We Founder Circle’s EvolveX accelerator has announced its plan to invest in 50 startups
- ByStartupStory | May 24, 2023
EvolveX accelerator, led by We Founder Circle (WFC), aims to provide funding for 50 ventures by the end of the year. This startup accelerator will offer investments ranging from $20,000 to $30,000 to early-stage startups during the seed stage, empowering them to secure up to $100,000 in funding throughout the program.
To date, EvolveX accelerator has invested $500,000 in startups, and it has ambitious plans to invest up to $1.5 million in 2023.
“Our unwavering commitment 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,” said Bhawna Bhatnagar, Co-founder, EvolveX. “We expect most of our accelerator companies to go on and build big, sustainable businesses, and we will continue to fund their future rounds.”
Since its launch in 2022, EvolveX has successfully conducted two cohorts, providing mentorship and funding to a total of 14 startups. In the current year, this startup accelerator has set an ambitious target of organizing four cohorts, supporting a total of 36 startups. These cohorts cover a wide range of sectors, including edtech, automobile marketplace, electric vehicles (EV), direct-to-consumer (D2C) brands, software-as-a-service (SaaS), robotics, fintech, augmented reality/virtual reality (AR/VR), agritech, martech, and healthtech.
In its initial cohort, EvolveX supported a total of six startups, namely Uma Robotics, Student Ink, OLL, Motozite, ParkMate, and Humours Tech. The second cohort consisted of eight startups, including EV India, The Energy Company, UCliq, MetaBook XR, MeriGarage, Get Plus, PrintBrix, and WildLeaf. Continuing its successful journey, EvolveX included seven startups in its third cohort, namely Krishivan, DeltaFour, Himshakti, HealthQ Rehab, My Era, Nikol EV, and Rupid.
Additionally, the program provides startups with a supportive community where they can gain insights from fellow entrepreneurs, develop customized growth strategies based on their unique requirements, receive guidance in obtaining infrastructure for future funding rounds, and tap into EvolveX’s vast network of angel investors on a global and local scale.
“With EvolveX, We Founder Circle has broadened its impact at pre-seed and 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 and business support,” said Neeraj Tyagi, Co-founder and CEO, We Founder Circle.
The accelerator platform has a global outlook and actively seeks out promising startups from various parts of the world, not limiting its scope to Indian startups alone.
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