buybot AI interprets & curates item shopping list and marks relevant retail touch points. It does not require any App or any inventory integration
- Redesyn
Redesyn is a social media that lets creators and artists earn a monthly income by providing exclusive rewards & perks to their subscribers. It provides creators with an exclusive channel & business tools to sell memberships & convert their designs into merchandise.
- BFore
BFore is reimagining shopping for high-value products, by replacing the demanding research journey with a personalized conversational experience. We are building intuitive chat-first AI-powered platforms to make finding the right product at a great price an easy and joyful activity.
- Extovate Ventures:
Extovate Venture is a new age technology company focused on developing technologies in the food packaging space. Patented Self-heating/cooling technology that can be used to heat/cool the food with a press on a marked area of the food package
- Upperclimb:
Athletebit Healthcare Private Ltd is a DIPP recognized Startup whose mission is to develop and bring to market, scientifically proven, natural ingredient based, safe sports nutritional supplements for athletes. It is incubated in CSIR-CFTRI’s Food Business Accelerator (FBA) in Mysore, Karnataka.
- Supply 6:
Supply6 is a Health & Nutrition startup currently working on its Meal v1.0 product. It is a nutrition-complete & convenient drinkable meal powder for working professionals on-the-go, when they do not have time for or access to real food.
Corporate Comm India (CCI Newswire)
