Adapting to a Covid-19 world, Y Combinator has announced the 197 startups for the newest remote round of its three-month incubation program.
Since its founding in 2005, Y Combinator has worked to provide startups with opportunities for growth through its startup accelerator. The program provides selected startups with mentorship, networking and opportunities for investments, among other benefits.
14 of the 197 startups are based in India including Mesh, Farmako Healthcare, inFeedo, Bikayi, WareIQ, Cradle, Zuddl, Decentro, MedPiper, SockSoho, Statiq, Eatable, Orange Health, and SuperTokens,
“The remote batch and demo day brought in two big advantages,” Chief Executive at Mesh, Saurabh Nangia said, as reported by Economic Times. “It provided more time to focus on business and traction. It also enabled a much bigger pool of venture capitalists and angel investors to attend the demo day, which simply wouldn’t have been possible in a physical setting.”
The startups selected for the Summer 2020 round range in sectors from healthcare, fintech, food and beverage, e-commerce, analytics, B2B, electric vehicles and video platforms.
26 countries are home-bases of startups in the current round being held by the Silicon Valley-based accelerator, with India being the third most represented. Y Combinator has previously invested in around 100 Indian companies and has incubated a total number of 2,500 startups internationally since its founding.
The program held its virtual demo day event virtually as well, through August 24th-25th, where startups were able to present their products and services to approximately 2,200 investors.
(Picture courtesy: Clusterinc.com)
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