Seedstars World, the largest seed-stage startup competition for emerging markets and fast-growing startup scenes, brought its India round to a successful close during Seedstars Delhi. The event took place this Monday 3rd of June, at Amazon Web Services, and 8 selected startups were invited to present their companies in front of the local jury panel.
The local winner, Probus Smart Things, digitizing distribution grid and improving 2-3% annual efficiency of their network through an integrated IoT platform based service, was named “Best Startup in India” for its innovative sustainable solution. “It was very exciting to take part in the competition. It was very well organized and only curated startups were selected. Thank you for giving me this opportunity as we will get the exposure to meet potential international partners, investors that would help us scale up geographically. Thank you Seedstars.”, explains Rahul Mishra, Co-founder & COO at Probus Smart Things.
As a part of the prize,Probus Smart Things will be participating at the Seedstars Asia Summit and get a chance to go to the Seedstars Summit, which takes place in Switzerland, in April 2020. It is a week-long training program, with the opportunity to meet the 65+ winners from other fast growing economies, as well as investors and mentors from around the world. The final day of the Summit is dedicated to pitching in front of an audience of more than 1000 attendees, with the possibility of winning up to USD 500,000 in equity investment and other prizes.
Remedo, with its patient engagement platform that grows doctor practices and changes clinical outcomes for chronic conditions, came second and Agrowave, with its solution to optimize fruits & vegetables supply chain by connecting farmers directly to business using data driven technology, grabbed the last spot in the top 3.
The other startups invited to pitch were The Knotty Tales, Farmton Agro Services, Cogniable, Sensegrass and FitPhilia. They all win 1-month access to the Investment Readiness Program, a non-time bound and data-driven acceleration program focused in boosting tech startups looking to get ready for fundraising.
After this stop at India, Martin Courtinat, Associate for Asia at Seedstars, says “We were looking forward to coming back to India to find promising startups after Wobot won the innovation prize last April at the Seedstars Summit and we were not disappointed! The selected candidates all had high quality, impact focus projects and we are happy to continue to support them with the Investment Readiness Program and take them to the next level.”
Continuing on its world tour of fast-growing startup scenes in emerging markets, Seedstars World’s next stop is Seedstars Manilla 2019 organised in partnership with IGNITE, to select the best startup in the Philippines. Seedstars World is looking for smart startups that solve regional issues and/or develop profitable products for the global market. Startups are invited to apply here: https://www.ignite.ph/, until Friday 7th.
The event was also supported by AWS, Ingenious Faces, StartupsClub, Chatur Ideas and Nexus and CoWorkin.
“They tried to bury us, they didn’t know we were seeds.” – Mexican proverb
Seedstars is a Swiss-based private group of companies with a mission to impact people’s lives in emerging markets through technology and entrepreneurship. The groups’ activities cover over 80 emerging ecosystems through a variety of events such as the Seedstars World Competition, acceleration programs, physical hubs called Seedspace, venture capital investments and company building activities.