WhatsApp and Invest India on Tuesday selected 5 Indian startups who would receive INR 35 lakh each to develop country-first products to solve real-life problems faced by the country.
The selected startups are:
- MedCords – Healthtech Startup
- Melzo – Virtual reality content platform
- Javis – AI-based enterprise solutions
- Gramophone – Agritech platform
- MinionLabs – Helps minify electricity costs for businesses
“With more and more India-centric startups coming to the fore, we are looking forward to act more than just financing them. We would do partnership with them to bring right services to right people.”
“The first wave of technology largely brought concepts from other countries to India which were then localised according to the needs. We are now looking into innovative idea which are India-first, solving unique problems being faced by the country.”
– Abhijit Bose, Head of WhatsApp India
The Startup India – WhatsApp Grand Challenge was launched earlier this year to inspire entrepreneurs to develop solutions that can have a socio-economic impact on the Indian economy. Over 1,700 entries from 25 states were recorded. Out of which 10 startups were selected to pitch in front of the venture capitalists and entrepreneurs including Shailesh Lakhani from Sequoia Capital, Vani Kola from Kalaari Capital, Deep Kalra from MakeMyTrip, Harsha Kumar from Lightspeed Ventures and Bose from WhatsApp.
“The Indian startup ecosystem has undergone a dynamic transformation in the last few years, with the addition of many successful unicorns and high growth in venture funding.”
“We are constantly working to strengthen the ecosystem to support our startups by simplifying regulations, building infrastructure and establishing meaningful partnerships.”
– Ramesh Abhishek – Secretary, DPIIT
Source: Livemint
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