In the first leg of the programme, which began in August, 20 startups were selected from among 234 applicants. The companies chosen spanned various sectors, and included warehousing platforms ODWEN, Wherehouse and Warehousity; EV fleet providers EVIFY and Zyngo; agritech companies Upjao Agrotech and E Sandhai; and aggregator platforms Paapos, Hyphen SCS and Loadex.
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The inaugural edition of Velocity aimed to equip startups with insights and practical advice in fundraising strategies and growth hacking. The startups presented their solutions to VCs and super-angel investors. Each company also received AWS Activate Credits worth $25,000 to access AWS cloud services for their businesses.
“The agri-commodities that face severe inconsistencies at source due to human interface need AI-driven solutions to standardise [their] quality control process. The Velocity programme offered us a platform to engage closely with industry experts and VCs,” said Ritu Mishra, cofounder and product head of Upjao.
The mentorship efforts at Velocity were led by Vibhor Jain, president – network governance, and COO of ONDC; Rohit Kapoor, CEO of food marketplace at Swiggy, and Naman Jain, founder, Falcon Autotech.
The logistics industry is on track for exponential growth, Kapil Bharati, chief technology officer and executive director, Delhivery, said in a statement. “The program [SIC] will help build a logistic ecosystem to enable new entrepreneurs to convert their ideas into viable, functional business solutions,” he added.
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