Accel allows startups to learn from founders of Swiggy, CureFit, Urban Company, others; launches platform

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Updated: Aug 25, 2020 9:38 PM

The platform will have over 300 founders such as Freshworks’ Girish Mathrubootham, Abhiraj Singh Bhal from Urban Company, CureFit’s Mukesh Bansal, Portea Medical’s Meena Ganesh and more supporting and engaging with early-stage entrepreneurs.

Being an open platform, technology entrepreneurs can leverage the offerings free-of-cost and without any eligibility criteria.

Top tier venture capital firm in India Accel has launched an open-source resource hub called SeedToScale to help entrepreneurs scale up their ventures from the seed stage. The platform will collectively offer, first, knowledge in terms of blogs and podcasts from founders across different areas; second, a curated programme of founder’s choice that would offer masterclasses, peer-to-peer learning, coworking spaces; and third, events and programmes within the SeedToScale community for startups to join and partner.

Being an open platform, technology entrepreneurs can leverage the offerings free-of-cost and without any eligibility criteria. The platform will have over 300 founders such as Freshworks’ Girish Mathrubootham, Swiggy’s Sriharsha Majety, Abhiraj Singh Bhal from Urban Company, CureFit’s Mukesh Bansal, Portea Medical’s Meena Ganesh and more supporting and engaging with early-stage entrepreneurs.

“If you are a startup in India, you don’t know where should you go first and what should come to your mind. There is no one place to dive really in. We wanted to see if we can pull that all together. We want to democratize knowledge and make it available to everyone wherever they are. There are so many stages to building a startup and we are making these action playbooks for every stage. There are around 3,000 startups coming every year in India and we want to empower them with or without Accel being involved,” Anand Daniel, Partner, Accel told Financial Express Online.

Also read: Rs 3 lakh crore ECLGS: Over half of targeted number of MSMEs benefitted; 35% amount disbursed so far

The platform offers a programme called Founder Stack for SaaS and consumer technology startups to scale towards having product-market fit under two tracks — SaaS Stack and Consumer Tech Stack. Accel has already run a pilot for SaaS Stack “We had close to 500 applications out of which we shortlisted 10 startups because we were doing a pilot and wanted to get this right. Three of them are already funded by others, not Accel,” said Daniel.

Importantly, the platform is not an accelerator or incubator centered around helping startups raise funding. Also, there is no equity involved for startups to dilute while it would help not just Accel but others involved to have a great deal flow pipeline. “The platform is to share knowledge with everyone and once they become goods startups, either we or anyone of us in the ecosystem can look to fund them. It is about getting the foundation right,” he added. It also has a five-month programme called Rebound for second-time entrepreneurs wherein “incisive discussions, unmatched peer learning, and a framework to learn and unlearn” are offered according to the website. SeedToScale is currently focusing on technology startups consumer internet, enterprise, B2B, healthtech, and fintech areas.

Accel was started in 2005 in Bengaluru and has so far made 169 seed investments and worked with 340 founders of companies that have a combined market cap of over $50 billion currently, the VC firm said in a blog announcing the launch of the platform. Currently in its portfolio are startups including BookMyShow, BlackBuck, CureFit, Freshworks, Swiggy, Urban Company, and more.

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