Gurugram-based start-up community builder PedalStart announced the launch of PedalCircle. The outcome-driven offline cohort program will be organised in Bangalore with the focus on accelerating early-stage start-ups' journey from Proof-of-Concept (POC) to their first round of fundraising. The registration closes on 18th January 2024 while the cohort program will commence in Bangalore in the second week of February 2024.  

Centered on empowering founding teams through access to knowledge, mentors, infrastructure, market access, and growth capital, PedalStart brings an unparalleled 3-month offline experience to significantly fast-track the progress of 25 exceptional founders in their early-stage entrepreneurial journey, it added in its statement.  

It aims to selectively pick only 25 start-ups from an anticipated applicant pool of over 2000+ start-ups via a highly competitive 5-step screening funnel that includes - form screening, analyst call, offline war room evaluation, final analyst call, and the final selection through a gala dinner event organised on 25th January in Bangalore where these founders will get access to top-notch Venture Capitalists, mentors, and ex-start-up Founders.   

After the final selection, 25 start-ups will be shortlisted and invited for the outcome-driven offline cohort program. During the 3 month program, the shortlisted start-ups will have access to an expert PedalStart support team where they can leverage PedalStart's shared resources pool across functions like marketing, tech, legal, recruiting, etc., on a usage basis, optimising cash burn in the early days of building up the start-up. The founders will also have 1:1 mentor sessions with ex-founders and investors, tailored to the specific start-up needs at different phases of their entrepreneurial journey and focused on enabling success. 

Speaking in PedalCircle, Manas Pal and Aditya Darolia, fo-Founder of PedalStart said, "We designed PedalCircle as a solution focused on filling very critical gaps faced by start-ups in their early stages - right guidance from those who have built ventures from the ground up before.”  

By the end of the offline cohort, 5+ start-ups will get the opportunity to get the investment from PedalStart. These founders will receive funding of up to - $250,000 from the PedalStart network, the firm added.