Sequoia Capital India and Southeast Asia has announced the 15 startups it has selected for its seventh cohort.
In the year Since its launch in March 2019, the accelerator has helped startups raise more than $1.7 billion in series funding, according to the venture capital firm, with more than 60% of companies raising Series A and beyond among the first five joint ventures.
The Surge program, which has supported more than 250 startups, initially wrote checks of about $1 million each to startups, but has since increased its funding to $3 million. Some notable startups from previous Surge Cohorts include Doubtnet, Scaler Academy, Khatabook, Bijak, Classplus, Hevo Data, Juno, Atlan, BukuKas, Plum and Apna Club.
The new group includes startups trying to simplify workflows and introduce tools to solve big challenges, including climate change.
According to Sequoia, the team includes startups that have been collaborating without a product, as well as those run by repeat founders and entrepreneurs with extensive experience in their respective fields. These founders include the former CFO of fashion e-commerce platform Naika, machine learning engineers who worked on meta-speech AI, and Uber’s first engineers in India.
“We continue to be deeply impressed by the ambition and diversity of ideas and the caliber of founders with each team. Surge 07 is no different. We’ve partnered with all of our companies in the early stages of company building, half of which are early stage startups,” said Sequoia India and Southeast. Asia and Surge Managing Director Rajan Anandan said in a prepared statement.
“Our founders bring a wealth of experience and creativity, and we believe that these dreamers, innovators and innovators have the potential to change the future of our region and the world,” he said.
Most of the startups in the new group are being built for global markets and targeting audiences beyond headquarters. About half of those are in the U.S. and European markets, Sequoia said.
In the Seventh Surge cohort, founders go through a 16-week hybrid program to receive training and mentorship from industry veterans and top entrepreneurs.
Following is the list of starters in the seventh team.
- AttentionA vertical SaaS company is building a sales automation platform for US outsourcing contractors. (Information Edge Ventures is a co-investor.)
- Radiation It is building a one-click checkout solution that enables a seamless payment experience for sellers and consumers in Southeast Asia. (Partech Partners is a joint investor.)
- Boxes A design-to-build automation platform for architects, interior designers and construction companies is on the rise.
- Buyer’s assistant Mutual Success Plans (MSPs) help B2B revenue teams effectively align and collaborate with their buyers throughout the journey. (Spontaneous Ventures and Stellaris Venture Partners are co-investors.)
- ClearFeed It’s a collaboration platform that uses AI models to enable natural language ticketing on Slack and Microsoft Teams and provides seamless integration with ticketing tools like Zendesk, Salesforce, and Freshdesk. (8VC is a co-investor.)
- Both It uses AI to create custom videos at scale, empowering brands to build personal relationships with their customers. (He also received funding from Emergent Ventures.)
- Hatika It aims to provide engineering managers and leaders with visibility and insights to help them build productive and healthy engineering teams. (Kae Capital is an investor.)
- Meta school It says it’s preparing dApps for opportunities in the Web3 ecosystem by making it easier for developers to learn, build, and ship. (Luno, Global Ventures and Polygon Ventures are co-investors.)
- PixCap It is an animation platform that allows users with no design experience to create animations for 3D graphics, games, and designs. (Cocoon Capital and Entrepreneur First are co-investors.)
- Prateek brands At New Age, it plans to help Indian consumers improve their quality of life with better home and health products.
- Semai It is building a complete technology solution for Indonesia’s agriculture sector. (Beenext is a co-investor.)
- TrueFoundry It’s a developer platform that aims to help startups deploy and track machine learning (ML) models at the speed of big tech companies — in minutes or days instead of weeks or months. (Eniac Ventures is a co-investor.)
- Open the carbon It helps companies track and reduce their carbon emissions using the software. (Alpha JWC Ventures, Amasia, GFC, Rebel Fund, XA Network and Y Combinator.)
- Wiz It is a fintech company in Indonesia that aims to serve teenagers. (AC Ventures, Alpha JWC Ventures, Goodwater Capital, Ondine Capital and Y Combinator also backed the startup.)
A rookie in the group is currently in a stealth position, but has announced that he is working on a travel position.
