Google Selects Six Indian Startups for Accelerator Program
Search giant Google has shortlisted six Indian startups for its fourth class of Accelerator Program to be conducted at the Google Developers Launchpad Space in San Francisco, said a press statement.
With this batch, a total of 26 Indian startups have joined the accelerator programme so far, the statement added.
The fourth batch, which begins July 17, will include a two-week-long, all-expenses-paid mentorship bootcamp featuring veterans from Silicon Valley’s top technology companies and venture capital firms. Apart from the six Indian startups, it will also host early-stage ventures from Asia, Latin America, Africa and Europe.
The programme aims to empower startups with skills in the field of machine learning and artificial intelligence, and help them leverage Google’s latest technologies to scale their apps.
Additionally, the startups will receive equity-free support and credits for Google products. Following their return from San Francisco,they will continue to work closely with Google in India.
“These startups were shortlisted from hundreds of startups who applied this year based on their unique value proposition and use of latest technologies like machine learning and AI to build high impact solutions that are solving for the Indian context, focusing on new internet users and digital India,” said Paul Ravindranath G, program manager, Google India.
The shortlisted startups include companies that optimise financial services including loans and credit cards, offer online video platforms and leverage artificial intelligence or machine learning for applications ranging from image-recognition to medical diagnosis.
Here is the list of the selected startups:
• EdGE Networks: An artificial intelligence-powered HR solutions provider, it helps companies overcome talent acquisition and workforce optimisation challenges. It is also backed by theNational Skill Development Corporation.
• FastFilmz: The app allows users to stream South Indian movies on mobile phones. Users can also share/swap movies with friends without using data.
• IndiaLends: Backed by DSG Consumers, Siddharth Parekh and Gautham Radhakrishnan, the credit-underwriting and analytics platform provides unsecured consumer lending.
• RailYatri: It uses deep-analytics technology to make intelligent predictions that help travellers make smart decisions. The app uses a traveller’s mobile GPS to predict train delays, in addition to platform number, coach position, on-time history of train and wait-list confirmation.
• RecipeBook: Using deep learning and computer vision, the startup provides intelligent solutions for food and retail.
• SigTuple: It builds cloud-based solutions for medical diagnosis using artificial intelligence techniques. Its solutions allow labs and hospitals to implement a hub-and-spoke model where medical experts can operate from hub and devices can be installed in spokes. The startup is backed by investors such as IDG Ventures, Endiya Partners, pi Ventures, VH Capital and Axilor Ventures.
• Startups that have been selected for theprogramme previously include apparel rental startup Flyrobe, social network for doctors Curofy, furniture rental Rentomojo and ed-tech startup Hashlearn. – VCCircle