In Act II, Ax­ilor to On­board 20 Star­tups

The Economic Times - - Disruption: Startups & Tech - Our Bureau

Ben­galuru: Ax­ilor Ven­tures will dou­ble the in­take of star­tups for its 100-day ac­cel­er­a­tor pro­gramme for which the ap­pli­ca­tions are cur­rently open.

Ax­ilor, which takes around 10-12 star­tups cur­rently, is look­ing to take in around 20 star­tups for its fu­ture co­horts. In the past two years, since its in­cep­tion, Ax­ilor, whose founders in­clude In­fosys co­founders Kris Gopalakr­ish­nan and SD Shibu­lal, has sup­ported 30 star­tups through its ac­cel­er­a­tor pro­gramme and in­vested in over 20 star­tups through its pro­grammes.

Its port­fo­lio in­cludes star­tups across do­mains such as ar­ti­fi­cial in­tel­li­gence, en­ter­prise, fin­tech, con­sumer in­ter­net and healthtech. Its star­tups in­clude events list­ing plat­form Eventshigh and home re­pair ser­vices provider EasyFix. Its ex­its in­clude ecom­merce ser­vices and tech­nol­ogy com­pany Seller­worx, which was ac­quired by soft­ware firm Cap­il­lary, and on­line fash­ion firm Craftsvilla ac­quired gourmet food mar­ket­place Place of Ori­gin.

The Ven­tures will also be ac­cel­er­at­ing its in­vest­ments in early-stage star­tups. “In an un­cer­tain fund­ing en­vi­ron­ment, Ax­ilor’s ac­cel­er­a­tor pro­gramme is a great op­por­tu­nity for en­trepreneurs to scale their star­tups and be­come in­vestable quickly,” said CEO of Ax­ilor Gana­p­a­thy Venu­gopal.

In the last two years Ax­ilor has sup­ported 30 star­tups through its ac­cel­er­a­tor pro­gramme

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