Y Combinator, the famed Silicon Valley startup accelerator has selected four Indian startups for its Summer 2019 batch. The startups, selected are Binks, Lokal, MyPetrolPump and Vahan.
Every year, Y Combinator accelerates two startups batches and invests $150,000 each in them.
Launched in 2005, Y Combinator is based out of US which provides seed funding for startups. It pays expenses for startups while they get themselves ready for the initial stage.
Here are the details of the startups selected for the Summer 2019 batch.
Binks: It is an online store, based out of Bengaluru, founded by Aamna Khan and Raj Vardhan in early 2019. The company enables Indian women to buy tailor-made clothing online.
Lokal: Based out of Bengaluru, the vernacular news platform was founded by Vipul Chaudhary and Jani Pasha in 2018. The platform employs a team of freelance journalists to deliver ground reports in native languages.
MyPetrolPump: Another Bengaluru-based startup, which was founded by Ashish Gupta and Nabin Roy in 2016, is an on-demand gas delivery space for trucks, cars and generator in India. It aims to address the problems of safety and adulteration in fuel handling.
Vahan: The platform was founded by Madhav Krishna and Mohammed Abdoolcarim in 2016. Based out of Bengaluru, it uses artificial intelligence and WhatsApp’s API to automate hiring of blue coller workforce.
Some of the startup accelerators apart from Y Combinator include Techstars, Launchpad LA, BoomStartup, Wayra, Mucker Capital, and many more.