The six startups are all from different industries and the founders have diverse backgrounds. Founders joining the program are Rajat Singhania (SocioRac), Aanan Khurma (Wellversed), Bharat Parashar (The Cultor), Mohammed Riaz (Xtracap), Dhiraj Nauhbar (DROR), and Ayush Jain, (Xane.ai), who are the first members of this club.
With support from strategic partners like Confederation of Indian Industry (CII), 100Open Startups and the government of Israel, startups in the program will get access to corporates and mentors. Founders Club has also partnered with a number of corporate partners like J&J Vision, Macquarie Bank, Munjal Auto to create a competitive advantage with access to key decision makers, sales channels, potential funding, mentoring and software platforms. Technology partners like Freshworks, NVIDIA, Segment, AWS, SAP Labs, PayU, Open, Spotdraft and venture builders like Favcy, will provide support to the startups, while their International partners in Israel, UAE, Singapore, Europe, and the UK, will help startups looking to expand.
Founders Club received more than 200 applications across different sectors and selected six.
SocioRac provides a solution disrupting the way information is saved, managed and shared on electronic devices through its mobile application, HyLyt. The Cultor is a club for artists, designers, and other creators to network and collaborate digitally, offering a range of services including a mentoring platform, masterclasses, jam sessions.
Xtracap Fintech business model helps move small businesses in small towns from unorganized to organized environments by enabling access to on-demand liquidity and technology applications.
Safety-tech startup DROR is a platform that provides Covid compliance solutions to enterprises such as social distancing score, effective time stamp based contact tracing, vaccination tracking & occupancy management solutions. Xane.ai, the B2B SaaS platform uses artificial intelligence (AI), computer vision and Natural Language Processing to help organisations create personalised user experiences.
Wellversed is a nutrition brand that enables wellness outcomes by an integration of wellness plans, high nutrition food and dietary supplements.
The startups also get funding opportunities through an in-house angel network called the Circle of Angels, comprising senior corporate executives, HNIs, and entrepreneurs, to co-invest in and mentor start-ups. It announced its first round of fund-raise totalling Rs 25 crore last month.