15 May, 2019
Early-stage investment firm Anthill Ventures has shortlisted 15 startups for its six-month market access programme A-Scale, which is focused on the Asian markets.
According to a statement from Anthill Ventures, a cohort of 15 startups from Singapore, India, Israel and the US with cutting-edge solutions for health-tech, media-tech and urban-tech have been selected from a poll over 300 startup applications.
Anthill Ventures had launched A-Scale in March 2019.
Out of the selected 15, four startups are from India.
The programme has been supported by Enterprise Singapore, a government agency aimed at developing organisations. Anthill Ventures is part of the agency’s ‘Startup SG Accelerator’ initiative providing mentorship and resources to support the growth of startups based out of Singapore.
The programme aims at speed-scaling 18 startups every year by providing them with targeted mentorship on business model refinement and go-to-market strategies.
Through A-Scale, the shortlisted startups will gain access to over 100 global subject matter experts, over 50 corporate partners and an opportunity to implement their smart products and solutions in the public sector via government organisations.
The programme will help each of the selected startups to raise funding of up to $1 million and an additional syndicated $20 million smart capital via Anthill’s co-investor network. Below are the four Indian startups shortlisted for the programme:
QuaQua: This media-tech startup was founded in 2016 by Sandesh Reddy and Purav Shah. The Hyderabad-based company is a travel platform that integrates 360-degree virtual reality content for the global travel and tourism industry.
Grene Robotics: This Hyderabad-based startup was launched in 2009 by Kiran Penumacha. The company has built an internet-of-everything (IOE) platform that helps in bringing people, process and data of an organisation onto a single unified platform such that they can all communicate with each other seamlessly.
Rooter: This New Delhi-based company was founded by Piyush Kumar and Akshat Goel. The startup is a sports technology platform that manages live sports and engages fans during live matches.
Zerone Microsystems: The New Delhi-based company has developed a virtual point-of-sale machine for smartphones based on ZPI, its patented proximity payment technology. Users can make payments via ZPI by swiping a smartphone against another.