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Uber announces winners of UberPITCH, Will Invest $150,000 in 3 Startups

Uber announces winners of UberPITCH, Will Invest $150,000 in 3 Startups

Global ride-hailing firm Uber today announced winners of an India-wide startup contest, UberPITCH, and will invest USD 50,000 in each of them.

The winning companies are SeekSherpa, LeanAgri and Ambee, in the areas of e-commerce, agriculture and health respectively.

With an investment of USD 50,000 in each of these companies, they plan to invite them to San Francisco, where they will get advice and guidance from top Uber executives and other venture capitalists, Uber said in a statement here.

The three were selected from more than 5,000 who submitted their ideas through Uber app, it added.

Of those 100, were shortlisted and subject to a grilling from expert investors, mentors and venture capitalists, it added.

“We were overwhelmed by the response to UberPITCH, which underscored the depth and breadth of the smart ideas that Indian entrepreneurs are generating…” Amit Jain, President, Uber India, said.

During his recent visit to India in December 2016, Travis Kalanick, Ubers co-founder and CEO, met some of the entrepreneurs and had announced the planned investment of USD 50,000 in the winners.

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