5 startups backed by India Accelerator raise around Rs 30 million from Angel Investors

By India Education Diary Bureau Admin Last updated Apr 29, 2020

New Delhi: Days after participating in the Demo Day organized by India Accelerator, five Delhi based Startups have raised close to Rs 30 million from various Angel Investors. These include Prithvi, DROR, The Knotty Tales, VAPP and FIO.

India Accelerator is a seed-stage accelerator program that helps startups grow by nurturing and mentoring them at various stages including providing peripheral services like Legal & HR. IA had organized a Demo Day for the startups in its program last month at Palm Town & Country Club, Gurugram.

Prithvi, a Noida based startup is in the business of providing cutting edge technology for AI/ML to Indian campuses and has received the maximum funding of Rs 10 million from various investors. Prithvi AI is the fountain head of the best and most cutting edge AI/ML work happening on campuses in India. Twice a year, we incubate life-changing visions to prototypes on India’s best campuses engaging students and faculty community to create a feed of deep trench start-ups into the ecosystem.

DROR, a Gurgaon based start-up is in the business of social networks and technology to create a safety network. DROR is designed using Human Centred Design technique and has raised Rs 45 Lakh from various investors.

The Knotty Tales, a Noida based start-up is in the business of complete wedding suite designed to curate vendors on one platform and has raised Rs 35 Lakh from various investors.

VAPP a Delhi based start-up works in platforms used for real estate and tourism industry and has raised Rs 35 Lakh from various investors.

FIO a Delhi based start-up is an entertainment hub with self-conceptualized events (IP owned) focused on fashion, lifestyle and entertainment and is the only platform to host international brands / designers. They have received a funding of Rs 75 Lakh from investors.

Ashish Bhatia, Founder & CEO of India Accelerator said, “It has been a great pleasure and a hugely satisfying experience to be part of these start-up’s journey. With every batch graduating & more and more founders joining the IA community, it takes us forward in our endeavour to create an institution that can play a remarkable role in the Indian start-up world. The funding that they have received is a reflection of the unique and distinguished products and services they bring to the economic value system.”