500 Startups announces list of companies for Batch 6 - Five Indian companies feature

Wednesday May 15, 2013 , 4 min Read

500 Startups has released the list of companies for the next batch of companies for its startup accelerator program. 28 companies feature in this batch, of which 20 companies are international.

It is the first time that 500 startups has invested in middle-eastern and African startups; 2 companies from Jordan and one from Ghana. Apart from this, five Indian startups have been selected as a part of the program.We caught up with Pankaj Jain, 500 Startup's venture partner in India to know more about the announcement and 500 Startup's India focus -

YS: How did you go about shortlisting companies from India?

PJ: All the applications were made through Angel List, so all the short lists were mainly based on merit, as opposed to last year, which was mainly done through referrals.

YS: What are some things that are different about this batche's Indian Startups as opposed to the ones in the previous batch?

PJ: Firstly, two out of the four Indian companies (Seat14A and School Admissions) have women founders. This is particularly important for me. Also of the five startups that have come on board, three (Pricebaba, Tushky and School Admissions) are focused on the Indian market and the other two are global facing companies.

I think the longer term opportunities for startups lie in India and I'm really happy to see more focus on India. While there are many who urge global startups from India, I believe that we should have global quality companies, which should solve local problems.

YS: How will a exposure to the US market help startups targeting the Indian market?

PJ: I think the most challenges that startups face are the same, irrespective of geography. Helping startups overcome problems in distribution, design and the process of making data driven decisions is what we do and I think these challenges are relevant to Indian startups especially.

YS: Startups from Ghana and Jordan are two new additions to your portfolio. What was the thought behind it?

PJ: We at 500 Startups see the world slightly differently. We see it in terms of language and population centers and places like the middle east, China, India etc have a great language-population imbalance. For example, Arabic is spoken by at least a few 100 million people around the world and there is a huge opportunity to tap into by working with startups from these geographies.

Here are the list of startups from Batch 6 -

Credii (India) - Software and services requirements business intelligence

Tushky (India) - Selfservice online platform to monetize free time by offering interesting activities (read more)

Pricebaba.com (India) - Location based product search engine (read more)

School Admissions (India) - Making school admissions and education tension free.

Seat14A (India) - A complete and affordable ensemble for the discerning man every week (read more)

AppSocially (Japan) - Social API to increase application virality

Binpress (Isreal) - Helping increase open source adoption in corporates

Boxc (China/US) - Ecommerce/Logistics solutions between china and US

Dakwak (Jordan) - Website translation technology

Dropifi (Ghana) - Web marketing tool

Feast (US) - Cooking School for the common man