New Delhi: EvolveX accelerator, a startup accelerator spearheaded by WFC, a prominent early-stage startup investment platform led by a global community of successful founders and strategic angels, has announced an ambitious target to transform the startup ecosystem with investments in 50 game-changing ventures by year’s end.
The flagship accelerator will fuel deserving early-stage startups with USD 20-30K seed funding and empower them to raise up to USD 100K during the program. To date, EvolveX has invested a substantial sum of half a million USD in startups, and the accelerator has set an impressive goal of investing up to USD 1.5 million through its EvolveX program in the year 2023.
“We at EvolveX Accelerator are thrilled to embark on a transformative journey, propelling the startup ecosystem to new horizons. Our unwavering commitment to investing in 50 game-changing ventures by the end of this year reflects our belief in the power of innovation and entrepreneurship. Through our comprehensive support system, including substantial seed funding, access to seasoned mentors, and a thriving community. We expect most of our accelerator companies to go on & build big sustainable businesses, and we will continue to fund their future rounds.” said Bhawna Bhatnagar, Co-Founder of EvolveX.
EvolveX started its journey in March 2022 and completed the year with the closure of its 2nd Cohort. In its first 2 Cohorts, EvolveX mentored and funded 14 startups. In the year 2023, EvolveX has set its sights on a total of 4 Cohorts, encompassing a total of 36 startups. In the running year, it already successfully completed Cohort 3 in April 2023. The fourth Cohort is set to commence in June 2023.
“With EvolveX, We Founder Circle has broadened its impact at pre-seed & seed-stage startups. The idea is to give funding visibility to early-stage entrepreneurs from pre-seed to up to angel rounds along with active mentoring & business support,” said Neeraj Tyagi, Co-Founder & CEO.
The breadth of industries covered in these Cohorts encompassing EdTech, Automobile Marketplace, Electric Vehicles (EV), Direct-to-Consumer (D2C), Software as a Service (SaaS), Robotics, FinTech, Augmented Reality/Virtual Reality (AR/VR), AgriTech, MarTech, and Health Tech.
In Cohort 1, a total of 6 startups were covered, including Uma Robotics, Student Ink, OLL, Motozite, ParkMate and Humors Tech, followed by eight startups in Cohort 2, including EV India, The Energy Company, UCliq, MetaBook XR, MeriGarage, Get Plus, PrintBrix and WildLeaf. In its 3rd Cohort, EvolveX included seven startups as Krishivan, DeltaFour, Himshakti, HealthQ Rehab, My Era, Nikol EV, and Rupid.
It’s noteworthy that EvolveX is not limited to Indian startups alone; the accelerator is actively seeking out promising startups from around the globe. This global outlook ensures that EvolveX remains at the forefront of innovation and taps into diverse entrepreneurial talent. The program also offers a vibrant community where startups can learn from their peers, a meticulously crafted growth roadmap tailored to their specific needs, assistance securing infrastructure for future rounds, and access to EvolveX’s extensive global and local network of angel investors.
With its ambitious plans, robust support system, and global perspective, EvolveX Accelerator is poised to redefine the startup landscape and propel 50 game-changing ventures to unparalleled heights by the end of this year.