VC Company Accel Is Going To Support Eight Indian Early-Stage Startups

Bengaluru Prominent venture capital firm Accel revealed eight Indian early-stage firms on Thursday that are a part of the third batch of its “Atoms” accelerator program.
Up to $500,000 in funding, access to benefits valued at over $5 million from Accel’s network partners, individualized mentorship, and the chance to work with a robust peer group of prior cohort and portfolio founder founders are all provided to the cohort.
Since the program’s inception, the 24 firms that were a part of the two prior Atoms cohorts have raised over $200 million in funding, the venture capital firm stated in a statement.
“We believe we have found the next wave of disruptors in AI and Industry 5.0, and the proof of this has been witnessing the growth of each of these startups since joining the programme,” Prayank Swaroop, Partner at Accel, stated.
“As part of Atoms 3.0, founders are also learning how to build that muscle for resilience and agility,” Swaroop stated. Atoms 3.0 comprises four AI startups: Arivihan, India’s first AI-based, fully automated learning platform; Skoob, a generative AI reading platform; Meritic, a narrative co-pilot for financial planning and analysis; and Tune AI, a GenAI stack for organizations.
This cohort’s two industry 5.0 businesses are Asets, a transdisciplinary CAD, simulation, and engineering design platform, and Spintly, an IoT platform for smart buildings.
The cohort’s two surviving startups are operating covertly. Founders are receiving “insight into critical zero-to-1 areas like hiring, getting your first 10 customers, or tuning your pitch for investors” from Accel Partners’ Barath Shankar Subramanian, who described the 6-month ‘Atoms 3.0’ experience.
“Through one-on-one sessions with their domain leaders, the founders also get clarity on how to action those learnings and lay out their roadmap for each month,” Subramanian stated. Many of India’s most successful firms, such as Flipkart, Freshworks, Swiggy, Urban Company, Zetwerk, and Cure.fit, have Accel as their first investor.