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BYTES secures funding from Nikhil Kamath’s WTFund

EntrackrEntrackr · 4m ago
BYTES secures funding from Nikhil Kamath’s WTFund
Medial

Snippets BYTES secures funding from Nikhil Kamath’s WTFund BYTES, an AI-powered ADAS for two-wheeler mobility, has emerged from stealth mode and secured funding from Nikhil Kamath’s WTFund as part of its second cohort for 2024. The company has secured a ₹20 lakh non-dilutive grant to accelerate its aim of enhancing road safety through cutting-edge AI and computer vision technology. The fresh funds will be used to launch pilot programs with leading two-wheeler OEMs, integrating its AI safety system into real-world use cases, BYTES said in a press release. Launched in August 2024 by Prakhar Agrawal and Aayush Kumar, BYTES builds an AI-powered Advanced Driver Assistance System (ADAS) for two-wheeler mobility. Their proprietary vision technology and advanced AI models provide real-time alerts and can take partial control in critical moments, helping riders avoid accidents. According to the Bengaluru based company, it has recently launched an advanced driver assistance system (ADAS) for two-wheelers. The company is backed by WTFund, IIMB’s NSRCEL (an incubator for startups and entrepreneurs), NVIDIA’s Inception Program for Startups, Microsoft for Startups, and the Wadhwani Foundation. As per market research, every year, over 50 million road accidents occur globally, with two-wheelers accounting for 60% of them. Human error contributes to 90% of these crashes, and the absence of robust safety features increases the risk of fatality by 40%. BYTES aspires to create a future where no two-wheeler accident results in a preventable loss of life. The company focuses on bridging the safety gap for two-wheelers with a scalable, technology-first approach. WTFund provides up to Rs 20 lakh in grant funding, along with mentorship and strategic partnerships, to help startups scale their impact.

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Nikhil Kamath announces second cohort of WTFund

EntrackrEntrackr · 5m ago
Nikhil Kamath announces second cohort of WTFund
Medial

Snippets Nikhil Kamath announces second cohort of WTFund WTFund, an initiative for entrepreneurs under 25, led by investor and entrepreneur Nikhil Kamath, has unveiled its second cohort, featuring 22 founders. WTFund provides up to Rs 20 lakh in grant funding, along with mentorship and strategic partnerships, to help startups scale their impact. By democratizing access to opportunities, WTFund has positioned itself as a launchpad for first-time founders, fostering a culture of innovation, resilience, and learning. It aims to bridge critical gaps in India’s startup ecosystem while empowering young entrepreneurs to build and grow. According to WTFund, it received applications from over 50 cities, including those from all tiers and remote areas. The second cohort features solutions spanning tech/SaaS, D2C, edtech, fintech, healthtech, agritech, and cleantech, driving innovation at scale. The applications also reflected a strong mobile-first mindset across all tiers. Tier 1 startups are pioneering AI/ML-driven B2B solutions, while Tier 2 and 3 founders are building vernacular-first B2C innovations tailored for India's diverse markets. These entrepreneurs are addressing local challenges while creating globally scalable solutions. The second cohort highlights nine startups, each bringing innovative solutions with the potential for significant impact. These include Nasadya, InnerGize, Armatrix, Drnk, Neoperk, ReferRush, Modus AI, Bytes, and Ai.gnosis. WTFund is designed to empower young entrepreneurs under 25 by providing early-stage grants, mentorship, and resources. Led by Nikhil Kamath, it backs founders solving critical real-world problems across sectors like healthtech, energy transition, AI, and space tech, enabling them to scale without immediate dilution pressures. The fund aspires to democratize access to capital and nurture a new generation of bold, risk-taking entrepreneurs shaping India’s future.

Nikhil Kamath launches WTFund for entrepreneurs under 25

EntrackrEntrackr · 1y ago
Nikhil Kamath launches WTFund for entrepreneurs under 25
Medial

Zerodha co-founder Nikhil Kamath has launched a non-dilutive, grant-based fund for entrepreneurs aged 25 and under. The fund will support young entrepreneurs and offer a comprehensive package including a non-dilutive grant of Rs 20 Lakh, which will enable founders to retain full equity in their ventures. WTFund willl also provide access to operator-first mentorship pods, a vibrant community through the WTF ecosystem, and feedback opportunities, among other benefits. The fund will select 40 entrepreneurs aged 25 or below for funding and mentorship over one year. The founders who get selected will receive support until they secure their first institutional funding, according to the statement. The WTFund will begin accepting applications from April 15 through its website and the selected candidates will undergo a screening process and receive support until they secure their first institutional funding. Kamath introduced the fund during a podcast in October last year. Under this initiative, the entrepreneurs will receive mentorship from Ananth Narayanan (founder of Mensa Brands), Raj Shamani (content creator), Kamath, and Kishore Biyani (Future Group founder).

Change Engine accelerator program to invest $5 Mn in early-stage AI startups

EntrackrEntrackr · 4m ago
Change Engine accelerator program to invest $5 Mn in early-stage AI startups
Medial

Change Engine accelerator program to invest $5 Mn in early-stage AI startups Startup accelerator Change Engine has announced its plan to invest over $5 million over the next five years in early-stage AI startups from India. The initiative is focused on nurturing 6 high-potential AI startups annually, driving innovation in machine learning stack technologies and business applications that serve global markets. According to Change Engine, it aims to build second-generation AI products from India—solutions that go beyond superficial implementations to deliver robust, scalable, and tailor-made innovations. Its 6-month program provides startups with a state-of-the-art sandbox environment, comprehensive support in product development, and a global mentor network. Each year, it will seed 6 startups with $50K each, followed by up to $150K through syndication, paving the way for over $5M in total investment over the next three years. Change Engine claims to have built the AI ecosystem in Delhi NCR, hosting events such as the AI Product Bootcamp at IIT Delhi where over 40 AI enthusiasts received hands-on training from industry veterans at companies like Google, Meta, and Amazon. Previously, it has also done work around understanding the AI research work done by India vis-à-vis other countries. Change engine states that its previous cohorts have achieved significant milestones - Sonic Lambs featured on Shark Tank Season 4 and secured Rs 50L in funding, while CallPrep was spotlighted in Nikhil Kamath’s WTFund list. A feature of the Change Engine accelerator is their Customer Advisory Board, which brings together industry leaders from top US organizations—including Amazon, Google, McKinsey, and Adobe—to provide real-world insights, validate ideas, and refine go-to-market strategies. Gurugram-based Change Engine is a startup accelerator dedicated to building a vibrant AI ecosystem in India. By supporting early-stage startups with capital, mentorship, and strategic industry networks, Change Engine aims to drive innovation and position India as a global leader in AI.

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