wordpress blog stats
Connect with us

Hi, what are you looking for?

Morpheus To Work With Older Companies Going Forward

Startup accelerator The Morpheus has shifted its operating style. Instead of working with only early-stage companies for four months at a time, it will now work with startups that have been around for up to 10 years. Economic Times had quoted Sameer Guglani, cofounder of The Morpheus as saying that it was shutting down accelerator program in its current form. Morpheus clarified later via a blog post that it was changing the way it works. In the new avatar, The Morpheus will continue to work with a few early-stage startups, but not in batches of four months like it did earlier. The biggest difference is the fact that it will focus on companies that are 2-5 years old and even with those that have been in business for 5-10 years. Till now, it used to invest only in early stage startups that were less than two years old and also used to invest Rs 5 lakh in them. It is not clear how The Morpheus will help older companies or how much money it will invest in them. The accelerator that was started six years back, has worked with 82 companies in ten batches. Out of these, 28 received funding, 10 are still active, six are profitable, seven are yet to graduate and 26 shut down. The Morpheus exited five startups it invested in. It had selected 8 companies to be part of its ninth batch in February, but it's not clear when they passed out.  It also hasn't released Letter to…

Please subscribe/login to read the full story.
Written By

I'm passionate about technology and gaming. You can follow me <a>@chupchap</a>

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ