Batch 4 — Current
Surge Accelerator · Feb–Jul 2025 · 6 startups · SaaS/FinTech/CleanTech focus
Program Week
6 / 24
25% through program
Startups On Track
4 /6
2 need attention
Total Equity Deployed
8%
avg SAFE across batch
Demo Day
Jul 15
156 days away
Batch 4 Startups
| Startup | Sector | Founder | Stage | Equity Term | OKR Progress | MRR | Health | |
|---|---|---|---|---|---|---|---|---|
| NexGen Robotics | DeepTech | Kiran Rao | In ProgressSeed | 8% SAFE @ ₹22Cr cap |
72%
|
₹4.2 L | On Track | KPIs |
| CleanCharge EV | CleanTech | Deepa Nair | PendingPre-Seed | 8% SAFE @ ₹15Cr cap |
58%
|
₹1.8 L | On Track | KPIs |
| PaySwift | FinTech | Rohit Gupta | In ProgressSeed | 7% equity @ ₹20Cr |
81%
|
₹9.6 L | On Track | KPIs |
| EduStack 2.0 | EdTech | Neha Verma | PendingPre-Seed | 8% SAFE @ ₹12Cr cap |
44%
|
₹0.6 L | Needs Attention | KPIs |
| MedAssist AI | HealthTech | Siddharth Kumar | PlannedMVP | 9% SAFE @ ₹10Cr cap |
35%
|
— | Needs Attention | KPIs |
| GreenGrid | CleanTech | Arjun Patel | PendingPre-Seed | 8% SAFE @ ₹18Cr cap |
67%
|
₹2.1 L | On Track | KPIs |
NexGen Robotics
Achieve 3 paid LoIs from manufacturing clients
In Progress 80%
Ship working prototype (v2) by Week 10
Completed 100%
Raise bridge round ≥ ₹1 Cr by Week 16
In Progress 30%
CleanCharge EV
Complete EV charger pilot at 2 residential societies
In Progress 60%
Obtain BIS certification for hardware
In Progress 25%
Onboard 50 beta EV owners
In Progress 45%
PaySwift
Reach ₹10 L MRR by Month 3
In Progress 96%
Launch merchant onboarding in 3 new cities
Completed 100%
Series A deck + data room ready by Week 14
In Progress 60%
EduStack 2.0
Acquire 200 paying school subscribers
In Progress 22%
Launch iOS app by Week 8
Planned 0%
Partnership with 1 state education board
In Progress 10%
MedAssist AI
Complete CDSCO MDR regulatory filing
In Progress 15%
Onboard 3 hospital pilot partners
In Progress 33%
Build AI diagnostic model to 85% accuracy
In Progress 50%
GreenGrid
Deploy microgrid pilot in 2 rural villages
In Progress 70%
MNRE subsidy application submitted
Completed 100%
Series A materials ready by Week 18
In Progress 40%
Check-in Log
| Week | Date | Startup | Conducted By | OKR Score | Blockers | Action Items | Notes |
|---|---|---|---|---|---|---|---|
| W6 | Feb 10, 2025 | NexGen Robotics | Ananya Krishnan | 8/10 | Supply chain delay for sensors | 2 | Strong progress on LoIs |
| W6 | Feb 10, 2025 | CleanCharge EV | Rahul Mehta | 6/10 | BIS certification timeline unclear | 3 | Need regulatory mentor |
| W6 | Feb 11, 2025 | PaySwift | Ananya Krishnan | 9/10 | None | 1 | On track for ₹10L MRR target |
| W6 | Feb 11, 2025 | EduStack 2.0 | Rahul Mehta | 4/10 | Slow school acquisition, product bugs | 4 | Pivot consideration flagged |
| W6 | Feb 12, 2025 | MedAssist AI | Ananya Krishnan | 4/10 | CDSCO process complexity | 3 | Adding regulatory consultant |
| W6 | Feb 12, 2025 | GreenGrid | Rahul Mehta | 7/10 | Village committee approvals pending | 2 | Good momentum on MNRE |
| W5 | Feb 3, 2025 | NexGen Robotics | Ananya Krishnan | 7/10 | Prototype v2 delayed by 5 days | 2 | Resolved in Week 6 |
| W5 | Feb 4, 2025 | PaySwift | Rahul Mehta | 9/10 | None | 1 |
Investment Terms — Batch 4
| Startup | Instrument | Equity % | Valuation Cap | Discount Rate | Investment Amount | Agreement | Status |
|---|---|---|---|---|---|---|---|
| NexGen Robotics | SAFE | 8% | ₹22 Cr | 20% | ₹25 L | SHA Signed | Active |
| CleanCharge EV | SAFE | 8% | ₹15 Cr | 20% | ₹25 L | SHA Signed | Active |
| PaySwift | Equity | 7% | ₹20 Cr | N/A | ₹30 L | SHA Signed | Active |
| EduStack 2.0 | SAFE | 8% | ₹12 Cr | 20% | ₹20 L | SHA Signed | Active |
| MedAssist AI | SAFE | 9% | ₹10 Cr | 25% | ₹20 L | SHA Signed | Active |
| GreenGrid | SAFE | 8% | ₹18 Cr | 20% | ₹25 L | SHA Signed | Active |
| Total Investment Deployed | ₹1.45 Cr | ||||||
Program Timeline — Batch 4
Onboarding & Bootcamp
Weeks 1–2
Completed
Feb 3–14
Completed — all 6 startups onboarded, legal docs signed.
Founder Deep-Dives
Weeks 3–4
Completed
Feb 17–28
Completed — individual sessions with all founders, product reviews done.
First Check-ins & OKR Setting
Weeks 5–6
Completed
Mar 3–14
Completed — OKRs finalised, Week 6 check-ins logged.
Mentor Intensives
Weeks 7–10
In Progress
Mar 17–Apr 11
Domain mentors assigned. 3 sessions/startup planned.
Traction Sprint
Weeks 11–14
Planned
Apr 14–May 9
Focused on revenue, user growth, and fundraising readiness.
Investor Readiness
Weeks 15–18
Planned
May 12–Jun 6
Pitch deck review, data room setup, investor outreach.
Demo Day Prep
Weeks 19–22
Planned
Jun 9–Jul 4
Mock demos, press releases, investor invite management.
Demo Day
Week 24
Planned
Jul 15, 2025
Public demo day — 40+ investors invited.