This year, GSF Accelerator has invested $1 million (Rs 7.2 crore) in seed funding in four startups that are part of its sixth batch, a company statement said.
GSF Accelerator, launched in 2012 by former Reliance Entertainment president and GSF Superangels founder Rajesh Sawhney, has so far funded 50 startups.
“The startups’ focus ranges from manufacturing tech to vernacular content marketplaces, from AI-driven sales analytics to AI-based loan underwriting and contract abstraction in real time. These four startups have paying customers. Our global ecosystem of mentors, advisers and investors have helped these four startups over the last six months,” said Sawhney.
As part of this multi-country programme, the startups have been mentored by top founders, venture capitalists and entrepreneurs in Bengaluru and have recently completed an immersion programme in Silicon Valley. Next, they will interact with the investment and startup communities in China and Japan.
Below are the four shortlisted startups:
Chizel: Founded in 2014, Pune-based cloud platform Chizel Prints Manufacturing Pvt. Ltd offers a way to manufacture engineering components. The platform employs self-learning AI algorithms that harness the potential of digitally connected machines to provide manufacturing solutions to customers.
Khabri: Founded in 2016 by Pulkit Sharma, Aankit Roy and Sandeep Singh, this Gurugram-based digital platform for vernacular audio content is owned by Accerank Softwares Pvt. Ltd. The Khabri mobile app allows content creators to develop channels and programmes and reach millions of vernacular listeners across India and overseas.
Slintel: Founded by Ranjana TN, Rahul Bhattacharya and Deepak Anchala in 2016, California-based Slintel Inc. offers a technographics-powered discovery and AI-driven recommendation platform that helps companies improve their sales conversion rates by predicting their next customer.
Vaultedge: Founded in 2015 by Sanjeev Aravindan, Bengaluru-based Vaultedge Software Pvt. Ltd offers an AI-based platform that helps banks and business process outsourcing firms to perform loan underwriting and contract abstraction in real time.