Microsoft Ventures in India today announced the graduation of 17 technology startups, 16 of which constituted the fourth batch of its Accelerator program and another from an earlier batch. At an event held here today, an audience of 800 plus mentors, industry influencers, venture capitalists, angel investors and journalists witnessed the accelerated progress made by Appointy, App Virality, Bookpad, Boutline, Imly, InstaSafe, IntouchApp, Metaome, Sliderule, Voonik, MyBusTickets.in, Praxify, Thinxtream, Touchfone, ZingHR and Zoom during the last four months at the Accelerator. Profoundis, a startup from its second batch, also graduated today.
Congratulating the graduating batch, Shripati Acharya, Managing Partner, Angel Prime, said: “I have been closely watching this batch since they started at the Accelerator. Each company was unique—not only were they at different stages of maturity and addressing very different business segments, their problems were also unique. Together with each startup, the Microsoft Ventures team worked hard to identify the right strategy and make the connections that would help each of them. I am really happy that the joint efforts have finally paid off! I congratulate Microsoft Ventures and the graduating startups on the success, and wish them all the best in their entrepreneurial journey ahead!”
Sharing his experience, Abhijit Gupta, Co-Founder, CEO and MD, Praxify said: “Microsoft Ventures has played a pivotal role in reshaping our business strategy for emerging markets. Access to partners and potential collaborators has been a boost for a fast-growth product company like ours. The weekly meetings with the leadership team have helped us maintain focus on achieving our short term goals and ensured that these are aligned with the company’s long term vision. Our mentors have helped us to accelerate from a startup of 20 people to 45 people in less than 3 months.”
“The 17 startups which graduated today will join the 34 alumni startups from the last three batches of the Accelerator program. While their four month stay at the Accelerator ended today, it also marked the beginning of another life-long association. As alumni, they will continue to be supported by the Microsoft Ventures team, both in India and abroad, as they work on customer connect and technology advancement,” added the team.
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