MAM
Inflection Point Ventures launches accelerator program – IPV Ideaschool batch 1
Mumbai: Inflection Point Ventures today announced the launch of its accelerator program, IPV Ideaschool batch 1. The 6-week nationwide program has been designed for entrepreneurs who are seeking to take their business from the idea stage to MVP.
Launches first-ever 6-week pan-India cohort
● Applications to join the program are now open
● Applications will see multi-level shortlisting and the Elite 40 will make it to the final program
● Startups get access to masterclasses on various topics helmed by industry experts
● Top 15 startups from the 40 shortlisted will present their ideas to a jury at a grand event
● Final 5 startups stand to get Rs 80 lakhs each as seed funding from IPV
Out of 2000 expected applicants, 100 will be shortlisted for the program initially and 40 of them will then proceed to be an active part of the discussion in the accelerator program. The startups will be evaluated through several rounds across multiple parameters.
At the final stage, the program will culminate in an on-ground event, where the top 15 startups will get a chance to showcase their respective business ideas to an esteemed jury. The final 5 startups emerging from this set stand to bag Rs 80 lakhs as investment and a once-in-a-lifetime opportunity to become part of the IPV portfolio. Applications for this opportunity remain open until 20 January 2024.
Speaking on the initiative, Inflection Point Ventures co-founder Mitesh Shah says, “IPV Ideaschool- the highly curated program aims to give an edge to the startups as they will not only secure early-stage funding but also get an opportunity to grow and scale their business rapidly with strategic guidance and IPV’s rich network. At IPV, we are looking for startups that add value to our economy and have sustainable ideas. By strategically nurturing and empowering innovative ideas, our commitment to building a strong early-stage startup pipeline ensures a foundation of quality and potential, shaping the future of groundbreaking ventures and contributing to India’s economy”.
As part of this program, IPV experts will help startups fine-tune their business plans, and suggest pivots if needed to make a commercially viable business idea ready to be funded. IPV will also leverage its own investors’ network, ecosystem partners, and other VCs to help the startups get access to the required infrastructure and raise additional capital.
The startups will have access to boot camps, and masterclasses on various subjects helmed by experts on matters related to different areas of businesses that founders should learn about.
This program promises to offer a holistic experience and a high degree of exposure to how to start building their business for the real world. The startups will be nurtured for growth with strong backing from IPV, Firstport Capital, and Plphysis Capital.
For further details please log on to — India’s Leading Angel Investing Platform for Startup Investment | IPV (ipventures.in)
Brands
Hyundai launches updated Ioniq 5 with 84 kWh battery, 690 km range
Priced at Rs 55.7 lakh, adds design, tech and safety upgrades.
MUMBAI: Charge it up, stretch it out, Hyundai’s latest electric upgrade is going the distance, quite literally. Hyundai Motor India Limited (HMIL) has introduced an updated version of its Ioniq 5, packing in a larger 84.0 kWh battery that delivers a claimed range of up to 690 km (ARAI-certified), marking a significant leap in everyday usability for its flagship electric SUV.
Built on Hyundai’s Electric Global Modular Platform (E-GMP), the refreshed IONIQ 5 aims to balance performance with practicality, reducing range anxiety while making long-distance electric travel more viable. The upgrade builds on a model that has already secured global recognition, including the World Car of the Year title.
The changes aren’t just under the skin. On the outside, the SUV gets a sharper, more futuristic look with redesigned front and rear bumpers, new skid plates, sporty alloy wheels, a revised rear spoiler and updated V-garnish lighting, all while retaining its signature Parametric Pixel design.
Inside, Hyundai has focused on making the experience more intuitive. The cabin now features a redesigned three-spoke steering wheel with illuminated pixel elements, dual 12.3-inch displays, and a reworked wireless charging pad integrated with physical controls for seat functions small tweaks that aim to improve day-to-day usability.
On the tech front, the IONIQ 5 gets Hyundai’s Connected Car Navigation Cockpit (ccNC), Controller Over-the-Air (C-OTA) updates, and now supports wireless Android Auto and Apple CarPlay. New additions such as Active Sound Design and in-car payment integration for EV charging reflect a push towards a more seamless, connected ownership experience. Remote immobilisation via Bluelink has also been introduced as an added security layer.
Safety sees incremental upgrades too, with features like Parking Collision-Avoidance Assist (Rear) and side parking distance warnings enhancing manoeuvrability in tight urban spaces.
The updated IONIQ 5 is available in four colour options Gravity Gold Matte, Midnight Black Pearl, Titan Grey and Optic White with an Obsidian Black interior theme.
Priced at Rs 55.7 lakh (ex-showroom), the new IONIQ 5 positions itself as a more rounded offering, less about futuristic promise, and more about making electric mobility fit seamlessly into everyday life.
