Since it was founded in 2013, JioGenNext, the startup accelerator backed by Reliance Industries, has been a strong catalyst in empowering India’s startup ecosystem. JioGenNext advises and mentors founders for launching their startup in the Jio ecosystem and also supports them through strategic Investments and commercial partnerships.
So far, the startup accelerator has accelerated 136 startups in 11 batches covering verticals as diverse as Healthcare, Education, Fintech, Retail & Logistics, Travel, Gaming, Media, Original content, Adtech, Agriculture, E-Commerce, Learning and Development, Cyber Security, Enterprise IT, and Telecom. Infact, companies like Headspin and LogiNext who were in the programme have collectively raised almost $100 mn in 2020 alone.
“We were fortunate to get into the programme in 2016. It was during the early days of FlytBase, and we were still trying to identify the initial product-market fit. There were several learnings from the programme, one of which resulted in the creation of a strong inbound channel over the last 3+ years, thereby helping us maintain a good conversion ratio and a low CAC, while continuing to attract global customers for our world-class products. That apart, we also learnt about the investor mindset, when to raise capital, whom to raise it from, and how to pitch,”
“We have actually grown from Zero end-users to one million monthly active users on Jio Saarthi, digital assistant in MyJio app primarily because of JioGenNext. And, onboarding Reliance Jio as our first enterprise client proved to be a huge validation. It helped to answer the questions regarding our ability to answer scale in the enterprise market.”
“Often, the founders are running their race with blinders; and we then need an external mentor or a well-wisher, who is the change agent to take off our blinders and give us some fresh perspective. The JioGenNext program did just that for us. We now clearly see opportunities to make Rapidor truly a leading B2B transaction platform. The fresh perspectives from the curated sessions clubbed with strong market connects; has played a key role in helping us re-strategise, and reposition our product. I immensely value the opportunity we continue to have, to collaborate not just with Jio, but also with the other startup founders in the program.”
Demo Day provides promising startups a platform to showcase their potential to key stakeholders - investors, customers, i-bankers and GTM partners. Over the years, several successful startups have emerged through Demo Day progressing rapidly in growth and sustainability.
Demo Day May 2020 marks the launch of yet another batch of high-potential startups that have been hand-selected and nurtured by JioGenNext. However, while the Demo Days so far have been in-person events, where startups pitched to a room packed with VCs, investors, leaders from Reliance ecosystem and other industry leaders, Demo Day 2020 is going online. The pitches that are traditionally delivered by the startup live on stage for Demo Day will be pitched live in real-time to all stakeholders online.
We are also opening up the Demo Day. By registering, you will get to watch startups that are building impactful companies and their pitches to the investor community.
By taking the Demo Day online, JioGenNext continues to strive in its commitment to strengthen the startup ecosystem and nurture the growth of innovative businesses.
2019 saw JioGenNext steering the accelerator in a new direction by hosting and mentoring sector-specific startups. The startups are solving some of the key challenges faced by SMBs and MSMEs and to support their growth by providing access to Reliance’s large distribution network.
A cloud-based authoring tool for enterprises to create, publish and analyse usage of Virtual Reality web applications.
A book-keeping and payment platform that enables micro-merchants to collect their regular payments on time.
An end-to-end e-procurement platform for large enterprises to run their e-auctions and gain a significant cost advantage.
Analysis of vendors and batch of fruits using non-invasive testing and optimising procurement for Reliance Fresh.
The six-week full-time programme helps disruptive startups build their business from the ground up through a two-stage approach, which involves intensive mentoring, followed by a Proof-of-Concept with RIL / Jio. The programme thereafter tracks each startup’s progress from the point of view of acquisition and/or long-term commercial partnership.
Key modules of the programme include exhaustive one-on-one mentoring with industry experts, developing a business model canvas and operational plan, evaluating product-market fit and corresponding product roadmap, growth hacking strategies, digital marketing and PR strategies, among others.
The programme also boasts of strong partnerships with multiple ecosystem stakeholders. This includes Microsoft Azure, Accenture, EY, Amazon WebServices, Alchemist Accelerator, as well as investors such as Kalaari Capital, 3one4 Capital, Indian Angel Networks, Upekkha among many others.