Coimbatore-based Amrita University’s Technology Business Incubator (TBI) has selected five startups from its annual PitchFest programme for seed investment, reported VCC. A total of $350K will be invested in the startups by TBI.
This was the fifth edition of the programme and the five startups were shortlisted from a pool of 720 firms. Krishnashree Achuthan, chief executive of TBI said the total investment amount has been increased from $200,000 to $350,000 this year.
“The quality of startups which participated this year has been amazing even though the startup climate is a bit dampened currently,” Achuthan said.
Below are the shortlisted winners:
Cookifi: It helps people discover and hire chefs. In June 2016, the startup raised seed funding from a cluster of investors.
Swasti Agro & Bioproducts: Swasti develops preventive ‘vaccines’ for plants to save them from various diseases, thus enabling farmers to avoid crop loss.
Bizbee: The startup offers business process automation software to small and medium businesses (SMBs) and enterprises. Bizbee comes with a default list of over 100 apps that address the day-to-day business processes for firms across multiple industries.
Nextsky Technologies: Nextsky builds analytic software that provides brief technical insights about all operations and trends in an organisation.
MiQasa Home Automation: This firm manufactures wireless, affordable smart home solutions under the brand name QASA smart switch boards.