11 tech startups graduate from Reliance and Microsoft backed accelerator

14th Mar 2016
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Reliance Industries and Microsoft Ventures backed startup accelerator The GenNext Hub announced the graduation of 11 technology startups from the second batch of its accelerator programme held at Mumbai. The GenNext Hub enables entrepreneurs to build their companies through an immersive, four-month-long programme. "At GenNext Hub we are supporting several of our startups from the second batch with strategic partnerships that will help them scale-up rapidly," GenNext Chairman and RIL Board Member Raghunath A Mashelkar said.

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The companies which graduated are:

  1. Algo Engines – Provides operational intelligence for wind turbines, met masts, solar plants and other Internet of Things (IoTs).
  2. Creditseva – India’s first consumer credit analytics and online management tool to help build healthy credit profile for individuals.
  3. Curefy – Mobile app that guarantees to instantly connect patients to doctors from best hospitals over the phone in under 1 minute.
  4. Efficient Bazaar – A centralized procurement solution for the hospitality industry.
  5. eLoan – The leading Peer to Peer (P2P) lending platform from Israel entering India.
  6. Fieldomobify – Mobile and cloud based field force mobility solution to sales, service and delivery function for visualizing real time activities on the field.
  7. FiTicket – A new kind of fitness membership that provides access to the best gyms and fitness classes in the city.
  8. Noroc Solutions – Enabling offline merchants to accept new age payments without the need for any additional hardware or an app and with minimal learning curve.
  9. Pickcel – The hyper-local advertising platform that help businesses to accelerate their sales within the locality in an easy and affordable way.
  10. Playfiks – An online sports eco-system that helps people to connect, network, schedule and engage in sports, fitness and a healthy lifestyle.
  11. VDeliver – A technology powered, intra city, point-to-point logistics company.

Some of the startups that have graduated from GenNext have already made a mark in the ecosystem and have become business partners for Reliance and Microsoft, he added. The GenNext Innovation Hub is a joint initiative of Reliance Industries Limited (RIL) and Microsoft Ventures to develop the startup community across India. 11 technology startups had graduated from its accelerator program last year, which included AxleRate, CarlQ, Coitor, Health Vectors, InterviewMocha, Light, LogiNext, Tootle, Oztern, Flexiguru and Fropcorn.

YourStory had earlier covered their first batch of startups graduates. Click here to read more. GenNext Hub

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