Axilor Ventures

Axilor Ventures

Type	Private limited company
Industry	Venture capital Accelerator
Founded	November 18, 2014
Founders	S.D. Shibulal, Kris Gopalakrishnan, Srinath Batni, Tarun Khanna, Ganapathy Venugopal
Headquarters	Bangalore, India
Number of locations	1 office J.P. Nagar
Key people	S.D. Shibulal, Kris Gopalakrishnan, Srinath Batni, Tarun Khanna, Ganapathy Venugopal, Payal Shah, Udhay Shankar N
Products	Investments, 100 day accelerator program
Number of employees	1-10
Website	www.axilor.com

Axilor Ventures is a new generation platform for supporting early stage entrepreneurs. Founded by S.D. Shibulal, Kris Gopalakrishnan, Srinath Batni, Professor Tarun Khanna and Ganapathy Venugopal. Through its programs which include Accelerator, Scale-up and Early Stage Funding, Axilor aims to support early stage entrepreneurs and improve their odds of success. It is currently based out of India with its headquarters in Bangalore.^[1][2][3][4]

History

Axilor was founded with the vision of improving the odds of success of entrepreneurs in their first 24 months. The three programs – Accelerator, Scale-up and Early Stage Funding programs – are designed to improve the odds of success of entrepreneurs in the early stages of their startup journey.^[5] Axilor incubates startups operating in the e-commerce, healthcare, life sciences, sustainability and clean technology spaces focussing on scalable, disruptive and technology-led business ideas from budding entrepreneurs and experienced professionals.^[6] The first batch of the program commenced in the first quarter of 2015.^[7]

Programs

Axilor's Accelerator program, is a 100-day program for early stage entrepreneurs. The start-ups receive working space, advice, and connections without any equity dilution during the 100-day program. Axilor has a framework that helps entrepreneurs improve their odds of success. This is focused around the following areas: launching the startup the right way, access to the right capital at the right stage, dedicated mentorship, access to the Axilor peer community of entrepreneurs, and a series of masterclasses from industry experts to help learn how great startups are built and what mistakes to avoid. As of April 2016, 19 startups have gone through the accelerator program including PlaceOfOrigin,^[8] LetsPool, StoreWalk, Awesummly, Peersome, Perapy and many others. . In addition, Axilor also invests between INR 30 lakh and INR 6 crore ($50,000 and $1 million) each in startups as part of the Scale-up and Early Stage funding programs. As of April 2016, 5 startups have been funded including Murgency,^[9] Eventshigh, Petoo,^[10][11] Sellerworx,^[12] and EasyFix.^[13]

People

Axilor was founded by S.D. Shibulal, Kris Gopalakrishnan, Srinath Batni, Professor Tarun Khanna and Ganapathy Venugopal with Kris as its Chairman and Ganapathy as the CEO.^[14][15] Udhay Shankar leads the Accelerator program and Payal Shah heads investments at Axilor.

References

1. "Infy co-founders launch startup incubator Axilor Ventures - VCCircle". vccircle.com. Retrieved 6 May 2016.
2. "Axilor Ventures". vccircle.com. Retrieved 6 May 2016.
3. "Infosys co-founders launch Axilor Ventures to support entrepreneurship, innovation - Franchise India". franchiseindia.com. Retrieved 6 May 2016.
4. "Shibulal, Gopalkrishnan launch biz incubator Axilor Ventures". Deccan Herald. Retrieved 6 May 2016.
5. "Infosys's Co-Founders Sets Up A New Startup Incubator - Axilor Ventures". Inc42 Magazine. Retrieved 6 May 2016.
6. "Axilor Ventures Invites Applications For Summer 2016 Accelerator Batch". Inc42 Magazine. Retrieved 6 May 2016.
7. "Forbes India Magazine - How Axilor is grooming the next-gen of startups". forbesindia.com. Retrieved 6 May 2016.
8. "Axilor Ventures Invests In Online Gourmet Food Maketplace, PlaceofOrigin". Inc42 Magazine. Retrieved 6 May 2016.
9. "Emergency Response App MUrgency Raises Funding From Axilor". Inc42 Magazine. Retrieved 6 May 2016.
10. "Bangalore Based Foodtech Startup Petoo Raises $1 Mn Funding From Axilor Ventures". Inc42 Magazine. Retrieved 6 May 2016.
11. "Food Tech Startup Petoo Raises $1 Million Funding From Axilor Ventures". NextBigWhat. Retrieved 6 May 2016.
12. "Kris Gopalakrishnan, S D Shibulal & Srinath Batni To Invest $1 Mn In SellerworX". Inc42 Magazine. Retrieved 6 May 2016.
13. "Professional Services Marketplace EasyFix Grabs Funding From Axilor Ventures". Inc42 Magazine. Retrieved 6 May 2016.
14. "Kris Gopalakrishnan Gets Appointed As Non Executive Chairman For Axilor Ventures; Applications Open For Second Batch". Inc42 Magazine. Retrieved 6 May 2016.
15. "Axilor Ventures Announces Kris Gopalakrishnan as its New Chairman; Launches Applications for its Second Accelerator Batch". Pixr8. Retrieved 6 May 2016.