Ramaiah Evolute “Seed to Scale” Program (India)

Startups at all stages can benefit from the intensity of RE program. For 6 months, it’s all startup, all the time. Everyone around you—them, the other founders in your batch, the alumni, the speakers, the investors—wants to help your startup succeed. In the ecosystem they have created, it’s hard not to be highly motivated. They believe that the kind of extraordinary motivation is what one needs to do something as difficult as starting a startup.

Benefits

• Incubation
  • Startups arrive at RE at different stages. Some wouldn’t even started working yet, and others have been launched for a year or more. But whatever stage a startup is at when they arrive, their goal is to help them to be in dramatically better shape 3 months later.
• Acceleration
  • For most startups, accelaration translates into two things: to have a better product with more users, and to have more options for raising money. They help startups achieve both. And in this stage since most founders have way more potential than they realize, they’re often surprised by what they’re capable of.
• Funding
  • Evolute invests upto 1cr in every company on standard terms. Also, they help their founders master the art of company-building—the biggest challenge they face after finding product-market fit. Each cohort cycle culminates in Demo Day, when the startups present their companies to a carefully selected, invite-only audience. Also they provide investor introductions that will help startups raise next round of required capital & scale beyond.

Application Process

• Application & Interview
  • Application Review:
    • RE absorbs 2 cohorts a year( August & December), cohorts are announced well in advance and start-ups can apply well within the dates specified. Once the application is submitted, they will receive an email in specified days whether you’ve been selected for the interview.
  • Founder Interview:
    • Once shortlisted, they’ll email you a link to schedule an interview. Two of RE mentors who are the domain experts will conduct this interview. They expect the full founding team to be part of this interview.
• Evaluation & Due Diligence
  • Evaluation
    • Their team will complete the evaluation process in consultation with the domain experts. Startups shortlisted for the cohorts will be announced considering various factors such asthe size of the problem, business model, disruption, team, execution capabilities.
  • Due Diligence
    • RE has a standard list of checklists which startups who are shortlisted are expected to submit. On Submission of the documents startups will be notified of their decision to accept or deny your application. If accepted, your seat will remain open until the cohort fills up.
• Funding Process & Timeline
  • Term-Sheet
    • When they your application has been accepted & due diligence is over, they will issue a term sheet. Term-sheet they issue is a standardised template customised for RE cohorts.
  • Funding
    • Once they commit the round, they expect to complete their investment process within 90 days of term sheet issuance.

For more information, visit Ramaiah Evolute.