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GSF M-Accelerator announces new batch of eight mobile, IoT startups

GSF India’s
Mobile Accelerator Program began on the April 15 with eight startups that were
selected from a pool of more than 500 applications from across the world,
reports
YourStory.

GSF India’s
Mobile Accelerator Program began on the April 15 with eight startups that were
selected from a pool of more than 500 applications from across the world,
reports
YourStory.

GSF
M-Accelerator is a specialized accelerator program for mobile startups.
Functioning as a “super-accelerator” by design, GSF M-Accelerator
offers founders four months to make the kind of progress ordinarily
accomplished in six to eight months. GSF M-Accelerator is created in the image
of a hackathon.

Products pivot
several times as teams go through intense, often grueling Q&A sessions with
mentors and entrepreneurs in residence. The result of this accelerator is an
ecosystem created by the startups for the startups: a challenging, risk-taking
of product focuses teams, innovating in areas of mobile marketplaces, mobile
apps and mobile commerce.

The mobile
accelerator program will connect entrepreneurs to peers, mentors, advisors and
investors in India, Singapore, SF, Hamburg and Berlin. Startups will go through
a mentoring and coaching program starting with seven weeks in India, followed
by four weeks in SF, one week in Germany, and finally a week in Singapore.

According to a
YourStory report, the 14-week M-Accelerator program will provide the startup
teams an opportunity to interact with some of the brightest digital minds from
across the world. The startups will be mentored by a diverse group of
successful entrepreneurs and industry experts. They will connect with angel
investors, different seed and venture capital firms, through rigorous
workshops, one-on-one office hours, office visits and informal networking
mixer. GSF Accelerator provides support to the startups in five key areas:
product development (MVP), go-to-market strategy, global expansion, PR &
marketing and fund-raising.

Here are the
names of the eight startups selected for the batch:

 

  1. Joolz – A virtual mobile jewelry store,
    gathering top brands on a intuitive and interactive application. The company is
    led by experienced entrepreneurs from Israel with deep experience in the social
    application and jewellery markets, and is preparing to beta launch in India
    soon.
  2. NewsBytes – Started by IIT, IIM and Ivy
    league alumni, NewsBytes aims to reduce the information overload in your
    everyday news consumption. No lengthy articles, only contextual timelines; one
    byte at a time.”
  3. PocketAd – They are creating an mobile
    app-based social network for addictive casual games. It seeks to remove the
    friction of game discovery and downloads.
  4. TalkMore – A mobile app with a mission to
    simplify using mobile phones. It analyzes all calls, messages and data usage on
    the phone to recommend the cheapest mobile plans (saving up to 30%). The team
    comprises three IITians (Mumbai) with 10+ years of product experience each.
  5. Magictap – Offers a cloud based IoT
    platform that provides tools and services required to build smart mobile
    applications. Their solution combines mobile proximity technology and analytic
    platform to connect physical media to digital content via NFC and QR codes.
  6. Playselfie – A mobile camera app to share
    one’s story through selfies.
  7. Rentongo – An online and mobile
    marketplace for rental of goods such as motorbikes, scooters, bikes, adventure
    gear, furniture, appliances and more. The Rentongo platform is active in five
    cities – Bangalore, Pune, Delhi/NCR, Hyderabad and Mumbai.
  8. Townista – A mobile app Townista, which
    is currently focused in Bangalore and started by IIT Mumbai graduates, is
    building a platform for event organisers to reach out to youngsters with
    interesting and innovative last minute offerings.

 

So far, GSF
Accelerator has funded 33 startups in 3 batches since its inception in 2012.
Mobile companies in the GSF portfolio from earlier batches include Little Eye
Labs, Pokkt, Silverpush, Zapr, Timesaverz, Daily Rounds,Customize and
Airstream.

GSF Founder,
Rajesh Sawhney was quoted in the report as saying, “The selected startups have
diverse business models and target markets. However, the common factor between
all the startups selected for GSF Mobile Accelerator is their vision to build
compelling mobile experience. Ranging from a mobile commerce startup building a
marketplace for jewelers, to a mobile startup providing analytics to optimize
mobile phone usage, to another one developing an innovative NFC platform, for
mobile marketing, this cohort is set to establish new benchmarks in the mobile-
tech world.”

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