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The startup ecosystem within 2021 boomed with 42 unicorns emerging in 2021, over $14 billion invested in Indian startups in Q3 of 2021 with multiple early stage startups growing in emerging themes.
To name a few more reputed, growing and funded startups within Huddle?s portfolio are companies like Blue Tokai Coffee, GOAT Brand Labs, GripInvest, The Healthy Company, The Gaming Project, Qlan, Swageazy, HuddleUp.
The Indian startup landscape has seen several encouraging initiatives launched by early stage funds and accelerator programs to boost pre-seed and seed stage startups. Accelerator and early-stage initiatives from the likes of Y-Combinator foraying into Indian startups, India Accelerator, 100X VC, and funds like Artha, RPSG, Accel, have all launched programs to boost the early stage investment ecosystem. The support to early-stage ventures has exceeded beyond financial backing, with a large requirement of hands-on and on ground support to teams during days where they find a path towards predictable growth.
Similarly, Huddle?s portfolios receive support across multiple business functions in order to provide early stage startups with financial, social and intellectual capital. The Gurgaon headquartered accelerator with their fund remains bullish on its commitment to redefine the acceleration ecosystem in the country and will continue deploying the INR 50-crore fund announced earlier this year with at least 14 new startups across sunrise sectors during the first two quarters of 2022.
Speaking about the key highlights of the year, Huddle?s Founding Partner, Sanil Sachar, said, ?The year 2021 showed extremely encouraging indicators in the early-stage ecosystem. In line with our aim of making India the largest startup economy in the world, we had one of the most momentous years as an accelerator and investor, having made 16 investments within 2021, and over 20 funded teams in a year with a few more investments in the pipeline before the year-end. We?re confident that the Indian ecosystem is going to continue building innovations that?ll lead most of the sectors, and to ensure this, to create the perfect grassroots ecosystem is our key aim by being actively involved in the acceleration and investment of our future businesses and leaders.?
Huddle has invested in several sectors, with an aim of backing ventures transforming traditional businesses or those creating new business models. From building teams across gaming, consumer internet, D2C, retail, SaaS for healthcare and HR, the accelerator has set their sights on newer industries too. These include building upon a circular economy thesis with a climate-tech focus, creating more D2C enablers within the consumer sector, a focus on metaverse across specific applications, SaaS products, AI/ML solutions and further doubling down on their mobility thesis.
Besides nurturing nascent ideas and creating future-ready businesses as an accelerator, Huddle has also been helming several co-acceleration and co-investment efforts across the country, helping startups benefit from the support of more than one startup enabler to transform industries for the better. Ishaan Khosla, Founding Partner at Huddle, added, ?Building an inclusive ecosystem through co-acceleration will remain one of our top priorities for 2022. We plan to work towards it by providing startups with all the necessary support and capital to build businesses of the future. More initiatives like that of RocketFuelXHuddle or our EV accelerator earlier built alongside growX ventures are areas we?d like to initiate to bring the ecosystem even closer in building and backing ventures together from the early days. For 2022 we?re all set to continue our momentum and support.?
About Huddle:
Huddle is India?s leading accelerator and fund for disruptive early-stage ventures. Huddle partners with promising teams at early validation and growth stages (pre-seed/seed/pre-Series A), to support across strategy, business development growth and investment access. With a pan-India presence, Huddle has a diverse portfolio of over 50 ventures across sectors which include electric vehicles, direct-to-consumer brands, retail & distribution innovation, gaming and deep-tech technologies, among others, making them one of the most active early-stage investors in India. The organisation has seen some of the highest success rates of growth among accelerators, through hands-on support across value-add services and capital.
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