Delhivery, India’s largest fully integrated logistics services provider, has joined hands with private equity firm Nexus Ventures and Amazon Web Services (AWS) to launch Velocity, a six-week startup accelerator program to nurture and empower the next generation of entrepreneurs and innovators in the logistics landscape.
The first edition of the program, which kicked off in August 2023, brought together leading financial and sectoral experts to provide incisive, industry-led mentorship to the selected startups. It included over 15 sessions covering a wide range of topics essential for startups, from mentors such as Vibhor Jain, President – Network Governance & COO of ONDC; Rohit Kapoor, CEO of Food Marketplace at Swiggy; and Naman Jain, Founder of Falcon Autotech.
20 early-stage startups were selected from among 234 applicants. The cohort spanned sectors and startups, which included:
- Warehousing-focused ODWEN, Wherehouse, and Warehousity
- EV fleet providers, including EVIFY and Zyngo
- Agritech startups such as Upjao Agrotech and E Sandhai
- Aggregator platforms Paapos, Hyphen SCS, and Loadexx, among others
Armed with insights, knowledge, and practical advice in subjects such as people & culture, fundraising strategies, growth hacking, and profitability, startups presented their solutions to VCs and influential superangels. In addition, each startup received AWS Activate Credits worth USD 25,000 that can be utilized to access AWS cloud services for building and scaling their technology infrastructure without incurring high upfront costs.
Velocity is a unique opportunity for early-stage startups to gain access to valuable mentorship, resources, and networking opportunities to help them accelerate their growth and success. The program also highlights the growing interest in the logistics sector from investors and stakeholders, as technology-driven innovation continues to play a pivotal role in transforming the industry.
About Delhivery Ltd: Delhivery can help you move your goods from point A to point B, regardless of the size or weight of the shipment. They can also help you store your goods in their warehouses and manage your supply chain. Additionally, they offer a variety of value-added services to make the shipping process easier and more efficient for you.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.