Bluebolt is an enterprise tech startup accelerator. We are sector agnostic but focus on startups that use IoT, Cloud/SaaS, Big data & Analytics, AI/ML, Cybersecurity, robotics, autonomous driving etc. to disrupt the traditional enterprise solution providers or create totally new offerings. We also love working with Startups focusing on digitalising the Indian 51+ million strong SMB segment.
We are a big believer in Blue Ocean Strategy developed by W. Chan Kim and Renée Mauborgne. Lasting success and business value increasingly comes, not from battling competitors, but from creating blue oceans of untapped new market spaces ripe for growth. We work with Startups to help them create blue oceans by disrupting existing markets, creating totally new ones and dominating them.
The Bolt signifying speed of execution comes from our favourite inspiration, Super athlete Usain Bolt. We believe the attitude to life and the fun he has is important for founders to have while they are growing their startups.
When accelerators started in India 2-3 years back, they provided office space, business model advice, strategy advice, legal support, marketing help, mentor & investor connect etc. all under one roof. In return, Accelerators could easily take equity as high as 10-15% as these were not easily available in the ecosystem.
In the last 12-18 months, the co-working phenomenon has exploded in all startup hubs across India. And now most of these facilities that accelerators provided are easily available to startups, that too without giving away any equity.
Co-Working spaces offer access to startup community, flexible cost space, access to legal and marketing experts access to mentors and investors. Besides this, there are startup pitches and competitions going on all the time.
Accelerators that built big teams and fancy office spaces are now stuck as entrepreneurs do not see the value in offering precious equity for something that is easily available and in most cases free of cost. The old breed of accelerators are fast losing their relevance and are dying.
Bluebolt Accelerator has developed a unique asset-free, face-to-face and one-on-one acceleration model to focus on the key requirements of startups - hands-on help in refining their business model, access to right kind of industry mentors, taking it to market, reaching a predictable revenue stage and getting them funded. It has aligned with strategic partners like coworking spaces, legal/marketing companies serving startups and industry events.
Bluebolt Accelerator is founded and run actively by serial entrepreneurs who have built successful businesses themselves and not by hired guns with no entrepreneurial experience. We understand what it takes practically to build and scale a startup. Once the business model is ready, we help startups connect with their customers - for validating it initially and finally launching it. This means connecting them to large corporates to validate, become early adopters and sometimes even go-to-market partners. With early stage investors and seed finds being part of Bluebolt internal investors team itself, this gives its startups easy investor access.
I think the best way to attract venture capital is to try and come up with a demonstration of whatever product or service it is and ideally take that as far as you can. Just see if you can sell that to real customers and start generating some momentum. The further along you can get with that, the more likely you are to get funding.
Bluebolt Accelerator is founded and run actively by serial entrepreneurs who have build successful businesses themselves and not by hired guns. Having built startups from scratch, raised multi million dollar investments and built global businesses, distribution networks and strategic partnerships, we understand what it takes practically to build and scale a startup.
Anil is a serial entrepreneur at heart and believer in power of dreams. Anil loves mentoring budding entrepreneurs and innovative startups on building biz plans, successfully pitching to investors, go-to-market strategies & scaling up businesses. In 2001, Anil founded 24x7 Learning and led its growth over a decade to become India’s largest e-learning implementation company besides successfully raising multiple rounds of investments including $4m from Network 18 in 2007. Prior to founding 24x7 Learning, Anil had successfully setup and launched businesses for two large multinational companies in India. Anil is a well-regarded startup mentor in the Indian startup ecosystem and a TEDx speaker. Anil was the anchor judge for Haywards 5000 Haunslay ki Udaan, India's First Startup Reality TV Show and the official startup coach for The Vault Show, India's answer to Shark Tank. Fondly known as Katappa of the Indian startup ecosystem, Anil is admired for his outspoken no-nonsense views about the startups and the ecosystem. He is most sought after judge for startup pitching events and hackathons. He has judged over 20 such events in the last 12 months. Anil's personal passion is Sculpting and he has won several national level prizes in fine arts. Besides his engineering from NIT Kurukshetra, he has studied sculpting at New York Academy of Fine Arts and about art markets at Sotheby’s Institute of Art in London. (To know more visit www.anilchhikara.com or LinkedIn Profile )
Vikram has vast Investment Banking & Capital Markets experience spanning over 25 years involving more than 175 deals valued at over $2 billion. It covers the full range of mergers & acquisitions, capital markets, private equity, debt placement, restructuring and business advisory across sectors such as Telcom, Media & Entertainment, Energy, Information Technology, Manufacturing, Services etc. Vikram became an entrepreneur in 2004 and since then has intensive experience in investment management which includes proprietary Investments in telecom, media, hospitality, agri-business and startup/ incubation funds. He has worked at senior positions with Coca Cola, Reliance, Ernst & Young, Star TV and ANZ Grindlays Bank. As a Director in BusinessWorld, he played a key role in its acquired from ABP Group in October 2013. BusinessWorld is India's largest business magazine with a strong presence in Print, Digital, Events and Business Verticals. As a Co-Founder of Vas Agri Ventures, an innovative startup involved in India's 1st Hydroponics Agri venture, he successfully raised $4.5 investment from Infraco Fund, Singapore. As Director & CFO of Global Energy Talent for 4 years, Vikram orchestrated a turn around to profitability culminating in a successful exit in 2016 to a large Dubai based business group. In 2004 Vikram founded FiNoble Advisors, an Investment Banking and Asset Management Company which was successfully sold to a European Commercial Bank in 2008 at a $20m valuation. In Coca-Cola India from 1996 to 2000, Vikram was responsible for Mergers & Acquisitions, spending over a $1B to acquired India's biggest brands ThumsUp, Maaza, Limca and Gold spot besides 48 bottling plants. (To know more visit LinkedIn Profile)
India is now the third largest startup ecosystem behind US and UK with over 10000 tech startups. A significant trend is the growth of B2B startups (now 40% of all startups) with major focus on Cloud, Big Data & Analytics, IoT, AI. The mortality rates in B2B startups is also significantly lower than B2C startups. The biggest advantage for startups is the big domestic Indian market.
As per recent study by Google, Global SaaS is slated to be a $132B revenue industry by 2020 driven by 2x growth in US and strong demand from Europe and Asia. The recent demonitisation move by government has not only given a impetus to Fintech startups but also pushed the 50m+ SME segment towards a digital way of doing business.
The Indian startups are now uniquely positioned to not only address the exploding Indian market but also address the US, Europe and Asia markets. And not just for Indian startups, India is being viewed as the next lucrative market after China by startups from Europe, US and Asia Pacific.
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We only work with select few startups at a time. The startups we would love to work with should have a good market potential in India with also the ability to scale up globally.
We do NOT work with idea stage startups. We focus on early stage pre-revenue startups that have great teams or are addressing a unique market in a disruptive way but need some work in their biz strategy and help to reach out to right connections to scale up their revenues.
The final outcome that will drive the selection of a startup is our ability to add value to the startup, its potential to quickly scale up its revenues to a self sustainable stage and attract future investment or get acquired through our influencer network.
Frequently Asked Questions
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