Z Nation Lab Incubator Bike Rental Service ONN Bikes Secures Funding From Grace Capital Ventures

On-demand, self-drive bike rental platform, ONN Bikes has raised an undisclosed amount in funding from Grace Capital Ventures.

The company will utilize the funds to develop its technological base to further minimize human involvement in the routine ground operations.

Launched in May 2016 by Namit Jain and Shanky Munoth, the company provides two-wheelers on a rental basis to companies and individuals, alike. It claims to currently have more than 400 bikes on the road in Bengaluru, Gurugram, and Hyderabad and plans to deploy 700 more bikes in the coming few months.

Onn bikes have been accelerated at Z Nation Lab, a startup incubator and accelerator that focusses on startups with thrust areas including IoT, sensor technology, big data, robotics, MedTech, education, mobile, and payments.

The startup currently operates under two separate verticals catering to both B2B and B2C clients. For businesses, ONN provides commercially registered two-wheelers on lease rentals to logistic companies, food tech startups and other businesses. It also offers long-term lease options starting from six months to three years for the B2B segment. For the B2C segment, ONN provides a fleet of vehicle options, from non-geared scooters to high-end motorbikes.

The startup’s official website boasts of services like point to point connectivity, doorstep delivery and pickup of bikes, security systems, GPS tracking system, on-site accident assistance with comprehensive insurance coverage, bike accessories, and merchandise.

The company intends to expand its operations in Jaipur and Pune and to about 54 cities and tourist destinations in next two to three years. Previously, ONN raised $100K in its angel round of funding, according to an official statement. It also plans to introduce electric bikes and ride sharing feature on its platform.

Earlier in March 2016, Bengaluru-based bike rental startup Wheels treat raised $500K (around INR 3.4 Cr.) in a funding round from Broadbean Capital services, an early-stage, Seed and Pre-Series A venture fund. In October 2016, Hyderabad-based tech-enabled motorbike rental platform, Tazzo Technologies raised about $225K (INR 1.5 Cr) Seed funding from DSG Consumer Partners.

Other startups in this segment include WickedRide, Stoneheadbikes, and Rentabike.

Co-working space Z Nation Lab shortlists 13 startups for its bootcamp

Z Nation Lab, a Mumbai-based co-working space provider and startup accelerator, has launched a startup bootcamp program for firms in the internet, analytics, smart technologies, EduTech, agro-tech, mobile, and machine learning domains.

The program will allow the shortlisted startups to interact with a team of experienced technology veterans, venture capital partners, pitch coaches and subject matter experts from India, Europe, and the Silicon Valley.

Among the 13 shortlisted startups, about three or four selected startups would raise funding, while venture capital firms such as Matrix Partners and Accel India will be part of the investor panel on the demo day and may invest in promising startups.

Some of the mentors who will guide the startups are Salil Pradhan, venture partner and early stage investor at Draper Nexus Silicon Valley; Jurgen Hase, CEO of IoT business at Reliance Communications; Radhesh Kanumury, country head of IBM Global; Anshu Prasher, director at InnoVen Capital, to name a few.

In an interaction with VCCircle in September, Anup Mehta, co-founder of Z Nation Lab said that the firm intends to launch a seed-stage venture capital fund, Zsolt Capital, which will invest in technology startups in India and the US, incubated by Z Nation Lab.

Z Nation Lab was launched in April this year by Mehta, an MBA from SP Jain Institute of Management & Research and director of Mumbai-based Vinay Unique, a real estate venture; Neha Jain, a marketing graduate from Mumbai University with experience in market research; and Khushboo Jain, a former Grant Thorton executive who was also the former CEO of Umang Financial Advisors. The accelerator has a ticket size between $50,000 and $250,000 per startup and will take an 8% to 12% stake in them.

Here are the 13 short listed startups that will be incubated in the next six weeks:

Drona Aviation: Founded in 2014, the startup was incubated at SINE, IIT Bombay and manufactures nano drone platforms for educational and industrial applications. Its flagship product Pluto, a DIY nano drone, can be used to build applications with open source firmware. It can be used in areas such as home security, firefighting, industrial monitoring and defense applications.

Feltso: Founded in 2015, the Telangana-based startup analyses mobile phone reviews. With the help of its proprietary artificial intelligence technology, the firm reads thousands of customer reviews from multiple sources, eliminates fake reviews and prepares a summary in a graphical and easy-to-understand way.

forBinary: Founded by two former Housing executives and IIT Bombay alumni, this startup offers its clients a platform to build customizable mobile apps.

Appsfly: This Bengaluru-based startup offers its users a platform, called AppSteam, to build and distribute micro apps. With micro apps, developers can create a basic copy of any of the native apps found on the Play Store or App Store, with minimal functionality and these copies can be tweaked to serve the purpose of another publisher.

Rubix108: Founded in 2015, this Pune-based startup offers a mobile-based ERP solution for educational institutions to manage day-to-day administration and communication.

GraduFund: This startup offers funding requests for tuition fees, education project and living expenses through crowd funding and donations

Vedic Rishi Astro: This firm provides personalized horoscopes and numerology predictions via an app.

Ayukrt: This Mumbai-based health-tech startup connects patients with doctors as well as pharmacies via an app, which is available in several languages.

ScoutMyTrip: This Mumbai-based firm helps users to plan road trips by signing up on their platform either through the website or through a social network. Users are provided with suggestions of where to stay, what to do, and what to eat. It also connects road travelers with one another.

Play Time Media: Currently in beta, this Mumbai-based startup hopes to solve the parking problem in cities through IoT and social, mobile, analytics and cloud (SMAC). Its platform, Get Parking, helps users find and manage to park with the help of a virtual parking assistant.

Toch: Founded in 2015, this firm offers users an interactive video platform via a mobile application. Users can add clickable hotspots or ‘tags’ to moving persons or objects in video. These tags allow users to view extra content hidden in the video and also offers immersive experiences.

AgroBazaar: This startup aims to connect small farmers directly with institutional buyers through their platform to access bigger markets.

Shash: This Pune-based startup offers payments solutions for online and offline markets.

Z Nation Lab Finalizes 13 Startups for Its Startup Bootcamp

Z Nation Lab is all set to begin its first startup boot-camp with the below shortlisted 13 start-ups starting November 7th in Mumbai.

The selected startups are from the internet, analytics, smart technologies, edutech, Agrotech, mobile, and machine learning domains: Drona Aviation, Feltso, Play-TM, forBinary, Appsfly, Toch, Rubix108, GraduFund, Vedic Rishi Astro, Ayukrt, ScoutMyTrip, AgroBazaar and Shash.

For the next 6 weeks, these startups will extensively interact with our team of experienced tech veterans, venture capital partners, Pitch coach and subject matter experts from India, Europe and Silicon Valley to get deep insights into technology trends, best scale up practices, pro- networking techniques and art of pitching to investors amongst others.

The objective of this startup bootcamp is to help startups realize their true potential and pivot their existing strategy or upgrade their technology if need be or simply package the same product in a different manner and in some cases simply shut shop and start something which will be accepted by the investors and market. Some of the mentors who will guide the selected startups includes Salil Pradhan- VC, Draper Nexus Silicon Valley, Jurgen Hase – CEO IoT Business Reliance Communications, Radhesh Kanumury – Country head IBM Global, Vinit Mehta Co-Founder & Partner – Luminosity Consulting LLP, Ram Chellamuthu – innovative leader award winner and Microsoft veteran, Jairaj Mashru Founder – Bombay Innovation Group, Anshu Prasher – Director at InnoVen Capital, Miten Mehta – Spinta Global and Sunil Ranka – Oracle ACE Award winner and specialist in AI & machine learning and many more.

Over the course of next 6 weeks, all the selected startups will learn pitch techniques from Mr. Roy Terry, who is an ace Pitch Coach from Silicon Valley, understand the personal journey, successes and failures of successful co-founders and learn Investors’ perspectives from veteran venture capital Partners like Accel Capital, Entrée Capital, Accent Capital, Matrix Partners and Nexus ventures before pitching to over 30 plus Venture Capital Investors and Angel Investor networks.

Z Nation Lab Partners With Access Silicon Valley to Build a Virtual Bridge for Startups in India

Z Nation Lab has partnered with Access Silicon Valley to provide a direct platform for startups in India. Startups will now get to access Silicon Valley angels, VCs and serial entrepreneurs in real time, which they otherwise wouldn’t get the opportunity to see, hear or possibly connect with.

In addition, Z Nation Lab has put together valuable workshops to provide entrepreneurs with a perspective on building scalable startups.

“This community will act as a group to provide a link to Silicon Valley ecosystem or “mindshare” as we like to think of it,” the company said in a press release.

Z Nation Lab assists start­ups to scale up not only in India but globally. Its network includes global prodigy mentors and investors with specialization in the fields of IoT, Sensor Technology, big data, robotics, med-tech, education, mobile and payments and are working in collaboration with the Indo-­US corridor.

With various patents registered in their name and having worked with fortune 500 companies including venture capital funds, they bring in over 150+ years of collective work experience. Not just experience, Z Nation Lab strives to bring people together from each and every domain. Starting from lawyers, mentors, Chartered Accountants to web developers and social media marketers, they include them all.

Z Nation Lab selectively invests seed capital, provides strategic and technological support to startups. Thus, enabling them to accelerate in the right direction. They also provide startups with world-class facilities in their collaborative work space in Mumbai and other affiliate centers in Pune, Udaipur, Jaipur, Kolkata, Chandigarh and Indore.

Neha Jain, Co-­Founder, Z Nation Lab said: “Access Silicon Valley is an extension of the overall global vision to build “virtual bridges” between cities in India that have great startup communities and potential to scale. The virtual bridge will enable Startup ecosystem in India to evolve to the next level, bridging the gap between ideation and implementation.”

Z Nation Lab is launching its first live streaming breakfast session in Mumbai, Pune, Delhi, Bengaluru and Hyderabad. Startups will not only get a chance to hear veterans from Silicon Valley but also pitch their next big idea to Z Nation Lab. The details for the same have been published in local community pages on their website.

Z Nation Labs Partners With Access Silicon Valley to Build a Virtual Bridge for Startups in India

In addition, Z Nation Lab has put together valuable workshops to provide entrepreneurs with a perspective on building scalable startups.

Z Nation Lab has partnered with Access Silicon Valley to provide a direct platform for startups in India. Startups will now get to access Silicon Valley angels, VCs and serial entrepreneurs in real time, which they otherwise wouldn’t get the opportunity to see, hear or possibly connect with.

In addition, Z Nation Lab has put together valuable workshops to provide entrepreneurs with a perspective on building scalable startups.

“This community will act as a group to provide a link to Silicon Valley ecosystem or “mindshare” as we like to think of it,” the company said in a press release.

Z Nation Lab assists start­ups to scale up not only in India but globally. Its network includes global prodigy mentors and investors with specialization in the Indo-­US corridor.

With various patents registered in their name and having worked with fortune 500 companies including venture capital funds, they bring in over 150+ years of collective work experience.

Z Nation Lab selectively invests seed capital, provides strategic and technological support to startups. Thus, enabling them to accelerate in the right direction.

Neha Jain, Co-­Founder, Z Nation Lab said: “Access Silicon Valley is an extension of the overall global vision to build “virtual bridges” between cities in India that have great startup communities and potential to scale. The virtual bridge will enable Startup ecosystem in India to evolve to the next level, bridging the gap between ideation and implementation.”

Z Nation Lab is launching its first live streaming breakfast session in Mumbai, Pune, Delhi, Bengaluru and Hyderabad. Startups will not only get a chance to hear veterans from Silicon Valley but also pitch their next big idea to Z Nation Lab. The details for the same have been published in local community pages on their website.

Z Nation Lab Partners with Access Silicon Valley to Build a Virtual Bridge for Startups in India

Z Nation Lab has partnered with Access Silicon Valley to provide a direct platform for startups in India. Startups will now get to access Silicon Valley angels, VCs and serial entrepreneurs in real time, which they otherwise wouldn’t get the opportunity to see, hear or possibly connect with.

In addition, Z Nation Lab has put together valuable workshops to provide entrepreneurs with a perspective on building scalable startups.

“This community will act as a group to provide a link to Silicon Valley ecosystem or “mindshare” as we like to think of it,” the company said in a press release.

Z Nation Lab assists start­ups to scale up not only in India but globally. Its network includes global prodigy mentors and investors with specialization in the Indo-­US corridor.

With various patents registered in their name and having worked with fortune 500 companies including venture capital funds, they bring in over 150+ years of collective work experience.

Z Nation Lab selectively invests seed capital, provides strategic and technological support to startups. Thus, enabling them to accelerate in the right direction.

Neha Jain, Co-­Founder, Z Nation Lab said: “Access Silicon Valley is an extension of the overall global vision to build “virtual bridges” between cities in India that have great startup communities and potential to scale. The virtual bridge will enable Startup ecosystem in India to evolve to the next level, bridging the gap between ideation and implementation.”

Z Nation Lab is launching its first live streaming breakfast session in Mumbai, Pune, Delhi, Bengaluru and Hyderabad. Startups will not only get a chance to hear veterans from Silicon Valley but also pitch their next big idea to Z Nation Lab. The details for the same have been published in local community pages on their website.

Z Nation Lab Starts Accelerator Program for Enterprise Startups Focusing on Creating an Edge through Technology

The 45-day program will include rigorous training with a focus on product validation, market penetration, team building, system integration, Partnerships and deep linking, PR and social media strategies, pitch evaluation and presentation, project plans preparation and investor connect.

Z Nation Lab starts one of its kind accelerator program for startups in India with prodigy mentors, investors and pitch coaches from USA, Israel, China and UK. Recently, it shortlisted 20 enterprise and technology startups after evaluating more than 150 startups in the Internet of Things (IoT), gaming, sensor technology and other enterprise segments for a one to one session with Salil Pradhan – Silicon Valley veteran and a mentor and advisor at Z Nation Lab.

The 45-day program will include rigorous training with a focus on product validation, market penetration, team building, system integration, Partnerships and deep linking, PR and social media strategies, pitch evaluation and presentation, project plans preparation and investor connect.

The Accelerator program will be followed by a 12-15 months incubation program for selected startups which will be incubated at Z Nation Lab. Z Nation Lab will invest up to Rs. 25 lakh to Rs 75 Lakhs for an Equity Stake. Additionally, it will provide support from its ecosystem partners like Amazon Web Services, Google Cloud platform, Freshdesk, Paytm and professionals i.e CA Firms, Law firms, IP consultants etc. that costs anywhere between Rs 5 lakh and Rs 10 lakh per startup.

Anup Mehta – (Co-Founder, Z Nation Lab) said that more than 50% of the Mentors and Trainers are specialists from the US and other countries. Our partnership with Access Silicon Valley enables us to connect startups and investors in more than 25 top startup destinations in the world. In affiliation with Washington DC-based GOVonomy, we will help technology startups grow into the US government markets and also provide them with the opportunity to work with the US Government.

Neha Jain – (Co-founder Z Nation Lab) said that apart from investing its own funds in startups, Z Nation Lab is backed by 15 large venture Capital firms and a large group of Angel investors to invest in startups incubated at Z Nation Lab.

Z Nation lab has collaborative work space in Mumbai with affiliate centers in Pune, Jaipur, Bengaluru, Chandigarh, Indore, Chennai and satellite office in Silicon Valley, USA, UK and China for startups in India.

Z Nation Lab an extensive mentor panel for their accelerator program which includes prominent and established veterans from Silicon Valley and India.

Shashank Randev – (Director Z Nation Lab), said that the team and mentors at Z Nation Lab will shortlist top startups from India through a rigorous pruning process over the next one month so to ensure quality startups with potential to scale up globally are selected, trained and invested appropriately both in terms of mentor time and money.

Exclusive: Zsolt Capital to float early-stage VC fund for tech startups

The founders of Z Nation Lab, a Mumbai-based co-working space provider and startup accelerator, are planning to launch a seed-stage venture capital fund to back technology firms, joining a growing list of investors in the startup ecosystem. Zsolt Capital plans to invest in startups, preferably incubated by Z Nation Lab, in India and the US, co-founder Anup Mehta told VCCircle.

Z Nation Lab Launches Incubator For Tech Startups In India

Z Nation Lab has launched an incubation and accelerator program in Mumbai. It will focus on startups functioning in the US-India corridor.

The platform will also offer collaborative workspaces in Mumbai. It has already selected 20 startups for its first batch. Of the 20 selected companies, five will be taken further ahead in its accelerator program which will last for 15 months.

Besides helping with product development, it plans to provide mentors, chartered accountants, lawyers, application and web developers and social media marketing and support in pitching the ideas.

Z Nation Lab was founded by Anup Mehta, Khushi Jain and Neha Jain in April 2016. It focusses on startups with thrust areas including IoT, sensor technology, big data, robotics, MedTech, education, mobile, and payments.

Its average investment size ranges from $50K to $250K per startup. Owing to this investment size, Z Nation Lab will take 8% to 12% stake in the funded startups. According to its official website, it has affiliate centers in Pune, Jaipur, Bengaluru, Chandigarh, Indore, Chennai and Silicon Valley.

Anup Mehta, co-founder, Z Nation Lab said, “Of the 20, three to five companies will be finalised for an acceleration program that will stretch up to 15 months. The accelerator is looking for validated business ideas, with innovation in technology, which can be scaled with business acumen.”

Nitin Pradhan, founder, Washington DC-based Launch Dream Accelerator has been roped in as one of the mentors for the program. Salil Pradhan, Venture Partner at Draper Nexus Venture, is a board advisor at Z Nation, stated Mehta in an official statement.

The firm is affiliated with Washington DC-based Govonomy to help technology startups grow in the US market, and provide them with the opportunity to work with the US Government. It also claims to have more than 80 patents registered in the firm’s name.

Salil Pradhan, Board Advisor, Z Nation Lab, said he expects enterprise software and SaaS segments to see a resurgence in the Indian market. Z Nation plans to conduct a 45-day boot camp four times a year and select up to 25 startups in its affiliate centers for the accelerator program.

The firm is also in the process of getting registration from Atal Incubation Centers, which will provide it with $1.5 Mn (INR 10 Cr) for a five-year license to run the incubation centers.

Last month, in order to boost the hardware startup ecosystem in the country, the Indian arm of global tech company Intel decided to launch a hardware incubator program called Plugin. It has also tied-up with IIT-Bombay’s Society for Innovation and Entrepreneurship (SINE) and the central government’s Department of Science and Technology (DST), for a period of three years.

Following that, the Ministry of Electronics and Information Technology (MeitY) set up an incubation center ‘Electropreneur Park’ at University of Delhi, South Campus. It plans to incubate 50 early stage startups and create at least 5 global companies over a period of five years.

This development was first reported in VCcircle.

Z Nation Lab starts accelerator program for startups focusing on India, US

Three professionals with experience in investment banking, market research and real estate have floated an accelerator and incubator called Z Nation Lab that will back startups which will target both the Indian and US markets.

The accelerator will offer mentoring programs and collaborative workspace in Mumbai. It has shortlisted 20 enterprise and technology startups in the first batch, after evaluating more than 150 ventures in the Internet of Things (IoT), gaming, emoticon and sensor technology segments.

Of the 20, three to five companies will be finalized for acceleration program that will stretch up to 15 months, co-founder Anup Mehta said.

Mehta studied MBA at the SP Jain Institute of Management & Research and is director of Mumbai-based Vinay Unique, a real estate collaborative venture between Vinay Group of Companies and Unique Group of Companies.

Co-founder Neha Jain is marketing graduate from Mumbai University with experience in market research. The third co-founder, Khushboo Jain, previously worked with Grant Thorton and was the former CEO of Umang Financial Advisors before starting Z Nation Lab.

Established in April, Z Nation Lab has a ticket size of between $50,000 and $250,000 per startup and will take an 8% to 12% stake in startups, Mehta said.

Mehta said the accelerator is looking for validated business ideas, with innovation in technology, which can be scaled with business acumen. It has affiliate centers in Pune, Jaipur, Bengaluru, Chandigarh, Indore, Chennai and Silicon Valley.

Besides helping with product development, it plans to provide support in pitch coach, mentors, chartered accountants, lawyers, application and web developers and social media marketing support that costs anywhere between Rs 5 lakh and Rs 10 lakh per startup, he said.

One of the mentors Z Nation is working with is Nitin Pradhan, founder of Washington DC-based Launch Dream Accelerator. Salil Pradhan, venture partner at Draper Nexus Venture, is a board adviser at Z Nation, Mehta said.

The firm is also affiliated with Washington DC-based Govonomy to help technology startups grow in US government markets and provide them with the opportunity to work with the US government, according to its website.

Salil Pradhan, who has 54 US patents, said he expects enterprise software and software-as-a-service segments to see a resurgence in the Indian market. Z Nation plans to conduct a 45-day boot camp four times a year and select up to 25 startups in its affiliate centers for the accelerator program, he said.

Mehta said the firm is in the process of getting a registration from Atal Incubation Centers, which will provide Rs 10 crore for a five-year license to run the incubation centers.

Z Nation Lab opens doors to Silicon Valley for Startups in India

Z Nation Lab is inviting startups for a one-to-one session with Silicon Valley expert and live pitching session with VC firms in Mumbai.
About: Z Nation Lab
Z Nation Lab is an accelerator and co-working space in Mumbai with the focus on the India – US Corridor. They have a team of prodigy mentors with 80 plus patents registered in their name and specialize in IOT, Sensor technology, big data, robotics, Med tech, Education, Mobile and Payments.
At Z Nation Lab they are predominately looking at Enterprise startups or a cutting edge technology product that has potential to go global. Z Nation Lab has a very strong nexus to Silicon Valley with the majority of their board based in the US and their partnership with Access Silicon Valley enables them to connect startups and investors in more than 25 top startup destinations in the world. With a Washington DC based Govonomy, Z Nation Lab helps technology startup’s growth into the US government markets and work with the US Government.
Z Nation Lab provides startups with a world class ecosystem at their state of the art co-working facility in Mumbai and affiliate centers in Pune, Jaipur, Bangalore, Chandigarh, Indore and Chennai. Z Nation Lab’s office in Silicon Valley can help Startups get the much needed global recognition and reach to the Silicon Valley.
They endeavor to bring a complete ecosystem to Startups by providing them a team consisting of a Pitch Coach, Mentors, Chartered Accountants, Lawyers, Application and Web developers and Social Media marketing support, all at Z Nation Lab.

Anup Mehta, Co-Founder at Z Nation Lab said: “This is a great opportunity for startups in India to get insights and get mentored directly from world-renowned Silicon Valley veteran.”

About: Salil Pradhan

Salil is a Venture Partner with Draper Nexus Ventures and an advisor to corporate LPs on product strategy and M&A. He has been frequently quoted by leading publications and recently named as top 10 influential people in Silicon Valley by Huffington Post .
Salil has been issued 54 US patents, in areas related to sensors, IOT and computer systems. Salil spent 10 years at Hewlett Packard in a variety of roles, including the position of CTO at HP’s Enterprise RFID / IOT business. Salil’s all-round experience as an entrepreneur, venture capitalist, product executive and corporate strategist makes him a sought-after panelist and judge at venture pitch events.
He serves on the Board of many tech startups companies like Momentfeed Inc., Chirp Microsystems, Notion (Hetnotion.com), is a mentor at the Plug & Play Tech center and a Cincinnati-based Brandery, and an advisor to a number of tech startups. He has also served on the advisory boards of UCLA’s WINMEC and UCSD’s Center for Wireless Communications.

Khushi Jain, Co-Founder at Z Nation Lab said: “Startups in India will now have direct access to Silicon Valley members and resources. Which will be the key to getting global recognition and the right platform for writing their success story.”

To get the chance and secure a place for a one to one discussion with Mr. Salil Pradhan, Send us a short description of your company at pitch@znationlab.com
Venue: Z Nation Lab, B/7, 32 Corporate Avenue, near paper box, off Mahakali Caves Road, Andheri-east, Mumbai-400069.
Date: 2/09/2016
Time: 11:00 am onwards
Place: Mumbai