Y Combinator’s Startup School awards $15,000 equity free grants to four Indian startups

US-based seed-stage accelerator Y Combinator has awarded $15,000 in equity-free grant to four Indian startups including social payments platform Circles, data augmentation platform Sandoras, smart visitor management platform Vizitor and a robo advisor app Wealth42, reported Inc42.

These startups were all participants of the Y Combinator’s Startup School programme which lasted 10 weeks. These four Indian startups were among the 40 startups selected by Y Combinator for the grant.

Announcing the grant recipients in a blog post, Steven Pham, Director of Startup School, wrote, “As part of our efforts to further support founders in¬†Startup School, we awarded $15,000 in equity-free grants to the most promising companies to go through the course. The quality (and quantity!) of founders who participated in Startup School this past year made the grant selection process a tough one.”

Here is a look at the four Indian startups:

Circles: Founded by two IIM Ahmedabad graduates Abhiram Nukalapati and Anchal Taatya, Circles is a social payments platform that enables users to share, settle and track credit card payments with a group of trusted people.

Sandoras: Founded by Saro Chidambaram and Sandya Mannarswamy, Sandoras is an NLP model assessment and data augmentation platform.

Vizitor: Founded by Ria Sawhney and Gaurav Saini, Vizitor is a smart visitor management platform which enhances the visitor experience by streamlining the check-in and check-out process while focusing on security.

Wealth42: Founded by Ashutosh Dwivedi and Nitish Varma, Wealth42 is a robo advisor app which enables wealth creation for its users through a timeline-based goal-oriented approach.

Keeping its focus on the Indian startup ecosystem, earlier this month it was reported that Y Combinator had selected 28 startups from India for its winter batch.

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