Names of start-ups which will be joining the second batch of its six-month accelerator programme GMC calibrator got announced on March 12 by the US-based impact investor Gray Matters Capital, which invests in start-ups working on improving access to employability and affordable education in India. Being a part of the unique club of venture capital investors in India Gray Matters Capital has in-house start-up accelerators which included Blume Ventures, Sequoia Capital India and Axilor Ventures. It was in January, this year that Sequoia had launched its accelerator programme- surge.
Sierra Leone and VietnamGray Matters reportedly said that the programme which begin in Bengaluru on March 13 has three start-ups from Kenya and six start-ups from India. It was in April 2018 that GMC calibrator was launched.
The six start-ups from India consisted of mental counselling service provider InnerHoir, start-up Dcoder, Lal10 which lets rural artisans to do business and sell products in global markets, skill development platform Quest Alliance, Vernacular content community platform Matrubharti and creative play kit for children Skipy.
This accelerator has diversified from focusing solely onedtech start-ups that also include enterprises in the livelihoods, skilling and peer-to-peer learning space.
Omkar Kulkarni, the accelerators had has reportedly said while highlighting the benefits for its first batch start-ups that there has been 30 per cent increase in monthly retention and 20 per cent increase in revenue for every start-up.