Indian startup accelerator, Kyron Global Accelerator has announced its third batch of start-ups with a focus on enterprise, travel and digital media products. Two of its portfolio companies Scandid and Teritree Technologies had raised funding this year and a third – Bookpad Inc. was acquired by Yahoo.
“Based on our recent successes, we will continue to focus our startup companies on fundraising and in delivering business growth,” said Lalit Ahuja, Founding Partner of Kyron Global Accelerator.
In an interaction with TechCircle, Vikram Ahuja, partner of Kyron had told that it was looking to launch a new fund with plans to invest in 500 start-ups in five years across six emerging markets.
Founded in 2012, Kyron offers up to USD 30,000 in funding in return for 6-10 percent equity stake and focuses on early and growth stage tech startups using emerging platforms such as mobile, social, cloud, travel, education, financial services and media.
Here is a brief description about the selected start-ups:
Cubito: A transportation logistics automation startup, infusing intelligence into business processes involving transportation.
Xpense Manager: A cloudapps Software as a Service company addressing traditional problems in areas of business productivity and finance domain by devising applications which are user centric and user focused than process driven.
Eywa Media Innovations: Eywa Media is a product that aims to make TV watching interactive and fun. They are working with leading broadcasters in India.
Viamagus: Viamagus’ cloud based tools help user to build websites and portfolios, blogs, Email/SMS Campaigns, landing pages etc., in a code-free and fully hosted manner.
Cashkumar: An online platform which provides better rates for foreign currency exchange in Bangalore, Mumbai and Pune.
Adwyze: A marketing optimisation platform which allows marketers to improve the performance of their marketing budgets.
Image Source: Kyron’s Website