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Accel invests in 5 Indian startups as part of second Atoms program

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Venture Capital firm Accel India has announced the second cohort of companies for its program for pre-seed and seed stage companies called Accel Atoms. The new cohort has five companies from the US, Singapore, and Indonesia, apart from five Indian startups. Startups in the cohort include AI-powered DevTool DhiWise, micro-ecommerce plug-in for publishers Dpanda, gut health focused platform Gut Wellness Club, experience discovery platform mello and SaaS-based AI-ML platform for manufacturing, Ripik. From the cohort, business-to-business aggregator platform for construction industry BRIK and seafood supply chain company Fishlog are based out of Indonesia, while full-stack data platform DataBrain and direct-to-consumer brand performance platform YouShd are headquartered in the US. No code platform Upflowy is headquartered in Australia. The 100-day program, which runs two cohorts in a year, sees Accel investing USD 250,000 via an uncapped convertible note structure which converts to equity in the next round of external fund raise. As part of the second cohort, Accel has also invested additional capital in some of the companies.