Tag: Z Nation Lab

  • ScoutMyTrip: Helping You Plan Those Memorable Road Trips!

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by ScoutMyTrip.

    Road trips have a different charm altogether. Stopping by to click photos, trying local food on the way, and those endless chit-chats—what could be more endearing? The experience gets even better and hassle-free when there is proper guidance for making the most of one’s trip: what to see on the way, where to refuel, where the nearest viewpoint is, etc.

    ScoutMyTrip, a Mumbai-based startup, is doing exactly this. The startup plans the nitty-gritty details of your road trip to make it a cherishable experience. Here’s all you need to know about ScoutMyTrip, its founders and team, startup story, business and revenue model, funding and investors, name, logo,, competitors, advisors, challenges, future plans, and more.

    ScoutMyTrip – Company Highlights

    Startup Name ScoutMyTrip
    Headquarters Mumbai
    Founders Deepak Ananth and Vineet Rajan
    Sector Travel and Tourism
    Founded 2016
    Parent Organization ScoutMyTrip Private Limited

    ScoutMyTrip – About
    ScoutMyTrip – Industry Details
    ScoutMyTrip – Founders And Team
    ScoutMyTrip – Startup Story | How It Began?
    ScoutMyTrip – Name And Logo
    ScoutMyTrip – Business Model and Services
    ScoutMyTrip – Revenue Model
    ScoutMyTrip – Funding And Investors
    ScoutMyTrip – User Acquisition
    ScoutMyTrip – Startup Challenges
    ScoutMyTrip – Competitors
    ScoutMyTrip – Advisors And Mentors
    ScoutMyTrip – Awards
    ScoutMyTrip – Future Plans

    ScoutMyTrip – About

    It is a road trip planner which conflates human intelligence with artificial intelligence to help plan the perfect road trip for individuals. ScoutMyTrip works for all sorts of outings, from short weekend travels to long excursions.

    With artificial intelligence, customers can create an itinerary containing the information necessary for their road trip—gas stations, toilets, restaurants, hotels to stay in, and points of interest. The human intelligence aspect brings in the ability to personalize the information as per one’s needs.

    ScoutMyTrip envisions making road trips the preferred means of vacation.  

    An industry first product has been introduced where a Scout (travel expert for the specific region) is virtually assisting the customer throughout the journey (before and during the trip). The Scouts give you the regional flavor and make one’s holiday joyous. We call this ‘Mark and Embark’! Our team is hard at work in building great tech and striving for customer delight each time.

    ScoutMyTrip – Industry Details

    As far as the market is concerned, the road-tripping industry is a subset of a much larger travel domain.  

    “Our total addressable market is pegged at $6.6B with 33 million leisure road trips in one calendar year. This is growing at a very fast rate and we expect it to double in 3 years time. Globally, this market stands at $100B which is really what we are after; but we want to establish ourselves well in the subcontinent which is why we have started operations in Nepal and Bhutan as well” says Vineet.

    ScoutMyTrip – Founders And Team

    Deepak Ananth and Vineet Rajan are the founders of ScoutMyTrip.

    Deepak Ananth & Vineet Rajan, ScoutMyTrip Founders
    Deepak Ananth & Vineet Rajan, ScoutMyTrip Founders

    Deepak Ananth

    Deepak Ananth is the CEO and Co-founder of ScoutMyTrip. He is an Electronics graduate and had been in the corporate space for a really long time, his last assignment being with Verifone as a Director for South-East Asia. Ananth is also known as a storyteller, who loves to travel and sip on fine scotch and old monk. Ananth has a Royal Enfield 500cc bike, and his favorite trip is from Mumbai to Shillong and back.

    Vineet Rajan

    Vineet Rajan was the Co-founder and CMO (Chief Marketing Officer) of ScoutMyTrip. Vineet is a Computer Science graduate and has an MBA. Vineet has been involved with various startups throughout his career, and currently works as a Marketing Leader at SAP. After leaving ScoutMyTrip in April 2021 as an Advisor, Rajan joined Shop101 as the Head of Marketing Communications & Organic Growth. Vineet left the Co-founder position of the company in June 2020 and then remained an Advisor for the company before stepping down from that too.

    Deepak and Vineet met each other during a road trip organized by a bikers’ club they were part of. They also held official positions in one of the most sought-after Royal Enfield groups. This gave them a chance to collaborate in non-professional capacities. Their thoughts resonated since both wanted to do something unique in the domain of road trips, thus deliberating over possible ideas in 2015.

    In terms of workload, Deepak has been responsible for the overall strategy and public relations while Vineet looked into the marketing and sales segment. Soumen Bhowmick serves as the Head of Business Development.

    Neeraj Sinha was the CTO and used to manage everything to do with tech. Neeraj Sinha worked at a prestigious company, with excellent remuneration and an experience worth mentioning, but he left all of it just because of his love for travelling, which was fulfilled when he joined ScoutMyTrip after working for around 14 years with the same organisation. Though his father was in the Railways, he had seen the real struggle, as per several interviews, where he stated that his father was left with hardly any money in the middle of the month. This was what drove him away from the government sector jobs, thereby placing him in the private sector. Neeraj started with some odd jobs like that of the EDP Operator but he eventually pursued an MCA degree from IGNOU, and then he never looked back. Sinha soon joined Sopra Steria, then known as Xansa, as a Software Engineer in 2002.

    In 2015, we had started talking about putting our collective experience of road tripping so many kilometers into a tech product which can help other travelers. So a ‘road trip’ called ScoutMyTrip began! Building a work drives us – and that is the common area of interest for us. Our team sticks with us; because of the independence we give them in their working style. We measure results; and not the means.  

    ScoutMyTrip – Startup Story | How It Began?

    Both Deepak and Vineet happen to be road trip aficionados. It was this love which inspired them to conceive ScoutMyTrip with a view to guide road-trippers on making the most out of leisurely travels.

    We picked this idea because both of us love road trips. Having road tripped on the iconic Royal Enfield bikes in India with over 600,000 kilometers between us; we decided to build a solution that will help people road trip better. Because not everyone will have the knowledge of roads as we would do.

    While maps have been the traditional go-to for navigational requirements, ScoutMyTrip is building a new category in road trip planning. The ideation process for ScoutMyTrip started back in late 2015.

    ScoutMyTrip has been designed after taking suggestions from men and women consumed by wanderlust (not limited to bikers) and scouts to make the product more customer-centric. The product’s features are the results of the feedback from more than 500 fellow travelers and Scouts. The ScoutMyTrip team carried out a survey involving over 1000 people (including individuals not too inclined towards travelling) to cover every possible scenario. This is imperative given the dynamics of the decision-making process when it comes to travelling. The team also reached out to members of various travel clubs in India. The intimate discussions with these travel communities have been pivotal in onboarding travel experts for helping others.

    Some of the first people we spoke to about ScoutMyTrip were all kicked. From investors, the biking community, travel forums and everyone around. We did, however, get a sense that we would have to establish ourselves very quickly; and hence we started seed funded the company in 2016.


    RedBus – Enjoy a cozy and comfortable bus travel with RedBus!
    With all the buzz that the millennials have with traveling and easy bookings, wehad to have the online booking portals that are easy as a button. Today fromairfare booking to bus booking, we have all arrangements for easy and fastonline booking. One such company that revolutionized the bus travel…


    Since the startup emphasized having seasoned travelers help plan trips, it wanted to have the essence of a ‘guide’ in its name. After much consideration, the name ScoutMyTrip was finalized for it captured this essence through ‘Scout’.

    ScoutMyTrip Logo

    The Logo shows an inverted magnifying glass and signifies a bird pecking when seen straight (birds usually symbolize freedom). The road in the center is symbolic of travelling. The three colors represent the brand’s values—community, safety and fun.

    A lot of thought has gone into the logo. A good friend Kirtee understood our requirements and came up with that effective logo. We still sometimes joke about how much we troubled her for the logo but wherever we go, we get great feedback on the logo and that is always music to the ears of any founder.


    Success Story of Ithaka- A trip planner for your Holidays
    Ithaka Startup Success StoryStartup NameIthakaHeadquarterMumbai [https://startuptalky.com/mumbai-startups/]FoundersRahul Singh & Mithilesh SaidSectorTravel Planning AppFounded2015ParentOrganizationTraveljunkie SolutionsAbout IthakaTravel Market in IndiaFounders of Ithaka and TeamHow was Ithaka…


    ScoutMyTrip – Business Model and Services

    ScoutMyTrip is a freemium product. Customer can sign up for free on the website and can plan their road trips using the planner for a lifetime. The planner allows the user to add 25-way points (Google allows you just 10) on their route. It suggests places to stay and eat, gas stations, and things to do—all under one platform.

    Customers can choose to pay a premium in case they would like assistance with their planning. They are then assigned Scouts who help not just in building itineraries but also by providing virtual assistance throughout the trip.

    ScoutMyTrip from the beginning has followed a very community-centric approach. Be it a community of travelers or that of Scouts. It’s always about the people with technology which revolves around it. Scouts are the key differentiator for us. We’re a marketplace of travel experts who curate the best on the road experiences.

    ScoutMyTrip has partnered with travel experts and individuals from different parts of India. These skilled individuals know the local haunts, have adequate knowledge about different places to visit and are the best people to reach out to for a well-planned road trip. ScoutMyTrip has a reach all over India and also services Indian travelers visiting Nepal and Bhutan.

    The company has scaled quite a few times – from being just another travel agency to doing marketing campaigns for travel brands and now fully focusing on helping people plan awesome road trips.

    Itinerary Created by ScoutMyTrip
    Itinerary Created by ScoutMyTrip

    ScoutMyTrip – Revenue Model

    ScoutMyTrip has a well-planned revenue model and earns revenue from the following sources:

    • Hiring a Scout: When a traveler contacts an expert (Scout), ScoutMyTrip earns a percentage of the planning fee. The rates vary from Rs. 2000 to Rs. 9000 and can go up to Rs. 50,000 for custom trips and itineraries.
    • Platform integrations: The planner can be integrated with other travel websites for a wholesome user experience.
    • Corporate tie-ups and group tours: ScoutMyTrip has been successfully doing this for more than a year now and has organized over 500 group road trips for individuals and corporate houses.
    • Road trip packages: Once the trips are planned, the ScoutMyTrip Experience team bundles the following as part of the package:

      – Hotel bookings

         – Self-drive cars and taxis

         – Guides

         – Roadside assistance/insurance


    Startup Story of Taxidio – A DIY trip planning platform
    Taxidio Startup Success StoryStartup NameTaxidioHeadquarterMumbai [https://startuptalky.com/mumbai-startups/]FoundersVishal Kejariwal & Abhas DesaiSectorTravel and TourismFounded2015ParentOrganizationTaxidio Travel India Pvt. Ltd.About TaxidioTourism Industry DetailsFounders of Taxidio and Team…


    ScoutMyTrip – Funding And Investors

    ScoutMyTrip raised seed funding from Z Nation Lab in April 2017.

    Funding Date Funding Stage Funding Amount Investors
    April 2017 Angel Round Undisclosed Z Nation Lab

    ScoutMyTrip – User Acquisition

    ScoutMyTrip was launched for insider access or closed beta in October 2016. It got its first 5000 signups in one month and there has been no looking back ever since. ScoutMyTrip had incidentally launched its blog much before the website came into existence. This allowed the company to build communication with its target customers. Through its blogs, the team was able to expound the vision for its product to an eagerly awaiting consumer base.

    Content marketing has been a driver for ScoutMyTrip. The company has approximately 90 % of its users coming through social media platforms powered by influencers already a part of the ScoutMyTrip community. Word of mouth publicity also has been a good contributor for ScoutMyTrip with around 10% of user acquisition from this stream.

    The majority of spending by ScoutMyTrip in the marketing space are on Facebook and Instagram advertising. A lot more time is vested on SEO and building great content which markets itself.

    ScoutMyTrip takes pride in being a content-driven brand and has taken ownership of three intellectual properties to keep in touch with its focus group—the travel enthusiasts.

    • The Great Indian Food Trip: The Great Indian Food Trip is an exploratory drive-by ScoutMyTrip through the hinterlands of India for rediscovering some of the most iconic and largely lost gems of Indian cuisine.
    • The Highest Blogger Meet: The idea here is to take influential bloggers from different walks of life to the highest motorable roads in the world. On those roads, ScoutMyTrip hosts a blogger meet, setting a record in terms of altitude each time. The last successful attempt was at Khardung La in partnership with OYO Rooms.
    • #AageSeRight: A viral sensation on Instagram that is common amongst road trippers. AageSeRight is a Hindi phrase used as a response when asking for directions; ScoutMyTrip was able to create a medium of brand recall through this hashtag.  

    SuccessStory Of Guiddoo, a platform that helps you discover and book in destination experiences across 15 countries.
    Guiddoo HighlightsStartup NameGuiddoo WorldHeadquarterMumbai[https://startuptalky.com/mumbai-startups/]FounderVineet Budki, Nidhi Varma, Prashant Choudhary, Biswajeet KarmakarSectorTravelFounded2014Registered EntityNameGuiddoo World Travels Pvt. Ltd. Guiddoo – IntroductionGuiddoo – Industry De…


    ScoutMyTrip – Startup Challenges

    Deepak and Vineet had the most modest upbringing, belonging to middle-class Indian families. Deepak had been working in corporate roles (at senior positions in reputed companies) for over 20 years before ScoutMyTrip. Vineet had an entrepreneurial mindset throughout his career but his only brush was by being a member of an established startup. As a result, launching a startup was no less than a challenge due to lack of prior experience as told by Vineet.

    Whether such a platform would find a place and apprehensions about them treading the right path plagued the founders in the initial phase.  

    Our families were very supportive. Parents who heard us out asked the right questions and then wholeheartedly supported us, spouses who stood by us, ready to fight the same battles along with us, helped to make our minds up, much easier.    

    ScoutMyTrip – Competitors

    As Vineet says, the biggest competitors are the airlines and railways, which make up for over 80% of all travel spends in India. Google Maps is a formidable opponent given its reach and popularity when it comes to navigation.

    Globally, ScoutMyTrip faces resistance from Road Trippers and Furkot, which are slowly building their presence in India. Desi competitors include Easy Roads and Highway Delite. However, the highly experienced Scouts associated with ScoutMyTrip are its USP and the major differentiator from its competitors.

    We are different in terms of us being a very community driven space where our Scouts are the USP to ScoutMyTrip. We encourage road trips for everyone and plan it keeping in mind the likes of our customers.

    ScoutMyTrip – Advisors And Mentors

    ScoutMyTrip’s investor, Z Nation Labs, is also its primary mentor.

    We get great support, industry connects and advice from the leadership team of Z Nation labs which includes Amit Jain, Anup Mehta and Neha Jain.  

    After being incubated by NASSCOM’s 10,000 Startups initiative and the Maharashtra State Innovation Society, ScoutMyTrip is getting regular support from its team as well.

    ScoutMyTrip – Awards

    ScoutMyTrip has had its fair share of recognition including the recent incubation by NASSCOM’s 10,000 startups initiative. The honors bestowed on ScoutMyTrip in 2019 are:

    • April 2019 – Selected as one of the Top Startups by NASSCOM as part of the 10,000 Startups Program.
    • March 2019 – Recognized by Startup India / DIPP.
    • February 2019 –Winners of the Maharashtra Startup Week by the Govt. of Maharashtra.
    • January 2019 – Entrepreneur India listed ScoutMyTrip as the top 50 startups to watch out for in 2019.
    • July 2019 – ScoutMyTrip won the Conquest 2019 startup challenge by BITS Pilani which opened new doors in terms of partnerships and investor connections.
    • August 2019 – ScoutMyTrip was invited by DIGITARAYA x tiket.com accelerator programme for expansion into SE Asia.
    ScoutMyTrip Founders Receiving Award at Maharashtra Startup Week
    ScoutMyTrip Founders Receiving Award at Maharashtra Startup Week

    Earlier Awards include being chosen as one of the top 20 travel tech startups by FICCI in 2017, Top 10 startups in India (Silicon India), and many more.

    ScoutMyTrip – Future Plans

    ScoutMyTrip has received a positive response from the traveler community; it has partnered with reputed brands to maintain the flow. Over the last two years, ScoutMyTrip has been aggressively improving its Scout and agent network to service the ever-increasing customer requirements. The company’s business partners include Treebo Hotels, OYO, Agoda, Booking.com, MyChoize self-drive cars, Mahindra & Mahindra, and Honda Cars India to name a few.

    Over the next 1-2 years, ScoutMytrip is looking at consolidating the Indian market where there is a churn in the making as observed by its team.

    For its long-term vision, ScoutMyTrip aspires to be present in every aspect of a road trip. The ScoutMyTrip team has christened this plan as ‘Dashboard to Dhabha’, where the idea is to integrate ScoutMyTrip into cars to make it easier for car owners to conceive a journey. This comprises showing recommendations of other roadtrippers, real and live assistance from Scouts all over the country, detours to explore the countryside, and other provisions. This shall enable ScoutMyTrip to create an extensive database which would then be used to provide up to date, real-time information in assisting holidaymakers.

    After spending a week in Indonesia understanding the travel and tourism industry, the co-founders are considering expansion into a new market next year. They are in discussions with partners to venture into the SE Asian markets and provide a full suite of services not limited to hotels, flights, and last mile connectivity for trips.

    It is hard to navigate through the maze and there is a long way before we as a country make it simpler for startups. And advice is not easy to come by, we had to learn a lot of it ourselves- Vineet Raja


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    FAQs

    Who are the Founders of ScoutMyTrip?

    Deepak Ananth and Vineet Rajan were the founders of ScoutMyTrip. Rajan left the company in 2021.

    What is ScoutMyTrip?

    It is an Indias trip planner, which conflates human intelligence with artificial intelligence to help plan the perfect road trip for individuals. ScoutMyTrip works for all sorts of outings, from short weekend travels to long excursions.

    What is ScoutMyTrip Business Model?

    ScoutMyTrip is a freemium product. Here, the customers can sign up for free on the website and can plan their road trips using the planner for a lifetime. The planner allows the user to add 25-way points (Google allows you just 10) on their route. It suggests places to stay and eat, gas stations, and things to do—all under one platform.

    Who are the competitors of ScoutMyTrip?

    The ScoutMyTrip competitors include:

    • Google Maps
    • Road Trippers
    • Furkot
    • Easy Roads
    • Highway Delite

  • Top 21 Startup Incubators & Accelerators in Mumbai

    We believe that every startup has a unique journey to pursue, which is based on the idea that requires a right push in the right way. Regardless of the stage, your startup is in, it requires significant guidance to move forward and have successful accomplishments. We have attempted to make a List of Incubators and Accelerators in Mumbai that would help you in making the right choices for your business.

    Mumbai isn’t just the well-off city, but the Economic Hub of India, that has various Industrialists, CEOs, Entrepreneurs, Well-known companies, Directors, Producers, Artists, and what not! The place ‘Mumbai’ has its own culture and architecture that makes it the spot of tourist attraction. Well, a place that is full of life and energetic minds, requires a mentor and a financial supporter for building up the initial base of the dreams.

    List of top 21 Incubators & Accelerators in Mumbai

    1. Rise Accelerator
    2. UnLtd India
    3. Espark Viridian
    4. Venture Catalysts
    5. Society for Innovation and Entrepreneurship (SINE)
    6. Amplifi Asia
    7. ISDI Creative Accelerator – Microsoft Ventures
    8. Zone Startups India
    9. Z Nation Lab
    10. Startupbootcamp FinTech
    11. ScaleMinds
    12. MITCON Technology Business Incubator Centre
    13. NASSCOM 10000 startups
    14. Science and Technology Park (Scitech Park)
    15. ISME ACE Accelerator
    16. JioGenNext
    17. YES Fintech
    18. ThinQbate
    19. Incubation Center, S.P. Jain Institute of Management and Research (SPJIMR)
    20. Centre for Incubation and Business Acceleration (CIBA)
    21. Venture Nursery

    Conclusion
    FAQs

    Are Startup Accelerators Worth It?

    Unlock Your Startup’s Potential with Our Exclusive Investor Lists and Resources

    Supercharge your startup’s success with our comprehensive resources. Access investor lists, pitch decks, KPIs, and fundraising guides. Connect with pre-seed investors, angel networks, and family offices, while mastering VC pitches. Ignite your entrepreneurial dreams today!

    Explore Now

    Rise Accelerator

    Rise Accelerator - Startup Accelerator in Mumbai
    Rise Accelerator – Startup Accelerator in Mumbai

    Being India’s first FinTech Accelerator Program, Rise was created by Barclays in partnership with the Zone Startups. It has an intensive 18-week cohort-based program that offers a wide community to interact and collaborate with. It assists companies to gain major milestones throughout the journey. If you are working on building an amazing solution based on finance, cyber security, data analytics, cryptocurrency, wealth management, insurance and digital banking then this is the place you can consider looking into.

    Rise Accelerator offers:

    • Mentorship.
    • Introduction to key industry experts.
    • Access to Barclays technology, insight and expertise.
    • Access to Global Community.
    • Industry Connections.
    • Investors Access.

    UnLtd India

    UnLtd India - Startup Incubator in Mumbai
    UnLtd India – Startup Incubator in Mumbai

    With a view as to how the socio-economic problems hinder the growth of the country and the economy at large, UnLtd India acts as a launchpad for zealous individuals whose potential ideas can be a solution to the prevailing socio-economic problems. Their major focus is on early-stage social entrepreneurs to help them with providing opportunities and accelerate the growth of their organisation that can have a huge impact on society. If you are an Individual with an innovative Idea that can have a positive and sustained Impact at a large scale, therein open to feedback and Incubation, then this is the right place for you to pitch in.

    UnLtd India offers:

    • Piloting and building the idea.
    • Personalized Coaching.
    • Workshops & Training.
    • Networking & Impact measurement.

    Also Read: 21 Amazing Startup Incubators & Accelerators in Bangalore


    Espark Viridian

    Espark Viridian - Startup Accelerator in Mumbai
    Espark Viridian – Startup Accelerator in Mumbai

    Espark Viridian Ventures supports early-stage as well as growth-seeking startups as a business accelerator across India. Their main idea is based on how they shape the mindsets that in turn shape the entrepreneur in you. With accelerating more than 340 startups, they are playing a major role in the Indian Startup ecosystem. The most unique feature in their program, that sets them apart from others is ‘Enablement’, wherein an Enabler (Startup Coach) is assigned to each startup throughout the journey of the startup in the course.

    Frequip, Oranjtag, Carpiko, Garam Box, Findmedz, etc. are some of the startups that gained support from Viridian Ventures in their journey.

    Espark Viridian offers:

    • Infrastructural Support.
    • Workshops and Events.
    • Networking opportunities in global markets.
    • Mentors & Trainers.

    Venture Catalysts

    Venture Catalysts - Startup Incubator in Mumbai
    Venture Catalysts – Startup Incubator in Mumbai

    It is one of India’s Top Startup Incubator which is widely known for its integrated approach. The approach offers mentorship, funding, networks of successful founders, product experts and unicorns. It invests in the range of $500 to $1 million, with its wider presence across India, Dubai, UAE and Hongkong. Some of its Incubated Startups – Lenden, Purple Style Labs, Inc42, Supr, Flickstree, Cleardekho, Beardo, Chai Break among many.

    Venture Catalysts offers:


    Also Read: Top Angel Investors in Mumbai [With Contact]


    Society for Innovation and Entrepreneurship (SINE)

    SINE - Business Incubator in Mumbai
    SINE – Business Incubator in Mumbai

    To encourage and develop tech startups, SINE was established as an umbrella organization at IIT Bombay to provide support to tech-based entrepreneurs and ventures. It acts as an incubator and accelerator to startups and helps them in their journey to scale up their business.

    Their portfolio comprises various startups with sectors Cleantech, Fintech, IoT, IT/ICT, Medtech, and others. Acuradyne Systems, Ayati Devices, Bellatrix, Ayu Devices, Connect Plus, Chainworks Digital, Inphlox Water Systems, Navork Innovations, etc. are some of the startups showcasing in their portfolio.

    SINE offers:

    • Government collaboration.
    • Industry-level training from experts.
    • Product development & Manufacturing.
    • Up to 3 years incubation support.
    • Electronics & Prototyping.
    • Access to SINE Labs.
    • Infrastructural & Tech support.
    • Business Network.

    Amplifi Asia

    Amplifi Asia - Accelerator for SaaS Startups
    Amplifi Asia – Accelerator for SaaS Startups

    Being positioned as Asia’s leading enterprise tech, SaaS dedicated venture accelerator, Amplifi Asia provides a holistic and magnificent ecosystem for tech startups in Asia. With a hands-on team of successful leaders and experienced entrepreneurs, it tends to provide support to the early-stage ventures in their journey of establishment and Growth. Regions that are mainly focused on them are India, Singapore, Hong Kong, Taiwan and Israel. Being dedicated to tech-based startups with the main highlights of AI, Blockchain, IoT, AR and VR are of major concern. They have a wide range of partner networks including Google cloud platform and AWS. The alumni startups of Amplifi Asia are Tellofy, Travdots, Varsito, Keito, Dave.ai, Superwise among many others.

    Amplifi Asia offers:


    Also Read: 5 Factors to Consider while choosing a Startup Incubator


    ISDI Creative Accelerator – Microsoft Ventures

    ISDI Creative Accelerator, powered by Microsoft Ventures
    ISDI Creative Accelerator, powered by Microsoft Ventures

    An interdisciplinary accelerator program designed by the Indian School of Design and Innovation (ISDI) and powered by Microsoft Ventures. Their main aim is to create a collated environment of academics, entrepreneurship, industry and capital with an understanding of design thinking. It will provide an opportunity for budding entrepreneurs to launch/restructure their business with an intensive 6-month program. It would mainly comprise technology, design and business innovation.

    ISDI Creative Accelerator offers:

    • Access to business support partners.
    • Mentoring & Guidance.
    • Support in design strategy and branding.
    • Capacity building.
    • Funding support.
    • Investors’ Connection.

    Zone Startups India

    Zone Startups India - Accelerator in Mumbai
    Zone Startups India – Accelerator in Mumbai

    Zone Startups, a Startup accelerator spread across the world, offers strategic guidance to accelerate the market validation of the startups. In addition to providing seed capital and post-funding support, Zone Startups also focuses on networking, customer acquisition, and consulting practices. With a wide range of business experts and mentors, startups can gain in-hand knowledge on various aspects of the business. The focus on sectors is widely spread to Data Analytics, Education, Enterprise, Financial, Health, IoT, Media, and Social.

    Its portfolio includes- Actofit, Advenio, Aasaanpay, Difin, Dive, Genecorp, Plackal, Sherelt, Uberlit, Zybra and many more.

    Zone Startups India offers:

    • Workspace.
    • Access to cloud credits.
    • Marketing and promotional opportunities.
    • Funding.
    • Meeting sessions.
    • Networking opportunities.
    • Business development counselling.

    Also Read: Top 10 Startup Incubation Centers in India


    Z Nation Lab

    The Z Nation Lab recognizes all that is needed to run a startup and tends to achieve success with its strong value proposition to lead the startups to reach the growth stage. With a foothold in the Indian market and presence in Silicon Valley USA, Z Nation lab provides access to global markets and the community. They do not only help in making strategic decisions, scaling up technology, structuring a team, market analysis but also gear up to aid in raising the next round of funding. They are not particular about the kind of sector or industry that the startups focus on, but it is more of being innovative and providing technological solutions to solve real-world problems.

    The portfolio includes Hiotify, GetParking, Knight Fintech, Office Pulse, ONN among many.

    Z Nation Lab offers:

    • Access to the global community and global market.
    • Helps in raising the next round of funding.
    • Business and Tech support.

    Startupbootcamp FinTech

    Startupbootcamp FinTech - Accelerator in Mumbai
    Startupbootcamp FinTech – Accelerator in Mumbai

    With more than 870 startups accelerated, Startupbootcamp provides invaluable support and guidance in the journey of early-stage tech ventures. They have accelerator programs spread across Amsterdam, London, New York, Singapore, Australia, and many others, thus providing access to the global community and market. They work with many leading brands like Intel, Cisco, Mastercard, Deutsche Bank, Airbus Group, Google Cloud, and many others.

    Startupbootcamp offers:

    • International Networking to mentors, investors, and partners.
    • Business & Tech Support.
    • Funding.
    • Events & Conferences globally.

    Also Read: 16 Fascinating Coworking Spaces in Mumbai


    ScaleMinds

    ScaleMinds - Startup Accelerator in Mumbai
    ScaleMinds – Startup Accelerator in Mumbai

    It is a business development driven accelerator for high growth startups. With a major focus on seed funding, it offers an on-site accelerator program for about 16weeks. They invest up to INR 10 Lakhs along with other benefits like server credits, workspace etc.,

    ScaleMinds offers:

    MITCON Technology Business Incubator Centre

    MITCON - Startup Incubator in Maharashtra
    MITCON – Startup Incubator in Maharashtra

    Being promoted by MITCON Consultancy & Engineering Services Ltd., MITCON TBI is sponsored by the Department of Science and Technology, Government of India. It is concentrated on various disciplines in Biotechnology, Agriculture, Food Processing, and Pharmaceutical. As a TBI, the incubator centre focuses on rural entrepreneurship that would lead to boosting the economy of the country.

    MITCON Technology Business Incubator Centre offers:

    • Consultancy & Training.
    • Tech and Business support.
    • Specialized services to Biotechnology & Agriculture SMEs.
    • Workspace & Information centre.
    • Computing facilities.

    NASSCOM 10000 startups

    ASSCOM 10000 startups - Startup Incubator in Mumbai
    NASSCOM 10000 startups – Startup Incubator in Mumbai

    NASSCOM aspires to build and nurture the Indian Startup Ecosystem via various programs under them. They have programs relating to Incubate, Virtual Incubate, NIPP (NASSCOM Industry Partnership Program), and Integrate (Global Acceleration). It is associated with esteemed funding partners which include CrunchBase, Nexus, Indian Angel Network, etc.

    Some of their startups include Asksid, Headway.ai, Bigtrade, Bombay Play and many more.

    NASSCOM 10000 startups offer:

    • Community connect.
    • Challenges and Hackathons.
    • Mentors and Evaluators.
    • Consulting sessions.
    • Startup Kits.

    Also Read: Top Startups & Entrepreneurs in Mumbai


    Science and Technology Park (Scitech Park)

    Scitech Park - Startup Incubator in Maharashtra
    Scitech Park – Startup Incubator in Maharashtra

    Being one of the leading Entrepreneurship parks, Scitech is supported jointly by the NSTEDB, Department of Science and Technology, Government of India, and Savitribai Phule Pune University. The primary aim of this park is to provide aid to innovative and tech-based startups in various areas which include Pharma, Biotechnology, Foodtech, Agriculture, Cyber Security, IT, Cleantech, etc. It had established an independent Business Incubator “Growth Lab” to support startups in their journey of growth.

    Some of the incubated companies include – GisDox, Toshvi, Relationware, iZone Technologies, VB Infotech among many.

    Scitech Park offers:

    • Incubator management.
    • Mentoring.
    • Access to a wider network.
    • Legal & accounting assistance.

    ISME ACE Accelerator

    ISME Ace - Startup Accelerator in Mumbai
    ISME Ace – Startup Accelerator in Mumbai

    It is one of India’s largest Fintech Accelerator, with a major focus on early-stage ventures. It assists startups in developing a scalable business with real customer data. It is part of India’s largest Innovation & Entrepreneurship Ecosystem which is designed for developing India’s financial services sector.

    ISME ACE Accelerator offers:

    • Seed Funding.
    • Media Exposure.
    • Investor network support.
    • Mentorship support.
    • Access to financial services partner firms.
    • CFO & Legal support.

    JioGenNext

    JioGenNext - Startup Accelerator in Mumbai backed by Reliance Industries
    JioGenNext – Startup Accelerator in Mumbai backed by Reliance Industries

    Reliance Industries backed accelerator, JioGenNext provides an extraordinary platform for startups to flourish in the Jio ecosystem. It aims to help the young-minded and enthusiastic technopreneurs with a spark to achieve growth with speed, scale, and sustainability that is incomparable.

    Apiria, Ayasta, Fingage, Payeasy, Zoapi, Puzzelo, Pioctave, Mozzo, etc. are some of the startups that accelerated.

    JioGenNext offers:

    • Mentoring & Guidance.
    • Networking.
    • Business & Tech assistance.

    Centre for Incubation and Business Acceleration (CIBA)

    CIBA - Accelerator in Mumbai
    CIBA – Accelerator in Mumbai

    Being supported by the Department of Science & Technology under the Startup India Action plan, CIBA acts as a support system for startups in their journey of establishment. From consultation to seed funding and growth acceleration, CIBA aims to provide a collaborative environment to the entrepreneurs and build the startup ecosystem.

    CIBA offers:

    • Workspace facilities.
    • Prototyping lab.
    • Management and Networking support.
    • Business plan assistance.
    • Seed funding.
    • Mentoring & Training programs.
    • Professional support services (CS, CA, Legal, Branding).

    YES Fintech

    YES Fintech - Accelerator in Mumbai
    YES Fintech – Accelerator in Mumbai

    A platform comprising of YES Bank and Fintech startups that aims to create and develop innovative solutions for the market. Their major focus areas include Digital Payments, Cybersecurity, Big data & Analytics, Digital Banking, Lending, Wealth tech and process automation.

    YES Fintech offers:

    • Funding Access & Mentorship.
    • Digital Banking Tools.
    • Customer Access.
    • Global Market.

    ThinQbate

    ThinQbate - Incubator in Mumbai
    ThinQbate – Incubator in Mumbai

    ThinQbate, a startup incubator, provides an ecosystem to entrepreneurs filled with knowledge sharing, infrastructure, vast community, and capital adding value to the business. With the partnership with Hatcher+, a data-driven venture firm that uses machine learning and AI to identify early-stage opportunities, Thinqbate will be helped by them as a significant role in the funding process. Startups include- Calamus, NapNap, Redesyn, Loyalty, Taleho, SuperFan, Physiz, etc.

    ThinQbate offers:

    • Training & Mentoring.
    • Access to a vast community.
    • Infrastructural support.
    • Backend operations.
    • Legal & tax assistance.
    • Follow on investment opportunities.
    • Business development support.

    Incubation Center, S.P. Jain Institute of Management and Research (SPJIMR)

    SPJIMR plays an important role in promoting entrepreneurship and thereby setting up an Incubation centre that helps startups in venturing in the right direction. It is envied for providing opportunities to SPJIMR students, alumni, and faculty. The assistance provided by this centre will help startups achieve various milestones in their journey.

    SPJIMR offers:

    • Mentoring & Training.
    • Business-related assistance.
    • Access to potential investors & VCs.

    Venture Nursery

    Venture Nursery, India’s first angel-backed startup accelerator, is based on the belief that the success of noteworthy startups plays an important role in the ecosystem. It tends to undertake various mentoring roles and training that would help the entrepreneurs with all the needed support like infrastructural, learning, etc.

    Its portfolio includes Talview, Oyo rooms among many.

    Venture Nursery offers:

    • Connect to various Angel investors and Industry experts.
    • Access to business support partners.
    • Assistance in building a business plan.
    • Infrastructural support like working space.
    • Helps with legal compliances.
    • Intellectual property management.

    But this accelerator is not active anymore.

    Conclusion

    This was our list of Incubators & Accelerators in Mumbai. If you are not among them, then connect with us at shubham@startuptalky.com to get featured in the list.

    FAQs

    What are Startup Incubators?

    Startup Incubators are the organization that help newly found and early-stage startups to scale their business.

    What does a startup incubator do?

    Startup incubators help entrepreneurs grow their business by providing workspace, seed funding, mentoring, and training.

    What is Startup Accelerator?

    Startup Accelerator is the combination of two words – Startup and Accelerator. A startup is a newly established business whereas an accelerator is either a person or an organization that causes something to happen or develop more quickly.

    So when combined together, startup accelerators are the organizations that support early-stage, growth-driven companies through education, mentorship, and financing.

    What is the difference between an incubator and an accelerator?

    In simple words, Accelerators focus on scaling a business while incubators focus on innovation.

    Should you join a Startup Incubator or Accelerator?

    Startup Incubator or Accelerator helps the startup at the initial stage to take their business to a higher level. They provide guidance, mentoring, funding, infrastructure, coworking space, investors, etc. to startups in order to scale their business. They can be a good source of advice for early-stage startups.

    Which are the top startup incubators and accelerators in Mumbai?

    Here’s the list of top startup incubators and accelerators in Mumbai.

    • Rise Accelerator
    • UnLtd India
    • Espark Viridian
    • Venture Catalysts
    • Society for Innovation and Entrepreneurship (SINE)
    • Amplifi Asia
    • ISDI Creative Accelerator – Microsoft Ventures
    • Zone Startups India
    • Z Nation Lab
    • Startupbootcamp FinTech
    • ScaleMinds
    • MITCON Technology Business Incubator Centre
    • NASSCOM 10000 startups
    • Science and Technology Park (Scitech Park)
    • ISME ACE Accelerator
    • JioGenNext
    • YES Fintech
    • ThinQbate
    • Incubation Center, S.P. Jain Institute of Management and Research (SPJIMR)
    • Centre for Incubation and Business Acceleration (CIBA)
    • Venture Nursery