10 August 2018, India:
Startup Incubator India Accelerator has raised undisclosed amount in angel funding from Indian investment firm InvestMind Solutions and Singapore-based HotStart Ventures.
With this funding, India Accelerator will look forward for more diversification in its offerings, more global reach, participate more at the later stages of startup, offer mentorship, peripheral services and can help startups with the capital to start off the business.
The company has attracted this round of funding after two rounds of successful cohorts.
“We see the investment in India Accelerator as a step towards backing the budding talents of one of the biggest Asian economies and the company aims to provide them with a springboard into the Asian start-up scene,” said Ankit Airon, Partner, Hotstart Ventures.
“There’s a lot of support which is given to the early stage companies still it becomes really difficult to succeed. While supporting IA, we are looking forward to support companies which are looking to raise investment,” said Pankaj & Neeraj, Co-Founders, Invest Mind Solutions.
“The best part is that this is not just dumb money; the investors bring a huge amount of network & connect to IA, which will help us progress with the original vision of setting up IA, i.e. to use its resources to continue helping entrepreneurs who are struggling, to have fun and to make money for its investors along the way!,” said Ashish Bhatia, Founder & Managing Director, India Accelerator.
India Accelerator was founded by Ashish Bhatia and Abhay Chawla in 2017. It runs mentorship driven incubation and acceleration programs for startups. It is a seed-stage accelerator program that helps startups grow from GOOD to GREAT. It’s a structured program that can bring the building blocks for a startup under one roof – the much needed mentorship, the network, the technology, the peripheral services (like legal, financial etc) and last but not the least, the capital. It is the ONLY GAN partnered, mentorship-driven, program in India.