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About Bluebolt Accelerator

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.

Its Different

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.

In this candid interview with TechStory, Anil Chhikara Opens Up About the Accelerators and Incubators in India.

itsdifferent

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.

-- Elon Musk --

Our Team

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.

team

Founder CEO

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Anil Chhikara

team

Founder & Director

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Vikram Jhunjhunwala

The India Story

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.

theindiastory

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.

For additional info, refer to:

Google Accel Report - SaaS India, Global SMB Market

Digital SMBs: Powering India into the future

GrantThortan: Startups India, a perspective

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.

Let's Talk

FAQ's

Frequently Asked Questions

We only work with enterprise tech startups. For more details please refer to “Apply” section.
No, we do not work or believe in batches. We believe each startup is unique and needs one-to-one focus. We select and start working with startups anytime around the year. So if you are an enterprise tech startup, then let’s talk now.
We will work actively with the startups we choose to work with for 12 months. At the beginning of the engagement, we will do a deep dive into the business model and operations of the startup. We then come up with a detailed plan jointly with the founders on what needs to be done to take the startup to a sustainable revenue stage and ready for Seed or Series A investment. A road map with detailed roles and responsibilities of both founders and Bluebolt is drawn up with a monitoring framework. In the next 12 months we work practically like members of the founding team to achieve these set goals and get to the next level.
Yes, we initially invest in each startup we work with through our network of investors.
Yes, we do take a flat 5% sweat equity in each startup that we work with. No other fees or expenses are charged from the startup.
We are sector agnostic. For more details, refer to “Apply” section.
With the explosion of coworking spaces and the rich entrepreneur community, we believe space is no longer a constraint for startups. We do not provide any office space and related infrastructure support. However we have partnered with leading coworking space providers to help our selected startups get space at special rates.
No, we don’t provide this directly. However we do have partners who can provide you these services at special rates.
No, we will not do that as we believe in 100% committing to the startups we choose to work with and this would create a conflict of interest for us. However, we will accept startups that work on similar technologies to provide different solution to different market segments.
Our founders are based in India (Delhi NCR and Bangalore). However our model which does not provide a physical space, works with each startup on a one-to-one basis allows us to work with startups based anywhere in India or Europe.

Contact Us

We'd really love to hear from you so why not drop us an email and we'll get back to you as soon as we can.

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