Update on the Evaluation and Shortlisting Process

Thank you for submitting your application to Aditya Birla Bizlabs.

Applications received

We were overwhelmed with the large number of high quality applications – totalling 1,229 across the following categories:

  • Retail – 394
  • Mobility – 251
  • Financial Services – 100
  • Others (Data analytics & New Technologies) – 484

Evaluation process

In order to evaluate the applications judiciously, Aditya Birla Bizlabs had a team of over 60 evaluators from across the Group’s businesses and corporate functions reviewing the applications across a range of criteria, including but not limited to:

  • Addressable need and the target market size
  • Value proposition and differentiation from peers
  • Business model and customer acquisition plan
  • Scalability plans
  • Team background

Shortlisting process to get to the Top 25

After collating the feedback from our evaluation teamwe have shortlisted the leading companies in each sub-category of their respective industries and have selected approximately 25 startups across each of the four segments mentioned above, totalling to approximately 100.

In the “Others” category, we were pleasantly surprised to see innovative companies catering to the manufacturing sector. Hence, we are expanding our purview of the program and are inviting a few additional startups (approximately 15-20) to present to our senior business leaders from our manufacturing businesses.

Communication to the shortlisted startups

The shortlisted startups will be / have been notified by us separately on the details of the BIZCXO Day, wherein they will have the opportunity to present to our senior business management teams.

For the rest of the applicants, we do appreciate and thank you for taking the time to apply. While your proposal had several merits, we chose the leading companies in the sub-categories, and your startup was unable to make it to the Top 25. However, members from our business teams may reach out to you for more information and if required we may call you for a presentation in October / November 2015. We wish you the very best in your current and future endeavours.

Kind regards,
Aditya Birla Bizlabs