Bangalore, India, November 26, 2014: Eleven tech startups have graduated from the fifth batch of Microsoft Ventures' India Accelerator Programme.
At a Demo Day here yesterday, ove 900 industry influencers, venture capitalists and angel investors witnessed the accelerated progress made by CryptoPhoto, DabKick, Fairket, FlatPebble, Nifty Window, Playblazer, Appknox, DeltaX, ProHance, Tallenge and Trutech during the last four months at the Accelerator Program. Demo Day was part of day-long proceedings which included a new set of Think Next initiatives being announced as well.
Said Ravi Narayan, Director, Microsoft Ventures in India:: “This batch has made considerable progress during the four months with us, with seven of the 11 closing deals with clients outside India. Overseas VCs and investors are showing keen interest in our startups. It’s really heartening to see how our efforts are paying off in helping our startups get recognized at a global level. We are now gearing up to welcome our sixth batch, due to start early next year. Applications are coming in, and many are from international startups!”
Added Tzahi (Zack) Weisfeld, Head of Microsoft Ventures Global Accelerators: “Every startup ecosystem is unique—in opportunities, challenges, culture and therefore in its level of maturity. Some very interesting ideas are emerging from India, which startups in US or Israel would never have perceived as a business worth pursuing. Innovative startups, backed by experienced as well as new founders are emerging in new technology areas, focusing on deep domain solutions. Some of them are right here in this batch, which graduates today.”