Axilor Ventures inducts 20 startups in its fifth accelerator batch

BENGALURU: The startups span across five sectors - consumer internet, enterprise, artificial intelligence, healthcare and fintech. Axilor, whose programmes include accelerator, scale-up, and early-stage funding, counts Senapathy 'Kris' Gopalakrishnan and SD Shibulal of Infosys, among its founders.

"The institutional capacity to support early-stage startups in India is quite low -whether it is the structured programme to systematically improve the odds of success of startups, the market access that they need in their early days, or the angel investment capacity. This has been Axilor's mission and by doubling the capacity of this batch to 20 startups we have taken one more step to bridge these gaps," said Ganapathy Venugopal, CEO, Axilor.

The batch consists of four startups in the consumer internet space, six in the enterprise sector, four in artificial intelligence, three in healthcare and three in fintech. "Unlike the previous batches, most of the startups are post launch and some of them post-revenues," said Asutosh Upadhyay, Head of Programs at Axilor.