American MNC and database giant Oracle has announced that it has selected 18 new start-ups for its “Startup Cloud Accelerator” programme in India. Launched in 2016, this is the 4th consecutive batch in Bengaluru, where Oracle’s global startup program was first piloted successfully, and the second consecutive batch in Delhi and Mumbai.
These newly selected startups are actively using modern technologies such as Artificial Intelligence and Machine Learning (AI/ML), chatbots, big data and predictive analytics, and automation. The startups hail from diverse industry sectors spanning travel, hospitality, micro finance, marketing, employee benefits and rewards services, supply chain management, cyber security and power distribution.
Run by the members of Oracle’s research and development team, the startup programme provides mentoring, co-working space, access to Oracle customers, partners and investors and free Oracle Cloud credits.
Below are the list of selected 18 Indian Startups — 6 startups each from Bengaluru, Delhi and Mumbai batches –
Startups selected for Bengaluru batch
- Confirmtkt: A fast growing travel ticket search engine, providing seamless ticket discovery and a hassle-free booking experience, backed by a unique and efficient algorithm. In July 2015, ConfirmTkt raised Rs 75 lakh in an angel round from Pravin Agarwala, co-founder of BetterPlace Safety Solutions, and an undisclosed investor
- ITILITE: An integrated travel, expense and rewards management platform for corporates, offering increased efficiencies while simplifying employee lives
- LendFoundry: An end-to-end lending platform, helping digitize a lender’s entire loan lifecycle to deliver faster loans and also add new customer segments
- INCREFF: An end-to-end supply chain management solution for the fashion industry, improving inventory efficiency of brands and retailers through data backed intelligence
- XOXODAY: An experiential employee engagement, rewards, and loyalty platform for enterprises, improving employee morale and productivity
- Squadcast: An incident management platform focused on helping tech teams accelerate innovation and iterate faster
Startups selected for Delhi batch:
- Threatcop (Kratikal): An end-to-end cyber security solution provider
- Mobisy: Real-time analytics platform for brands to improve sales automation and distribution
- VdoCipher: A secure video streaming solution for businesses looking to monetize videos
- HeyMojo: An AI enabled marketing automation platform driving zero commission bookings and orders for the hospitality industry
- Notify Visitors: AI and ML powered personalized customer engagement and messaging platform that automates notifications on web and mobile apps based on visitor behaviour
- Advantage Club: A data driven employee engagement platform providing corporate discounts and facilitating rewards and recognition. The startup, which is based out of Gurgaon, has raised $300,000 in a funding led by Axilor Ventures, in January this year.
Startups selected for Mumbai batch:
- SustLabs: A big data and analytics company that reads and decodes real-time electricity consumption in your home, across appliances, by monitoring smart meter readings
- CredAble: A supply chain financing platform combining financing, analytics to enable financial institutions and corporate treasuries to buy and structure third party receivables dynamically
- I3 Systems: An automation platform powered by Machine Learning algorithms for insurance companies
- Eduvanz Finance: A new technology NBFC focusing on skill building and education
- Jubi AI: A conversational chatbots company, enabling deep deployments across channels for customers, helping them personalize customer experience and automate online sales
- RupeeCircle: A peer-to-peer lending platform connecting credit worthy borrowers with investors looking for high returns on their investments. The startup has recently raised ₹4 Crore from Mahindra Finance
Harshad Oak, Senior Director, Oracle Global Startup Ecosystem, said, “With Indian start-ups making global strides, Oracle’s enterprise-grade cloud platform is a natural choice for them to be able to scale rapidly, securely and cost effectively. We’re excited to have these trailblazers part of our start-up programme.”
The Oracle “Start-up Cloud Accelerator” has nine locations worldwide — Austin, Bengaluru, Bristol, Mumbai, Delhi, Paris, Sao Paulo, Singapore and Tel Aviv.
In February this year, Oracle launched a virtual startup accelerator programme called Oracle Scaleup Ecosystem, which is essentially a global non-residential startup programme, that will focus on cities outside the purview of its exiting residential “Startup Cloud Accelerator” programme.
In May, Oracle also signed a Memorandum of Understanding (MoU) with the government of Jharkhand to identify areas in which Oracle’s cloud-based technologies can be utilized to deliver improved citizen services. As a part of the MoU, Oracle will help the state government to improve its citizen services and attract IT startups to assist the state in improving its citizen services through e-governance.
Last month, Oracle has formally launched its much-anticipated blockchain service “Blockchain Cloud Service” generally available globally including in India. The service for enterprises, will help businesses build Blockchain networks to drive efficient transactions.
Via – Economic Times