The GAIN, a startup accelerator dedicated to scaling emerging tech startups globally, recently concluded its ‘graduation-cum-startup showcase’ for the ‘StartupToScaleup’ cohorts. This event is part of the Ministry of Electronics and IT (MeitY), Government of India’s initiative to support startups with significant growth potential. ‘StartupToScaleup’ marks the first batch of accelerator programs under the Ministry’s efforts to help startups expand internationally. The GAIN supports startups graduating from MeitY’s Technology Incubation and Development of Entrepreneurs (TIDE) and Center of Excellence (CoE) schemes.
Startup Showcase & Investor Interest
The showcase saw over 70 investors, including those with unicorns in their portfolios, expressing interest. A total of 26 startups from various sectors graduated from the program.
Startups Seeking Funding:
- FinTech: Hesa Global ($12M), Nearby Technologies ($11.5M), WhatsLoan ($1M)
- Agritech: Borlaug Web Services ($6M), Piatrika Biosystems ($3M)
- Industry 4.0: LivNsense ($3.5M), Doppelio ($1M), Exact Space ($1M)
Investors interested in connecting with these startups can reach out to Carl Ebenezer P, who manages investor relations & partnerships, at carl.ebenezer@thegain.in.
Quotes & Commentary:
Mr. Ramanan Ramanathan, Former Mission Director of Atal Innovation Mission, emphasized, “Entrepreneurs need to implement their innovations in over 8,000 Tier 2, Tier 3 cities, smaller towns, and villages, not just the 8 Tier 1 cities for which most startups develop solutions.”
Mr. BV Naidu, Founder & Chairman of The GAIN, noted, “The Indian startup ecosystem is growing at 20% year on year. The GAIN, as a practitioner’s accelerator, supports entrepreneurs before they secure institutional funding, providing access to various markets through our global partners.”
Mr. Varadarajan Krishna, Co-founder & CEO of The GAIN, added, “The StartupToScaleup Demo Day for our Cohort 2 offers a valuable opportunity for investors and customers to be part of the growth journey of these innovative founders.”
About The GAIN
THE GAIN is a global acceleration platform for startups working with emerging technologies. They assist innovative startups in leveraging India’s talent pool to establish a presence in both domestic and international markets. The GAIN provides business access, active mentoring, and funding opportunities.