TLabs, a startup accelerators and early stage seedfund for internet and mobile technology startups in India has started its Fall 2013 Batch of startups in the first week of August 2013. Aimed at nurturing and supporting the ideas and projects of Internet and Mobile entrepreneurs, this is the fourth batch selected last month. The batch consists of 9 high potential startups across various sectors ranging from retail to healthcare to media with founders coming from all corners of the country. These start-ups will go through an intensive schedule over the coming couple of months to build foundations of a sustainable business.TLabs For the first time ever, an accelerator in India has admitted ventures – two in this case, “News in Shorts” and BetaGlide – that are made up of founders currently enrolled in full-time programs at IITs in Kharagpur and Delhi.
With this batch, the two year old accelerator - an initiative of Times Internet , takes its portfolio count to 23. TLabs truly believes in working closely with the startup founders in order to help them build sustainable and scalable businesses. Abhishek Gupta, Head TLabs added that “The number and quality of startups is growing, we received a lot of good applications from students and young professionals, the young technical talent today prefers to startup rather than taking up a job or moving abroad. We are helping them on their journey of building a company.”
On this occasion, Satyan Gajwani, CEO, Times Internet , said," There are lots of entrepreneurs starting up in India now and I feel the idea of start-ups being a ‘mentality’ rather than a concept. The challenge that runs ahead of every entrepreneur is to prove the proposition by convincing people. TLabs provides the edge over other start-ups right from the beginning as our goal is to support entrepreneurs as well as the entire innovative ecosystem to unlock the maximum value".
TLabs acknowledges the support of NASSCOM for providing access to excellent startups through its 10,000 Startups initiative. About half of the startups in the current batch connected to TLabs during NASSCOM’s Pitch Sessions held across the country earlier this year.
Below is a brief description of the startups that constitute the Fall 2013 batch of TLabs:
JiffStore is a mobile commerce platform that helps supermarkets to sell grocery online. This allows end customers to shop conveniently using their mobile phones while enabling store owners to increase customer loyalty and sales.
Vozeal is a self-serve platform that helps video advertisers expand their reach through a network of publishers. While brands get more views on their video, the publisher can monetise content through an additional channel.
News in Shorts (NIS) is India’s first mobile service which delivers latest news summarized within 60 words. NIS hand-picks the most popular stories from various sources and provides snippets on mobile and web, enabling users to get updated about the latest events within seconds.
Labforth is a highly cost effective and easy to use laboratory information management and marketing platform. It provides diagnostic centres a flexible and secure cloud based system, for end to end lab and personnel management.
BetaGlide is a mobile app testing platform that allows developers to gather information in real-time about the system usage and the behavior of their app to improve its stability and performance.
Yippster is a patent pending technology that provides digital content providers an additional payment method through telecom operator billing. The user experience is seamless, integration is easy and transactions are highly secure.
Sponsored Giveaways is the world's first marketing platform that connects advertisers with bloggers to promote their products or services through non-cash giveaways on blogs.
GetMeAShop enables offline businesses create an online storefront while providing them with an easy to manage suite of marketing tools, a basic ERP and a CRM straight out of the box.
VindowShop is an image recognition platform through which a user can search and buy apparel by simply clicking on pictures shared online.
Congratulating the new batch, Mr. Som Mittal – President, NASSCOM said – “This is a vibrant mix of startups which are solving complex problems. We are delighted that some of these companies have been chosen from the 10,000 Startups application process. We would continue to support these companies by collaborating with TLabs to create more opportunities to ensure their success.”
TLabs, an initiative by Times Internet and runs a structured and highly intensive four-month mentoring program for startups. It also offers a funding of INR 10 Lakh, a co-working space and a host of other benefits from prominent tech partners, to the startups it accepts in the program.
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