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Graviton, one of Indias leading web3-focused accelerators, has unveiled a brand new list of teams that have been accepted into the second edition of its coveted 16-week program. This much-awaited disclosure comes nearly a month after the syndicate-backed fund stopped accepting applications, and was preceded by a nationwide hunt for builders, including a 2-month national roadshow across New Delhi, Pune, Chennai, Hyderabad, Kochi, and Bangalore.
Last year, Graviton announced its maiden portfolio of teams that were building for web3 infrastructure tools, DeFi, payments & rewards, real-world asset tokenization, and GameFi. Their inclusion in the cohort translated into an average seed investment of $42,000 per team, alongside a carefully curated combination of 1:1 technical workshops with mentors in business, web3 tech fundamentals, security, marketing, sales, and fundraising. One unique advantage that the Graviton-backed crop of teams had, was that they received hands-on feedback & training in terms of refining their fundraising efforts, directly from VCs who are a part of the Graviton capital network. This includes the Hashkey group (A leading force in Asias web3 investments), NGC Ventures, Moonrock Capital, and many others.
A globally simulcast Demo Day & a series of targeted outreach campaigns at the end of the program elevated the visibility of Graviton-backed startups, resulting in quick closures of the follow-up funding rounds for these teams. Notably, Fetch.xyz raised $1.5Mn in a pre-seed round led by Hashkey. The GameFi team in question was wholly acquired by a global player, and the other teams (Spydra, Zoth, etc) are on their way to completing & announcing their respective venture funding rounds.
We were excited then, and were positively thrilled now, quips Graviton CEO Arpit Nik, who floated the idea of launching an India-focused accelerator during his time as a General Partner in a global web3 fund. Weve always believed in the potential of investing in and then grooming some of Indias strongest founders, and the results have perpetually yielded fascinating, high-quality products that make the Indian ecosystem proud. He refers, of course, to the pedigree of founders such as Manish Tewari, Pritam Dutta, Mandar Ray, and many others who have graduated from the Graviton stable.
Huddle01 seeks to enable powerful projects and teams around the world operate at scale through its celebrated and completely decentralized video conferencing infrastructure, and through Graviton, the platform will continue to have exposure to, as well as fuel both 1:1 and 1:many sessions between Gravitons mentors and folks building some of the most potent next-gen web3 infrastructure. Additionally, they will have a first-access viewpoint of the progress of the teams in the cohort, in the build-up to a global Demo Day in winter this year.
Enabling collaboration and innovation is at the heart of what we do at Huddle01. Excited to be joining forces with Graviton for the second volume of their Accelerator Program and act as a catalyst to help propel such innovative ideas forward. We're not just providing a platform for video meetings; we're fostering a community where early-stage startups can thrive, adds Ayush Ranjan, Co-founder & CEO at Huddle01.
This year, the competition was way tougher, with global attention glued to bull market movements in the space. Newer teams, technology stacks and collaborations have emerged since we last went out scouting for projects. More than 500 applications came in, and the teams that have made the final cut, were subjected to extreme scrutiny. We look forward to the growth journey that lies ahead! remarked Shomprakash Sinha Roy, who runs point on brand storytelling, and personally met applying projects during the India Blockchain Week, and the subsequent national tour (#BlockchainYatra).
Meet the Second Volume of Graviton-backed startups
Nexity Network, led by founder Catalin Fetean, is revolutionizing the business landscape. With a background spanning engineering, sustainable development, supply chain, customer experience, and design, Catalin drives innovation. At Nexity, he champions blockchain and circular economy principles, shaping TradeFi, a groundbreaking platform automating operations, reducing risks, and providing real-time global trade insights.
Ultimate Digits Inc., founded by Atharva Sabnis, pioneers Ethereum Phone Numbers for Web3 Identity and Smart Contract-based Telephony. Their platform transforms your phone number into your crypto wallet's address, offering virtual Web3 phone numbers for privacy, starting with the unique +999 country code, as NFTs. Ultimate Digits also provides decentralized VOIP, Web3 transaction alerts over text, and multi-factor authentication, making it a comprehensive solution for Web3 communication needs.
The next Graviton-backed team is Evolv Art, founded by Madhav Khandelwal, is a visionary venture poised to redefine digital engagement. Madhav's journey began in 2018, crafting web3 products for renowned projects like CoinDCX and Carbon Protocol. At Zilliqa, he was the Ecosystem Design lead, catalyzing the launch of 22 projects and nurturing 178 more, including the groundbreaking Zilswap and Zilpay.
In 2021, Madhav embarked on his entrepreneurial odyssey, founding the NFT sensation DeMons. Evolv Art is his latest brainchild, aimed at mainstreaming web3 technologies into everyday brand strategies. Evolv envisions a future where digital interactions are seamlessly integrated, benefiting both businesses and consumers. As a pioneer in this space, Evolv Art strives to drive ethical and sustainable practices, propelling a new era of digital innovation.
Quantlytica, led by co-founder and CMO Wesley Liao, is a fintech trailblazer revolutionizing cryptocurrency investment. Their AI-driven solutions cater to both retail and institutional investors, enhancing engagement and maximizing returns.
Over the next five years, Quantlytica aims to redefine DeFi, pioneering AI-driven investment solutions that transform how individuals and institutions interact with crypto markets. Their vision includes global expansion, diverse user adoption, and strategic partnerships within the crypto ecosystem. Quantlytica isn't just a platform; it's a beacon of financial empowerment in the Web3 era, prioritizing returns, APR, and protecting against potential losses.
The next Volume 2 inductee is Allocate Back, helmed by seasoned FinTech founder Rajesh K (A seasoned technology professional & 2X founder with20+ years in financial services, telecom, blockchain & cloud SaaS across APAC, Middle East & Europe, presently based in Singapore) and a team operating in stealth mode in Bangalore. Allocate Back is dramatically changing the dynamics of web3 RWA investing with an AI-enabled algorithm that pools capital into a Mother Token, dynamically drip allocating it to multiple Asset Backed Tokens across various RWA platforms globally.
Their Drip Investment & Drip Divestment strategy (patent pending), will significantly enhance liquidity in RWA Tokens while simultaneously reducing risk through diversification, and enhancing returns by dynamically increasing allocations to top-performing RWA Managers. Users pay only 15% of the profits, rather than a fixed management fee, making Allocate Back a flexible and lucrative investment platform for the Web3 era.
Other Graviton-led investments in the current season include Gameland, which focuses on incentives and payments for data, modules & compute resources, as well as Stake n Bake, an omni-chain GameFi platform that allows its users to farm virtual cannabis in a world that is becoming increasingly observant of marijuana legalization laws, supported by farming yields in its native $BUDS token, an expectant bull-run champion.
Source:
Huddle01
Contact Details
Colin Landers
Company Website
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Huddle01
COMTEX_449478530/2655/2024-03-19T02:35:34
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