New Delhi: Tech startup Woobly has successfully made its way into the US-based 10X Incubator. With that Woobly has become a part of the 10X Incubator portfolio.
The Aventura, Florida located 10X Incubator has accepted tech startup Woobly’s idea founded by an Indian, Satyaveer Paul. The incubator selected Woobly’s idea out of more than 11,000 ideas submitted.
As a 10X Incubator portfolio company, Woobly will bring to market a smart IoT device — Woobly | WaiterLITE, which looks like a lamp but acts as a digital assistant to the guests and waiters.
This tech startup enables ultra-luxury restaurants to deliver impeccable dining experiences. It has built this unique product WaiterLITE and tested it with over 40 luxury restaurants in India, Singapore and Dubai. This product has received a good response and is in high demand.
Woobly’s moon shot is to be the world’s most powerful luxury brand in the dining industry by 2030.
“Our team had to undergo a series of rounds and due diligence in front of Ideas Review Committee at 10X. We are proud and excited to be part of the 10X Incubator ecosystem and look forward to creating incredible products which will transform the ultra-luxury dining experience,” said Satyaveer Paul, Founder Woobly.
10X Incubator’s goal is to launch 10,000 tech companies in 10 years.
“We will achieve this by finding the RIGHT person, with the RIGHT idea, in the right market, and with the right business model into our portfolio. Satyaveer is more than right, and I am very honoured we have been able to partner,” said Jared Yellin, Co-Founder of 10X Incubator.
10X Incubator is the first and only tech incubator program to provide software development, go-to-market, branding, sales, customer support, legal, relationship capital, financial planning, and administrative services at cost while becoming a partner in the venture.
Its mission is to launch 10,000 tech companies in 10 years. In less than one year, 10X Incubator has successfully co-founded over 100 tech companies with entrepreneurs from all over the world and all walks of life.