Meet the two startups picked for VentureNursery's sixth accelerator batch
VentureNursery, an angel-backed startup accelerator programme launched in March 2012, has revealed the names of two startups graduating from its sixth batch. The programme, which had started earlier this month, will complete in March 2015. The two startups are Whateo.com and The Home Salon.
The incubator claims to have received over 950 applications from multiple cities. There were two startups in the last batch of the acceleratorâ€“ discovery engine for hobby class seekers FindURClass.com, and last minute hotel booking site HotelsAroundYou.
Here's a quick look at the startups from the latest batch:
Whateo: An 'assisted SaaS' solution that aims to empower marketers to create entertaining, brand-sensitive animated videos in a matter of hours, through a freemium model. The company is founded by Jay Sutaria along with his sister Shaili.
The Home Salon: The startup addresses the at-home wellness market. Its service seeks to replicate a salon and make hassle-free, professional treatments available at the customer's doorstep. Its services are currently available in Mumbai, and are expected to expand to other tier-1 cities soon. The company was founded by Rishika Chandan, an ex-investment banker & derivatives trader who holds an MBA from the Indian School of Business.
VentureNursery has accelerated 14 startups out of which 10 have secured seed funding including Oravel, Catapooolt, Klip.in, Interview Master, InvenZone, Seek Sherpa, The Venturator, and Peter's Pan, among others. According to the accelerator, its first investment Oravel Stays has already given it 3X returns in a very short period.
The accelerator was founded by angel investors Shravan Shroff, founder and former MD of Fame Cinemas; and Ravi Kiran, former CEO- Southeast & South Asia, Starcom MediaVest Group as well as co-founder & managing partner of Friends of Ambition. The accelerator is currently focusing on six sectors â€“ media & entertainment, retail, e-commerce, consumer technology, education and cleantech.
It conducts a minimum of two boot camps a year in Mumbai, and targets to accommodate up to eight startups in each programme. At the end of each programme, graduating startups are evaluated for investment.