Taiwan-based Mobile Only Accelerator (MOX) has revealed the names of 10 startups in its eighth cohort. Meanwhile, Indonesia’s largest private lender Bank Central Asia (BCA) has unveiled as many as 11 startups focused on AI, IoT businesses in its second batch of accelerator programme in partnership with Digitaraya.
MOX selects 10 startups in eighth cohort
Taipei-based Mobile Only Accelerator known as MOX has unveiled its eighth cohort of 10 startups across Asia, the company said.
Following the closing of $277 million fourth fund in an oversubscribed round, MOX will invest in startups focused on govtech, publishing tech, edtech, D2C retail, and logistics later this month.
Headquartered in India, Pakistan, Indonesia and Malaysia, the startups from the MOX 8 cohort target mobile-only users, who primarily use smartphones to carry out their daily tasks. SOSV invests $100,000-120,000 in each company.
“The next generation of internet leaders from mobile-only markets has a unique opportunity to build a personal relationship with users. The MOX 8 cohort represents internet leaders who have a direct bond with customers and the potential to become super apps,” SOSV general partner and MOX managing director said.
MOX will hold a demo day event between February 25 and February 28 in Singapore.
The startups that have been selected are Arkademi, Civilcops, The UberEats of Pakistan Eat Mubarak, Giladiskon, Kravve, Moodah, Pencil, Verismart, Supplynote, and Yuna&Co.
MOX is operated by SOSV, a US-based venture capital firm with over $$700 million under management as of this year. So far, SOSV backs more than 150 startups annually through its six global accelerators in hardware, biotech & life sciences, software, blockchain, and food tech & agritech.
BCA unveils 11 startups in second cohort
One of Indonesia’s largest lenders, BCA has launched a second cohort of its accelerator programme in partnership with GK – Plug and Play, the company said in a statement on Tuesday.
The accelerator, called SYNRGY, has selected 11 startups focused on augmented reality (AR), Internet of Things (IoT), biometrics, robotics, computer vision, and artificial intelligence.
These include Sensum, Assemblr, Cubeacon, Delman IO, DyCodeX, KYCK !, Octagon Studio, Qomodo, Shinta VR, Verihubs and Zero One.
Through the course of the programme, the SYNRGY accelerator gives startups the required access to investors. It also offers them mentoring programmes, among others.