Startup accelerator The Morpheus has graduated 12 startups as part of the eighth batch of its Startup Acceleration Program (SAP). This follows a four month incubation program which concluded recently. Along with this announcement, the accelerator has also started accepting applications for its ninth batch of SAP, which is expected to take place between February 1, 2013 and May 31, 2013. What does it offer? As per the accelerator website, The Morpheus will offer Rs 500,000 funding to incubatees along with access to more than 130 company founders in The Morpheus portfolio. The Morpheus team will also serve as a limited co-founder during the four month incubation program. In return, the accelerator will take 6-9% stake in the startup. The 12 startups that graduated in its eighth batch include: - Memetic Labs (Airwoot): Memetic Labs is a Delhi-based startup which is developing an helpdesk product called 'Airwoot'. Through this product, the company aims to help businesses engage their customers on social media channels and resolve customer complaints. It also claims to offer customer support analytics and is currently serving a popular online brand as a pilot customer. Founded by Prabhat Saraswat and Saurabh Arora. - OnlinePrasad: Online Prasad is a Gurgaon-based startup which allows consumers to purchase prasad from various places of worship across the country. Online Prasad will offer the prasad at the temple on the consumer's behalf and later deliver it to the consumer. Started in January 2012, the startup claims to offer prasad from more than 15 places of worship on its website. Founded by…
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