Bengaluru: US tech accelerator FalconX has launched its flagship five-week global immersion programme to take Indian entrepreneurs to the US. The objective is to transform early-stage ventures into growth-stage startups.
The programme is anchored by Silicon Valley-based serial entrepreneur BV Jagadeesh and other entrepreneurs and investors including Murali Chirala, Raju Reddy, Ashish Gupta, Raju Indukari, Pradeep Aswani, Praveen Akkiraju, Anurag Jain, Krishna Yarlagadda and Jayaprasad (JP) Vejendla.
They collectively have invested in over 200 startups whose market cap exceeds $70 billion.
FalconX provides personalised mentoring, sharper go-to-market and handholding.
The programme will have a cohort of startups focused on the B2B space supported by 40 mentors and subject matter experts. The programme culminates into a technology day where the top three startups get $100,000 each in funding.
“We help startups scale by helping them develop a market strategy, and ensuring product market fit. We'll take the firm from, say, $0.5 million in revenue to the next phase of growth, which is where they face big challenges,” he said.
Jagadeesh is also the managing partner at Kaaj Ventures. He has successfully invested and guided companies such as Nutanix and Yodlee go public. His investee firms included NetMagic Solutions that was acquired by NTT, Ocarina Network, bought by Dell, and Ankeena, which was acquired by Juniper.
“As part of the five-week programme, I will take a masterclass on going from 0 to $20 million in revenue, which I teach at the Santa Clara University, University of Michigan, and some of the IITs. The compressed tech cycle to become a unicorn is evident, and our focus is to put the spotlight on these firms on a global stage,” Jagadeesh said.
Tech accelerator firm FalconX has a 10,000 sqft facility in the US that has incubated 45 companies already.
Murali Chirala said a perfect storm is brewing in India. "We are going to accelerate our playbook in the B2B space,” he said.