This article is from WeChat official account:Momentum Ventures (ID: MomentumWorks)< span class = "text-remarks">, author: Yusuf, original title: “Sequoia accelerator released the fourth installment of selected India / Southeast Asia project”, the title figure comes from: vision China
Mo Teng mentioned earlier that Sequoia India, which also covers Southeast Asia, enters early incubation/acceleration. Not only does Sequoia play a number of accelerators/incubators in the pavilion area, but Sequoia, which covers all stages of venture capital, also enables many VCs in Southeast Asia. Feel the pressure.
Recently, Sequoia India announced the fourth batch of SURGE start-ups selected for its accelerator program. The new batch of companies joining the SURG project covers 17 companies in consumer online education, online medical care, SaaS, developer content communities, B2B and other fields (Three of them are at the confidential stage). Together, these companies have raised approximately $45 million in start-up capital.
Sequoia is an investor in the unicorns Gojek, Traveloka and Tokopedia in Southeast Asia. It is also the exclusive chief sponsor of the “quasi-unicorns” Zilingo and Carousell-but neither of them has such a good life. However, Surge is said to be really a good thing-some friends of Mo Teng have participated in the previous projects, and they all said that they thought it was to take Sequoia’s money to go to the scene. After participating, they said “really worth it.”
Let’s take a look at which startups SURGE has bet on at the end of this special year of 2020:
1. Aampe
From left to right are Paul Meinshausen, Sami Abboud, Schaun Wheeler
Aampe was founded in Singapore in 2020 by Paul Meinshausen, Sami Abboud, and Schaun Wheeler, and is committed to using SaaS services to transform customer communication into a growth engine. And can act as an automatic test tool, allowing each customer to achieve personalized messaging.
2. Epsilo
Founder Chen Guang and Fan Heng
Epsilo is a SaaS company founded in 2019. The company is located in Vietnam and Singapore, and provides advertising services for e-commerce merchants and various products on the online retail platform in Southeast Asia. This is the only start-up company from Vietnam in the group of SURGE.
3. Hashnode
Founders Sandeep Panda and Syed Fazle Rahman
Hashnode is a blogging platform that helps developers and teams create blogs and share them with the wider developer community. It was founded in 2016 and was selected as the Sequoia India accelerator SURGE in June this year. The headquarter is located in Dover, the capital of Delaware. The two founders are Sandeep Panda and Syed Fazle Rahman both from (the capital Bangalore) of Karnataka, India.
4. Kyt
Founders Bhavik Rathod and Tripti Ahuja
Kyt Propaganda is the world’s first online education platform for children’s extracurricular learning. Compared with traditional teaching platforms, it pays more attention to the cultivation of interests and life skills outside the classroom. Founded by Bhavik Rathod and Tripti Ahuja in 2019, they are headquartered in Bangalore and Singapore respectively. They were selected as the SURGE accelerator project in September this year.
5. Lambatest
LambdaTest is a testing infrastructure company that allows users and developers to manually and automatically test their websites and web applications on more than 2,000 different browsers, browser versions and operating system environments. It was founded in San Francisco, USA in 2017 by Asad Khan and Jay Singh.
In September, he was selected into the SURGE accelerator project by Xiangzhong.
6. Let’s Dive
Founders Nitesh Agrawal and Om Prakash Shanmugam
Let’s Dive, as a SaaS platform, provides a social space for remote teams. It can strengthen cooperation and establish cross-cultural communication by enhancing the connection between remote teams. The project is temporarily in the pre-launch stage.
7. Mod.io
mod.io is a start-up company from Australia, founded by Scott Reismanis and Patrick Sotiriou. The cross-platform mod management API software provided by the company can help game studios increase the attractiveness of their games to players, enhance the scalability of the game, and help game developers build platform-independent in-game user-generated content.(UGC) community.
8. Otoklix
Founders Martin Reyhan Suryohusodo, Joseph Alexander Ananto and Benny Sutedjo
Otoklix, founded in 2019, is digitizing Indonesia’s automotive aftermarket by providing online to offline solutions for automotive services. Committed to eliminating information asymmetry in the Indonesian automotive aftermarket through market standardization. Headquartered in Jakarta, the capital of Indonesia.
9. Pagarbook
Founders Adarsh Kumar, Arya Adarsha Gautam and Rupesh Kumar Mishra
PagarBook is a mobile application for statistics and management of salary and company employees. It aims to promote the digital management of human capital of Indian SMEs. It was founded in 2019 and is headquartered in Bangalore, India.
10. Plum
Founders: Abhishek Poddar and Saurabh Arora
Plum is an insurance provider, founded in Bangalore, India in 2019. Committed to providing more comprehensive and affordable health insurance services for small businesses and middle class in India.
11. Richpanel
Richpanel is an e-commerce customer service platform, specifically designed for e-commerce merchants, using big data to provide e-commerce consumers and merchants with a better buying experience. Founded by Amit RG and GDJ Dorai in San Jose, California in 2018, it also has a branch in India. GDJ Dorai has more than ten years of work experience in eBay before, and the age difference between the young and old founders is estimated to be the largest among the startups selected this round.
12. Shipsy
Shipsy is a SaaS company that can help customers achieve end-to-end logistics management across multiple modes of shipping, air, and road transportation. It was founded in 2015 by Dhruv Agrawal and Soham Chokshi. It is headquartered in the orphan post in India, which everyone is familiar with, and has a branch in Mumbai.
13. Studyroom
The learning room, as an online education platform, creates customized learning plans for educators such as students and teachers, and provides a variety of online teaching solutions. It was founded in Bangalore in 2020 by Ashish Ranjan and Suhail Abidi.
14. Tazapay
Founders Arul Kumaravel, Rahul Shinghal and Saroj Mishra
Tazapay is a cloud-based trade management platform that provides data management and protection for SMEs’ cross-border trade. For example, protection of payments through escrow, formalization of trade agreements through digitally signed agreements, and risk assessment of transaction parties. The company is headquartered in Singapore. The project is still in the pre-launch stage.
15~17. Confidential item
Three projects are in the confidential phase (stealth mode), respectively in the areas of digital health, social and sales communication SaaS.
Summary
Compared with the participation of many early Southeast Asian start-ups, this time SURGE has clearly shifted its focus to India. 10 of the 14 exposed projects are from India, and only three are from Southeast Asia. This time, we pay special attention to the online education, online healthcare, and SaaS industries that serve e-commerce and logistics services that are driven by the epidemic.
In fact, just know it, and there is no need to interpret too much. Sequoia India is not bad for money, but in order to continue to get capital ammunition, the growth and performance pressure of the founders of these more than ten companies is estimated to be a lot.
Go all the way.
Surge website: https://www.surgeahead.com/startups/#surge-4
This article is from WeChat official account:Momentum Ventures (ID: MomentumWorks)< span class = "text-remarks">, author: Yusuf