Hyderabad based 1 year old start-up MartMobi becomes the latest Indian start-up to be selected to TechStars-often considered the world’s most successful accelerator. Founded by Serial technology entrepreneurs, Satya Krishna Ganni and Pramod Nair, MartMobi will leverage this opportunity to expand its footprint globally with strong focus on US expansion.
“We are excited to have MartMobi join TechStars and strongly believe in the team and their vision. We hope this would inspire many other Indian start-ups to apply to TechStars” says Troy Henikoff, Managing Director, TechStars
TechStars is one of the most competitive and sought after startup accelerator programs globally, with less than 1% of the companies that apply to the program being accepted every year. That makes the program harder to get into than Harvard or Yale.
“Having tasted success in India and the US through partnerships with market leaders such as Shopify, Zepo, Bigcommerce, Yahoo and Amazon, we would like to now quickly scale to more than 15,000 customers globally in the next 2 years,” says CEO Satya.
MartMobi was started with seed capital from IIIT Hyderabad and later raised funding from BitChemy Ventures and Srini Koppolu,the former Managing Director of Microsoft’s India Development Center.The company offers an end-to-end mobile commerce platform for online stores, brands and retailers to go mobile seamlessly. In addition they provide powerful analytics and marketing toolkit and deep shopping cart integrations.
Speaking about the future outlook, CTO Pramod Nair says, “Our cutting edge technology has helped us make global inroads. We will continue to focus on technology and build on user experience to deliver the world’s best platform to our customers.”
Given that Mobile Commerce is at a tipping point worldwide, we truly believe that we have a great opportunity to create the next Shopify for Mobile, adds Satya Krishna Ganni as a closing note.
MartMobi is an Innovative Mobile eCommerce platform that creates instant mobile and tablet presence (Mobile Sites and Native Apps) for eCommerce stores, Brands and Retailers. It enable seamless connectivity with their existing back end systems without the need to write a single line of code. In addition they power a ” Real time Analytics Engine” to improve conversions and user engagement. The company is headquartered in Hyderabad, India with a US office.
TechStars is a US based mentorship-driven startup accelerator founded by David Cohen and Brad Feld. Fewer than 1% of the companies that apply to TechStars are accepted every year. TechStars mentors include Foursquare CEO Dennis Crowley, Tumblr CEO David Karp, HubSpot co-founder and CTO Dharmesh Shah, and Fred Wilson of Union Square Ventures. Some of the popular graduates of the program are SendGrid, Digital Ocean, Shuttlecloud, OnSwipe.
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