Overhauling Early-Stage Startup Investment in India: The Rise of Accel

Copy Of Prayank Swaroop
All VC firms have also grown increasingly focused on making early-stage investments in India in recent years and finding the next Flipkart at the seed stage. Accel has been trying to find the right fit for its early-stage accelerator program for nearly half a decade now. SkoobSkoob is a generative AI platform which is revolutionizing the way readers interact with books. More than 800 startups applied to be in Atoms 3.0, and about 300-400 applicants were AI startups. Swaroop said nearly two-thirds of all pitches focused on AI startups that sought to solve HR and marketing problems.

Accel India backs Nanonets to enhance AI-driven workflow automation

Nanonets Founders
Nanonets, which primarily targets the financial services sector, says its AI platform aims to improve the efficiency of these processes and make them cost-effective. The company’s AI platform uses machine learning architectures to analyze unstructured data from uploaded documents and extract useful information. Nanonets is not alone in the global market for AI-based workflow automation. Consistent revenue growth is one reason investors have been investing in AI startups despite the slowdown in global markets. AI startups in the U.S. receive the most investments, followed by companies in China, U.K., Israel and India.