VC firm Accel India, as part of the second cohort of the Atoms Programme, has selected 10 startups. The selected startups for the second cohort of the Atoms programme mainly come from the SaaS, D2C and B2B sectors.

Launched last year for pre-seed investments, the Atoms programme offers $250,000 as base capital in pre-seed rounds to each startup as an ‘uncapped convertible note’, which will convert to equity only in the next round.

Accel Atoms Programme | Changing Pre-seed Investing In India

So far, through this programme, Accel has invested $6 million in 23 startups. As per the firm, these companies have raked in close to $100 million in follow-on and additional funding through the programme.

Speaking about the development, Prayank Swaroop, Partner at Accel India, said,

“We have an understanding of what founders need from the very beginning of their journey. Atoms (programme) was created to assist these founders in their journey to build successful companies. We have received applications from a varied set of founders, and the sheer diversity of these companies is a testament to their imagination, creativity and acumen.” 

The selected startups in the second cohort include:

• Brik, a B2B construction material-focused startup
• Dpanda, which helps convert platforms into micro-e-commerce sites and monetize the platforms’ traffic
• Databrain, a data platform enabling non-technical strategic teams to extract and analyze data effectively
• Fishlog, a B2B marketplace streamlining the seafood supply chain across Indonesia 
• Dhiwise, a DevTool enabling developers to deliver production-ready source code 10x faster for all kinds of apps
• Mello, a discovery platform that allows people to find the best experiences around them

In addition to the capital, the Accel Atoms programme provides startups with 1:1 interactions with operators curated by Atoms. Startups also get to work closely with an Accel investor, ensuring maximum value from the program.

Since starting operations in India in 2008, Accel has invested in around 150 Indian startups, including Freshworks, Infra.market, BookMyShow, Spinny, Browserstack, Flipkart, Moglix, FalconX, Myntra, Urban Company, Zetwerk, Zenoti, and MyGlamm, among others. 

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