Delhivery, AWS, Nexus Ventures Join Forces to Launch Accelerator Program Velocity

Velocity is a six-week programme that is being presented by AWS in partnership with Delhivery and Nexus Ventures. The goal of the programme is to foster and empower early-stage Indian startups in the logistics space.

This accelerator program's first iteration, which began in August 2023, brought together financial and industry experts to offer the chosen startups incisive, industry-led mentorship. It featured 15+ sessions from mentors like Vibhor Jain, President - Network Governance & COO of ONDC; Rohit Kapoor, CEO of Food Marketplace at Swiggy; and Naman Jain, Founder of Falcon Autotech, covering a wide range of topics crucial for startups.

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Vibhor Jain, President, Network Governance and COO, ONDC, said, “Open Networks like ONDC can address inefficiencies in the supply chains by enabling unlocks through an interoperable network of platforms/applications. These unlocks will enable wider discovery, improved logistics utilization, and cheaper credit, leading to improved efficiencies in the supply chain.” He further added, “It will be exciting to see some startups build their businesses around the ONDC Network in the logistics, supply chain, or mobility space as part of the AWS Velocity Accelerator Program.”

Ritu Mishra, Co-founder & Product Head of Upjao, said, “The agri commodities that face severe inconsistencies at source due to human interface need AI-driven solutions to standardize the quality control process. The Velocity program offered us a platform to engage closely with industry experts and VCs. This in turn supported our vision to quantify the quality of agri-commodities at each node in the supply chain.”

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Speaking on the completion of the program, Kapil Bharati, Chief Technology Officer and Executive Director, Delhivery, said, “Given the size and growth trajectory of the Indian economy, the logistics industry will witness exponential growth in the foreseeable future. The program will help build a logistic ecosystem to enable new entrepreneurs to convert their ideas into viable, functional business solutions.”

Following the completion of the programme, the startups from the cohort are now a part of a peer-to-peer network that promotes collaboration, allowing them to benefit from one another's successes and experiences.

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About Velocity

Velocity, a 6-week programme from AWS, Delhivery, and Nexus Ventures, supports early-stage Indian logistics startups.