Venture Capital firm Sequoia Capital India’s recently announced that it has selected 15 early-stage startups from Southeast Asia- and India for its accelerator program Surge’s third cohort. Out of these 15 startups, seven are from India, while one-third of the startups in the batch have women founders.
According to an official statement released by the accelerator, the program has invested US$1mn to US$2mn in each of the participating startups, which come from Singapore, Indonesia, Vietnam, and India. Collectively, the Surge 03 startups have raised over US$39mn in their Surge rounds.
Due to the coronavirus pandemic, the latest cohort is taking place online for the first time. The selected companies will take part in day-long sessions held once a week for 15 weeks, including online workshops, small group discussions, and chats with Surge mentors such as Tokopedia founder William Tanuwijaya and Sequoia Capital global managing partner Doug Leone.
“It’s been incredible watching our Surge founders build innovative, global-first businesses from the region. Our past Surge cohorts have displayed relentless drive, tenacity, and passion to create real impact in their respective industries and communities, and Surge 03 is no different. We are proud to be able to partner with this current cohort of ambitious founders who are building their companies in one of the most challenging periods in modern history”, said Rajan Anandan, Managing Director, Surge, and Sequoia Capital India LLP.
These startups mainly offer solutions for industry verticals, including SaaS, Dev tools, Consumer, F&B, Education and Health.
According to Sequoia India, 80% of the startups in its latest batch are coming onboard with institutional co-investors and close to 50% also have angel investors.
Coming from sectors such as software-as-a-service, developer tools, consumer, food and beverage, education, and health, here are the 15 startups in Surge 03:
1.) Atlan
Founders: Prukalpa Sankar and Varun Banka
Launched: July 2019
2.) BukuKas
Founders: Krishnan Menon and Lorenzo Peracchione
Launched: December 2019
3.) CoLearn
Founders: Abhay Saboo and Marc Irawan
Launched: January 2020
4.) Convosight
Founders: Tamanna Dhamija, Tarun Dhamija, and Kartik Bansal
Launched: October 2019
5.) DrinkPrime
Founders: Manas Ranjan Hota and Vijender Reddy
Launched: March 2016
6.) Fittr
Founders: Jitendra Chouksey, Sonal Singh, Jyoti Dabas, Bala Krishna Reddy, and Rohit Chattopadhyay
Launched: March 2019
7.) Hangry
Founders: Abraham Viktor, Andreas Resha, and Robin Tan
Launched: November 2019
8.) Last9
Founders: Nishant Modak and Piyush Verma
Launched: January 2020
9.) Pencil
Founders: Will Hanschell and Sumukh Avadhani
Launched: May 2019
10.) Pentester Academy
Founder: Vivek Ramachandran
Launched: March 2019
11.) Procol
Founders: Gaurav Baheti and Sumit Mendiratta
Launched: October 2018
12.) Thuocsi
Founders: Nguyen Huu Minh Hoang, Nguyen Xuan Hiep, and Vuong Dinh Vu
Launched: November 2017
13.) Tigerhall
Founder: Nellie Wartoft
Launched: March 2019
14.) Tinvio
Founder: Ajay Gopal
Launched: July 2019
The 15th startup is currently in stealth mode hence its details are not disclosed yet.
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