Morpheus Venture Partners announces new batch of 10 startups
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Bangalore: An India based venture capital (VC) firm, Morpheus Venture Partners (MVP) has announced 10 new startups for Batch 3 of its four month Business Acceleration Program (BAP). It has also announced the joining of Indus Khaitan, a Silicon Valley entrepreneur and technologist as a Partner in the firm. MVP also provides an update on the previous batch of 10 companies, wherein three have raised Series A from venture investors. The latest batch has a diverse set of startups ranging from apparel, financial services, automotive, advertising and education domains. The Batch 3 portfolio includes companies - Adscoot, Easy Square Feet, Interview Street, Naabo, Picsean, ReachTax, Retail Vector, RobotsAlive, Scopial and VeriCAR. This is also a step away from the original YCombinator program that was the inspiration to MVP's Partners and focuses largely on web-technology startups. With this addition, MVP now has 20 companies in its portfolio. "India has a lot of unsolved problems that lead to large markets opportunities," said Sameer Guglani, Founding Partner - MVP. "That's the reason our portfolio is focused on domains like education, health, automotive, apparel, retail, advertising and financial services." Founded in 2008, MVP has also expanded its team with Khaitan joining as Partner in May 2009. He is a technology evangelist and an entrepreneur with over 10 years of product, technology and operational experience in the Silicon Valley. "We and all our portfolio companies are very excited to have Indus on board. He brings years of deep technology expertise, experience of building companies in the valley and his infectious passion for startups", commented Nandini Hirianniah, Founding Partner, MVP.