Y Combinator is hosting interviews in Bengaluru for the first time
Image Source: Y CombinatorY Combinator, one of Silicon Valley’s most influential startup incubator, is interviewing potential applicants for the Summer 2019 batch of its programme in Bengaluru next month.
This is the first time the incubator is hosting interviews outside Mountain View, California.
“We’ve seen an increasing number of good applications from India and we figured it would be easier for everyone if we came to Bangalore for interviews. We also hope that people who may not have otherwise applied to YC will consider applying since interviews are now potentially just a car-ride away” Adora Cheung, partner, Y Combinator told ET.
Y Combinator, which incubated Internet giants like Airbnb, Stripe, and Dropbox among others, has backed over 40 Indian companies until now. This includes Razorpay, Cleartax, Meesho and more recently Inito, it’s first ever medical device startup from the country.
Over the years, the incubator has seen a growing number of applications that are tackling very India-specific problems, from logistics to lending and vernacular languages, Cheung said.
The firm said in an official blog post that they will consider all applications submitted by April 12, 2019, and invite startups for the Bengaluru interviews by April 16. The interviews are expected to take place from May 7 to May 9, 2019.
Y Combinator said that startups can apply for these interviews even if they don’t live in Bengaluru and the firm will reimburse their travel to the city.
If accepted, the startups will immediately join the Summer 2019 batch and receive funding along with access to YC partners and resources. The in-person program is expected to start in Mountain View, California from June 2019.
In case the applicants are not called for the Bengaluru interviews or the applications are submitted after April 12, Y Combinator said it will consider them for interviews in Mountain View, California.
Excerpts from a quick chat with Y Combinator’s Adora Cheung:
1. How’s the progress been for India as a market for technology startups? What’s the agenda for the visit? You said you are doing these interviews in India for the first time for the summer batch, why did you decide to do that?
Adora Cheung: We’re very excited about India. We’ve seen an increasing number of good applications from India and we figured it would be easier for everyone if we came to Bangalore for interviews.
We also hope that people who may not have otherwise applied to YC will consider applying since interviews are now potentially just a car-ride away.
2. Are you seeing different kinds of applications come in for YC from what they were a few years ago?
Cheung: We’ve seen more and more applications that are tackling very India-specific problems — everything from logistics to lending to vernacular languages.
3. Where does it stack up to China, where last year YC launched a startup programme?
Cheung: China is a different program that we are just getting off the ground. We don’t have much to say about it at the moment.
However, we’ve been investing in India since 2014 and will continue to do so. We’re very excited about many of our companies — especially some of the ones that are starting to go mainstream, such as Meesho, ClearTax and Razorpay.
This past Winter 2019 batch, we funded 8 Indian companies. Our YC alum network in India is almost 100 founders now and it’s growing rapidly.
4. Any plans to hire someone for India, it’s been spoken about but nothing happened on ground?
Cheung: We don’t have any plans right now. But we come very often to meet and help founders and YC alumni. Last time, we were here for an entire month of December.
Source: ET Tech