Skip to main content

Six new-age tech startups on-boarded in the second cohort of Lodha Group’s Palava Accelerator

Established in November 2017 by Lodha Group in partnership with Zone Startups India, Palava Accelerator has on-boarded six startups for its second cohort from application pool of 80 startups. These include Faclon Labs Pvt Ltd, Calamus, Edge Canvas, Tilt, Russsh and One Wallet.

Since the launch, the accelerator program has mentored 8 startups at various stages, of which 3 were able to convert Lodha as clients, one of them being UtopiaTech. The startups are from varied technology domains such as CleanTech, Governance, Ed-tech, Fintech to name a few etc. The second cohort of the Palava Accelerator comprises startups providing new-age tech & digital solutions such as electric bikes, bike sharing platform for e-cycles & e-scooters, asset automation solution for water, AI based learning management system, mobile-based same-day delivery service, and web applications for city vendors.

Startups accepted into the Palava Accelerator program receive support and services including co-working office space, free residential options, business development support, an opportunity to pilot their products at Palava City, access to high quality investor networks, mentorship programs and networking events. The program provides early stage companies a test bed and launch pad for their businesses.

Shaishav Dharia, Regional CEO, Lodha Group said, "Palava is a great opportunity for emerging startups, given the scale of infrastructure and being home to over 100,000 residents. It is also home to fully functional international schools and retail mall; thereby presenting wide-ranging opportunities to emerging tech startups.”

"Palava Accelerator has been working with a diverse set of startups, under multiple models of engagement, and enabling them to establish their product validation by providing them with a test-bed. Over the past 15 months, we have seen a steady traction in terms of awareness of the accelerator program across India, and startups aspiring to be a part of the same, which is a win-win situation.", says Ajay Ramasubramaniam, Director (India), Zone Startups.

“It’s really difficult to validate product idea in the B2B domain and especially if it’s a hardware (IoT) product. Palava city was a great opportunity to pilot our product and understand user behavior. The best part of this program was that potential customer (Palava City) was hand holding us to devise a perfect solution.” says Ayush Jain, Co-Founder, Utopia Tech.

In addition to attracting startups from Mumbai and other parts of the country for its accelerator program, Palava Accelerator has also conducted two editions of its pre-accelerator program called Ideathon. The focus of Ideathon is on idea stage companies and startup enthusiasts having commercially viable ideas which require support in product building. Till date, five startups have emerged from the Ideathon Pre-Accelerator program from which three have successfully built the product and are now in launch phase. One of the pre-accelerator startup Neuronet has also gone on to implement their AI based Chabot solution in Palava and get Lodha as first customer.

Palava citizen and Founder, Neuronet, Vijay says "This has been a great platform at the right time to start building our vision. Accelerator has always pushed us to perform more and helped us to achieve the product milestones. Within 3 months we networked with several companies and got an opportunity to validate our product. All the workshops that we participated in this program helped us to define our roadmap."

Comments

Popular posts from this blog

Cloud Computing powering India’s priority of ‘Digital-first country’

By: Sunil Mahale, India MD and VP, Nutanix
Digital transformation has been recognized as being vital to the growth of our nation. This transformation has enjoyed the unanimous approval and contribution from all stake holders including enterprises, MSMEs, government bodies and citizens. But this level of adoption in a country with a population of over a billion people would need a robust technology base that is capable to collecting and distributing vital data seamlessly.
Digital India envisions creating high speed digital highways, that will impact commerce and create a digital footprint for every individual. Technologies based on mobility, analytics, Internet of things and most importantly, cloud technologies are the building blocks for the digital India missionThere is a growing need to manage huge volumes of data, and making them readily available to public through digital cloud services. Cloud has a pivotal role in enabling this change.
While Data centers have become crucial to th…

RevStart launches its RevItUp Incubation Programme

Underlining its vision of creating a nurturing ecosystem for start-ups to grow in, RevStart, a co-working and incubation centre, has announced the launch of its RevItUp Incubation Programme. The 12-week long programme will be held at RevStart Incubation Centre in Noida from July 1, 2018 onwards. As part of the programme, RevStart will select five high potential start-ups from the ed-tech sector, AI, Consumer Internet, Sustainability, as well as for-profit social impact companies to assist them with developing their business, along with connecting them to global mentors across industries and sectors. In addition, start-ups selected for the programme will receive INR 5 lakh to Rs. 25 lakhs worth of cash and benefits, while RevStart will get an equity stake in the ventures.
The RevItUp Incubation Programme has been created to enhance the founding team’s industry, product, and company building knowledge and capabilities through a world-class curriculum. The programme will focus on tailor…

Insurtech startup Kruzr raises $1.3 Million from Saama Capital and Better Capital

InsurTech startup Kruzr has raised 1.3 Million USD (Rs. 9.5 Cr) for its seed round led by Saama Capital with participation from Better Capital. Kruzr is a preventive motor insurance technology which helps insurance companies personalize policy premiums & improve their risk model by delivering an engaging preventative driving assistant to their customers. Kruzr is founded by Pallav Singh, Ayan, and Jasmeet Singh Sethi.

Kruzr blends the power of voice technology and artificial intelligence in its personal driving assistant that helps drivers minimize mobile distractions, drowsy driving, speeding and external risks like weather and accident-prone zones. In pilots with insurers, Kruzr managed to cut down distracted driving by 80%. Kruzr is working with motor insurance companies in Europe, UK and India to bring its technology to their customers to prevent accidents & improve claims.

“Road accidents cause over 1.3 million deaths globally every year, and motor insurance companies los…