Microsoft Ventures India has announced the final list of technology startups in its 2014 summer batch at the Microsoft Ventures Accelerator Program in India.
The 16 startups in the new batch are Appointy, App Virality, Bookpad, Boutline, Imly, InstaSafe, IntouchApp, Metaome, Sliderule, Voonik, MyBusTickets.in, Praxify, Thinxtream, Touchfone, ZingHR and Zoom.
Out of the 16 startups, few companies are already profitable and have raised funding. For instance, ZingHR has raised funding from Accel and Mumbai Angels, Appointy claims to have already served more than 49000 businesses (25mn USD).
Six of these companies, namely MyBusTickets.in, Praxify, Thinxstream, Touchfone, ZingHR and Zoom, will constitute the newly launched Accelerator Plus Program, which is geared towards more mature companies.
Given that most of the companies in Microsoft Ventures already have customer traction/raised funding, maybe the word startup accelerator needs a better definition (read : What Indian Tech Entrepreneurs Expect from Startup Accelerators)?