Turbostart is a sector agnostic, pan-India programme which felicitates the top 25 most promising startups in the country, twice a year. Earlier this year, the company announced the winners of its first Cohort, where selected startups secured one or more of the following – funding, customised mentorship from industry stalwarts and customer/industry connects. These startups hailing from diverse sectors, under the continued guidance of Turbostart, have scaled significantly into viable business ventures; and their valuations have grown manifold in a short few months.
Two deep tech startups in the cohort- Argoid and Sciative Solutions bring differentiated solutions and are poised to disrupt the respective markets they are going after. Sciative Solutions is leading the Dynamic Pricing revolution across Retail, Ecommerce, Travel, Entertainment and Cinema industries globally. It offers automated dynamic price optimization products powered by AI and Big Data to maximise the revenues and profitability of their (B2B) customers. Using Sciative’s Saas products, customers can monitor, calculate and apply optimal prices at ultimate speeds based on real-time market trends. Sciative Solutions is benefiting from the continued guidance of Turbostart’s pool of advisors- each an industry leader, as well as optimal assistance in several areas including Business Strategy, Digital Marketing, Legal services, and Go to Market strategy including global expansion.
Argoid, an AI/ML startup formed by Ex-Flipkart entrepreneurs, is taking Consumer Personalization to the next level through its differentiated 3R (Real-time Relevant Recommendation) Personalization technology. Argoid boosts customer retention, sales, and recommendation resulting in a significant increase in revenue for B2C enterprises and is trusted by Fortune 500 Enterprises globally. Their SaaS recommendation engine is a game-changer for mid-market companies that allows Small & Medium B2C Enterprises to provide Netflix-like or Amazon.com-like personalization powered by cutting-edge AI technology. One of the key milestones of the startup – raising a substantial round of funding from a premier Deep Tech Fund, has been possible through Turbostart within just 6 months.
Touching on some of these enterprises, Ganesh Raju, Founder & CEO, Turbostart said, “The larger vision of the programme is to provide critical business support for these innovators and help them scale up fast, efficiently and cost-effectively. We are encouraged to see the rapid progress of our Cohort I startups and celebrate their success thus far. We aim to provide continued guidance and support in their long journey ahead as well. Talking about the current startup landscape, we are aware that several budding enterprises are struggling to keep their head above the water during tumultuous times like these. Hence, we decided to launch our upcoming Cohort 2 amid the pandemic, and under the counsel of the robust Turbostart team to provide them with specialised guidance and operational support to dwell and thrive amid the ongoing pandemic. We hope the success stories of previous winners encourage more aspiring entrepreneurs to take the leap and sign up for Turbostart’s upcoming Cohort 2.”
Turbostart has provided much-required assistance at a large scale in different operational areas for a business to thrive effectively. Some of these include 500+ hours of business strategy and deep-dive sessions with each startup; deep-dive assessment of technology architectures; introduction and networking opportunities with over 200 CXO’s at major corporates, PSU’s and industry bodies and strategic branding workshops to refine the brand positioning for each of the startups. With Turbostart’s strategic digital marketing guidance, startups have been able to lower customer acquisition costs and perform cost-effective targeting leading to a savings of more than 30% on their digital marketing budgets.
Cohort I portfolio startups span multiple sectors – EdTech, Fintech, Regtech, Health/BioTech, MediaTech and host of other sectors including Social Impact.