Mumbai, Jan 21 (GCBusiness) Mumbai-based CometChat, a CPaaS startup, has announced its entry into Techstars Boulder core accelerator program.
CometChat is the first Indian startup to be selected into three-month long Techstars Boulder programme. As part of the program, Techstars will seed fund CometChat 1,20,000 dollars and incubate the Company in its US location.
Under the programme, CometChat will have access to Techstars resources such as mentors, financial, legal and infra resources for life. This would include access to Techstars network of more than 10,000 entrepreneurs, 2,700 investors and 1200 alumni companies.
At the end of three-month programme, selected companies in the programme will be showcasing their progress and refined product to investors as part of demo day, which is likely to result in further growth stage funding and visibility, according to a statement here on Monday.
Anuj Garg, Co-founder & CEO, CometChat, says, “This is a big milestone for us as we are the first Indian startup to be accepted into Techstars Boulder. We are very excited to leverage Techstars network and mentoring program; we will be able scale CometChat faster than expected. We will also be significantly expanding on our AI/ML & bots platform allowing our customers to include artificial intelligence in their communication layer with great ease”.
Commenting on accepting CometChat into the Techstars Boulder program, Natty Zach, Managing Director, Techstars Boulder, says, “We are excited to work with CometChat in the next class of Techstars Boulder. This is the first company from India accepted into the boulder accelerator program. We hope the learnings about building great companies will flow in both directions.”
CometChat, which originally began as a licensed model nine years ago was launched as a pure play Subscription Service in 2018 by twin brothers Anuj Garg and Anant Garg, takes pride in the fact that they built the Company, generated revenues and expanded their team and portfolio, while being bootstrapped.
Anant Garg, Founder & CTO, CometChat, says, ‘We believe we are at the cusp of a big
milestone in the journey of CometChat. While on one hand, Techstars program will help us enter the US market and establish corporate channels and expand our presence in a big way, on the other hand, rolling CometChat Pro, will ensure we are ready for highly evolved and quality obsessed customers, which are developers in this case. For us our mission is clear, if you need chat in your app, think CometChat’.