- One-third have at the very least one feminine founder, others 2nd/third time founders
- Until date, Surge startups have raised over US$1.7bil in follow-on funding
Surge, Sequoia India & Southeast Asia’s speedy scale-up program, has launched its seventh cohort, that includes 37 founders throughout 15 early-stage startups.
Surge has grown quick over the previous three years, and with the seventh cohort, the group now contains 281 founders from 127 startups throughout 16 sectors. Surge startups have additionally collectively raised over US$1.7 billion (RM7.6 billion) in follow-on funding, with over 60% from the primary 5 cohorts elevating their Sequence A and past.
Surge 07 founders are leveraging their experience in expertise and client insights to drive innovation in India, Southeast Asia and the world. This contains founders who’re tackling local weather change with the primary AI-powered decarbonisation platform in Asia Pacific; serving to individuals with no design expertise create 3D animation anyplace on the planet; permitting startups to construct machine studying tasks in minutes and days versus months; facilitating one-click checkouts in SEA; constructing Indonesia’s first fintech firm for youngsters; constructing full-stack tech options for Indonesia’s agriculture sector; enabling the following 10 million builders to enter the Web3 area, and far more.
Almost half of Surge 07 corporations had been pre-launch when Surge partnered with them. Some are second or third time founders, and others based their startup proper out of school. Many Surge 07 founders even have in depth expertise of their sectors. The cohort contains the previous CFO of Nykaa, Uber’s first engineers in India, software program engineers who helped construct Apache Hive, an aerospace engineer turned fintech founder, and machine studying engineers who labored on conversational AI at Fb. What’s extra, one-third of the startups on this cohort have at the very least one feminine founder.
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We proceed to be deeply impressed by the ambition and variety of concepts, in addition to the calibre of founders with every cohort. Surge 07 isn’t any exception. We have now partnered with all of our corporations at their earliest stage of firm constructing, with almost half of them nonetheless in pre launch firstly of our partnerships. Our founders convey with them a wealth of expertise and creativity, and we imagine that these dreamers, innovators and class creators have the potential to vary the way forward for our area and the world,” stated Rajan Anandan (pic), Managing Director, Sequoia India & Southeast Asia, and Surge.
Surge 07 is presently in progress and founders are going by way of a rigorous 16-week hybrid program. Previous audio system and mentors in this system embody Siu Rui Quek (Carousell), William Tanuwijaya (Tokopedia/GoTo), Chatri Sityodtong (ONE Championship) and Doug Leone (Sequoia Capital).
Founders are additionally more and more concentrating on their enterprise for a world stage. A majority of the businesses are constructing for world markets from day one and concentrating on audiences past their headquarters. Almost half have a presence in US and European markets. To study extra about Surge and discover out extra about every Surge 07 firm, please click on right here.
