Accelerating Asia invests into 10 startups as part of the Cohort 8 — Accelerating Asia
Summary
Cohort 8 startups have been able to successfully fundraise despite the overall funding downturn due to the strength of their growth revenue, as they boast a Gross Merchandise Value (GMV) of over US$57,000 per month and an average monthly revenue of over US$27,000.According to Co-Founder and General Partner Craig Dixon, this market traction is what separated the chosen ten startups from the wider pool of applicants.The new cohort comes into the portfolio with strong early revenue and fundraising traction in their local markets. Accelerating Asia looks forward to helping them leverage this early success to scale into larger geographies and fundraise from a larger suite of investors across the world, said Dixon.In keeping with Accelerating Asias mission of leveraging entrepreneurship to catalyze change, Cohort 8 startups are also making a social impact in their communities. This figure is also not swayed by a handful of outliers: 100% of the portfolio has raised outside capital.These investors are a whos-who of venture capital. Accelerating Asia portfolio startups count the likes of Sequoia Capital, Cocoon Capital, MDI Ventures, Wavemaker Partners, and Indonesia Women Empowerment Fund as their backers, in addition to top angel investors and networks.Some of these investors also choose to work with Accelerating Asia directly as a limited partner. Built from the ground-up to automate and expand your teaching business with the click of a single button!Fullfily (India, SDG 8, 11, and 13) is an electric vehicle based full-stack solution for intra-city deliveriesOn Demand Deals (Philippines, SDG 1, 8, 9, 10, and 11) empowers entrepreneurs to earn extra income from empty spaces by franchising ODD Stores, omnichannel convenience stores that can deliver in minutes.Sova Health (India, SDG 3) is Indias first full stack Gut Health company offering proprietary synbiotic supplements, gut microbiome testing and 1:1 nutrition coaching for conditions such as Acidity, Bloating, IBS, Hormonal Acne, Migraines, Anxiety and more.Proton (United Arab Emirates) is the MENA regions first & only insurance platform that helps insurance companies better risk portfolio through behavior based driving data and incentivizes insurance customers for good behavior.Sparklehaze (Singapore, SDG 9) provides enterprise-grade In-Room voice AI assistant for the luxury hospitality industry.WEGRO (Bangladesh, SDG 1, 2, and 8) provides end-to-end solutions for farmers connecting them with finance and buyers to sell their produce.