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Accel and Prosus have selected six startups for their first joint venture in India, to support what they describe as “off-the-map” ideas – companies that are solving problems where markets are ill-defined and where progress is difficult to measure.
The inaugural collection includes healthcare, climate, space and longevity, reflecting a focus on science-led themes with long development timelines and uncertain commercial paths. The six startups were selected from more than 2,000 applications.
These are the selected startups:
Announce The companies said in October that the program aims to support startups outside the usual industry playbook, rather than those that are easier to finance.
As part of the program, Accel and Prosus co-invest in each startup, with Prosus matching Accel’s investment, and checks ranging from $500,000 to $2 million. Companies use a structure that minimizes early dilution for founders, with a portion of capital deferred so that equity is given up at a later stage.
The companies say the model is designed for startups with long development cycles. “They need time to achieve these milestones more than just capital,” said Pratik Agarwal (pictured above), partner at Accel.
These companies often follow a non-linear path, according to Ashutosh Sharma (pictured above, right), head of India ecosystem at Prosus. He added that progress depends on achieving major technical breakthroughs rather than steady growth.
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