Y Combinator, the US-based startup accelerator shortlisted 12 start-ups from India to pitch their ideas to select-investors and venture capitalists from the Silicon Valley, in its recently held Demo Day here.
As per data shared by Vinod Shankar, VC at K-Start India, 174 companies applied to Y Combinator’s recent summer batch from 27 countries.
Interestingly, 38 percent of the companies that presented are outside of the United States, 27.5 percent of the founders are women, and 5.7 percent are only India-based companies.
The interviews took place in Bengaluru, which was the first time that YC conducted its interviews outside the United States.
The interviews were conducted by Adora Cheung, ex-founder of San Francisco-based Homejoy, and partner at Y Combinator, who was in Bengaluru for a month to conduct 140 interviews, held at Meesho’s office.
Having the two startups under wrap, only 10 out of 12 are disclosed.
The Indian startups which have been disclosed so far, include –
1. MyPetrolPump: An online platform to provide doorstep delivery of diesel for the generator (DG sets) / cars / fleet vehicles etc. in a safe, reliable and efficient way.
2. Wingman: Acts as a type of call centre, wherein it listens the sales calls and recommends the representatives to close the deals in a better and quicker way.
3, Nonu: Works on hair loss prevention kits on subscription.
4, Khabri: It is a podacst streaming app that offers podcast in 100 different Indian languages.
5, Lokal: Online news app for the 900 million non-English speaking users of India.
6, Vahan: It helps on-demand startups and companies to hire human resources through WhatsApp.
7. Digi Prex: It is an online pharmacy for Indian patients suffering through chronic diseases.
8. GreenTiger: Allows users to trade the stock market from the United States with zero commission.
9. Mela: E-commerce platform for bulk buying and shopping for Indians through WhatsApp and Facebook.
10. Binks: This startup uses tailor-made clothing and fitting for Indian women using computer vision and photographs.
Y Combinator is an early stage incubator based out of Mountain View, California where it selects 2 batches per year, and invests a small amount of money (typically $150,000) in a large number of startups. The startups then are required to move to Silicon Valley for three months during which they work intensively with YC to refine their pitches.
This Demo day of YC happens between March and August of every year, within the valley. The Demo Day for the summer ’19 batch happened on August 19 and 20, while interviews for the winter batch for this year happened in Israel.