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Kerala Startup chosen for South Korean acceleration initiative

Press Trust of India  |  Thiruvananthapuram 

Buyfie, a Kerala-based hyperlocal e-commerce startup, has been selected for the prestigious "in2Korea" acceleration programme.

Conducted by South Korea's Ministry of Science and ICT (MSIT) and National IT Industry Promotion Agency (NIPA), the programme offers startups the opportunity to fast-track their growth in one of the world's major IT hubs, a press release said here today.

One of only 30 tech startups invited to participate from around the world, Buyfie - founded by three brothers, Praveen S S Pranav S S and Prabin S S in the city - was chosen on the basis of its minimum viable product (MVP), the release said.

Buyfie was incubated under 'Startup Dreams', a social sector initiative by the Development Department in association with the Startup Mission.

Incorporated in 2016 as Axen Software Pvt Ltd in Technopark, the company offers a first-to-the-market for goods or service-based e-commerce local store network.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 15 2017. 19:42 IST