Finvolve & India Accelerator Backs Battwheelz with ₹2 CR Seed Round to Power Sustainable Last-Mile Logistics

Finvolve, the multi-stage VC fund has recently announced its strategic investment in Battwheelz, one of the fastest growing Electric Mobility as a Service (EMAAS) providers, primarily focused on last-mile delivery. The ₹2 CR seed funding round, raised at a valuation of ₹60 CR, also saw participation from other marquee angel investors. The funds will be utilized to expand geo operations in Bengaluru and strengthen EV fleet presence in Chennai and Pune.

Founded in 2022, Battwheelz has successfully launched its operations in Pune, Chennai and Bengaluru. It is recognised as an “EV” centric 3PL provider with a 100% electric fleet size of 450+ vehicles deployed on 3PL logistics. Through this investment, Finvolve is playing a pivotal role in driving its growth in last-mile delivery and 3PL logistics while contributing to building a sustainable logistics ecosystem.

Talking about the investment, Ashish Bhatia, Founder & CEO of IA & Co-Founder of Finvolve said –

Battwheelz is solving a critical need in India’s logistics ecosystem by integrating sustainability with scale. At Finvolve, we believe in backing companies that are shaping industries for the future with innovation and our investment in Battwheelz reflects our commitment to enabling cleaner, smarter and more impactful growth in last-mile delivery.

Elated with the fundraise, Chetan Chaturvedi Founder & MD of Battwheelz said –

We are on a mission to redefine logistics by making it 100% sustainable and efficient. With Finvolve’s support, we are now equipped to accelerate our expansion across India while staying focused on our vision to reduce carbon footprints and build a cleaner future for logistics.

With this investment, Battwheelz is targeting an 80 CR fundraise, aiming for 5x growth in topline by FY25. The company is already closing at ₹80 Lakhs in Monthly Recurring Revenue (MRR) and projects a 7x growth in MRR, while maintaining strong unit economics for sustainable and scalable expansion.set to strengthen its growth trajectory with a major focus on achieving a 5x growth in topline by FY25. The company also projects a 7x growth in Monthly Recurring Revenue (MRR), while maintaining strong unit economics for sustainable and scalable expansion.

Finvolve boasts a vast and diverse investment portfolio that spans across high-potential sectors such as EV & clean mobility, defence-tech, consumer internet, fintech, healthcare and enterprise solutions. Backed by India Accelerator’s multiple investment theses, Finvolve is actively strengthening the Indian startup ecosystem with capital to enable the right mix of innovation, scalability and sustainability.

i-Hub Gujarat and India Accelerator Launch ‘Sanjeevan Healthcare Accelerator Program’ to Empower Healthcare Startups

i-Hub Gujarat, the state’s flagship startup and innovation hub under the Education Department, Government of Gujarat, in collaboration with India Accelerator (IA), India’s leading fund-led accelerator, has launched the Sanjeevan Healthcare Accelerator Program—a 12-week initiative to nurture and scale promising healthcare startups.

The program is designed to strengthen India’s healthcare ecosystem by helping startups achieve market readiness, access funding, and grow sustainably. Selected ventures will benefit from structured capacity-building sessions, one-on-one mentorship with healthcare experts, tailored go-to-market strategies, and access to industry networks and investors. The program will conclude with a high-impact Investor Demo Day, giving founders a platform to showcase their innovations to top venture funds and healthcare leaders.

Hiranmay Mahanta, CEO, i-Hub Gujarat, said: “At i-Hub Gujarat, our vision is to create pathways from ‘Mind-to-Market’ by fostering innovation and entrepreneurship across the state. The Sanjeevan Healthcare Accelerator, in collaboration with India Accelerator, marks an important step in empowering innovators to deliver impactful healthcare solutions that strengthen India’s healthcare ecosystem and reinforce Gujarat’s position as a leading hub for innovation.”

Munish Bhatia, Co-Founder, India Accelerator, added “At India Accelerator, we believe in fund-led, ecosystem-driven growth. Sanjeevan is designed to empower healthcare entrepreneurs with the right mix of mentorship, networks, and capital. This accelerator will act as a catalyst for early and growth-stage startups, helping them scale innovations that can touch lives at large.”

The 12-week Sanjeevan Healthcare Accelerator will provide startups with expert mentorship, tailored go-to-market support, and access to networks, markets, and strategic partners. The program will conclude with an Investor Demo Day, giving founders the chance to pitch to leading funds and healthcare stakeholders.

Applications are open for early and growth-stage healthcare startups until 15th September 2025, with the cohort starting in September 2025.

• More details: indiaaccelerator.co/sanjeevan-accelerator-program.

About i-Hub Gujarat

i-Hub Gujarat, established under SSIP by the Education Department, Government of Gujarat, is a Section 8 company envisioned as a catalyst for building an end-to-end innovation and entrepreneurial ecosystem in Gujarat. With modern infrastructure, focused mentoring, and access to networks and capital, i-Hub empowers young innovators to transform ideas into impactful enterprises. Gujarat’s pioneering efforts through SSIP have earned it the title of Best Performer in State Startup Ranking 2018 by the Ministry of Commerce & Industry, Government of India.

About India Accelerator

Founded in 2017, India Accelerator is a multi-stage, fund-led accelerator recognized as one of India’s leading platforms for nurturing startups across diverse sectors. With expertise spanning Defense Tech, AI, Energy, Mobility, Sustainability, Healthtech, Consumer and more, IA provides startups with mentorship, industry linkages, capital access, and global networks. Through its fund-led model and collaborative ecosystem, IA has emerged as a key player in supporting early-stage and growth-stage startups in India and abroad.

India Accelerator Acquires Starters’ CFO to Power the Next Phase of Full-Stack Startup Growth

• With this collaboration, India Accelerator is set to empower founders with integrated financial discipline, compliance expertise, and end-to-end business support to build a complete ecosystem for startup success.

India Accelerator (IA), a leading multi-stage VC fund, has announced the acquisition of Starters’ CFO, a leading new age finance and accounting services provider for startups. This strategic acquisition marks a monumental step in IA’s evolution from a pure-play accelerator to a venture-building powerhouse that aligns with its vision, innovation, and ambition to provide founders with everything they need under one roof.

India Accelerator, already driving startup growth through access to capital, markets, mentorship, and infrastructure, now adds a critical pillar with Starters’ CFO’s expertise in compliance and financial management. This acquisition enables IA to structure and deliver AI enabled bookkeeping, growth oriented on-demand CFO services, fundraising readiness programs, and compliance advisory clinics, transforming financial clarity from a bottleneck into a superpower for startups.

With this acquisition, IA takes a significant step to integrate innovative business services, deep financial expertise and a relentless passion for helping founders succeed. It combines IA’s multi-faceted startup ecosystem with Starters’ CFO’s legacy of enabling financial discipline for fast growing ventures. This unified entity is poised to become a comprehensive growth platform for startups across India and beyond.

Commenting on the acquisition, Ashish Bhatia, Founder & CEO of India Accelerator, said: “At India Accelerator, we’ve always believed founders need more than just capital — they need a complete ecosystem. Too often, startups have to stitch together fragmented support across capital, compliance, and growth. With Starters’ CFO joining us, we are reinforcing our vision of building an integrated platform where capital, infrastructure, mentorship, and now deep financial discipline comes together. This acquisition strengthens our ability to ensure founders have everything they need under one roof, so they can focus on building bold, scalable companies.”

Delighted with the collaboration, Akshay Mittal CEO, Starters’ CFO said: “At Starters’ CFO, we’ve always believed that financial clarity is the backbone of startup success. Joining forces with India Accelerator allows us to amplify our vision within a broader ecosystem of growth, mentorship, and capital. Together, we can give founders the confidence to focus on building their business, knowing their financial systems are in expert hands. This is not just an acquisition — it’s the beginning of a transformative journey for our team, our startups, and the future of India’s entrepreneurial ecosystem.”

India Accelerator and Starters’ CFO will now work together to develop structured, accessible finance programs, establish Centres of Excellence across HR, legal, marketing, and technology, and create a robust operating system for startups. This collaboration marks the beginning of a bold new chapter, as IA doubles down on its mission to be the all-weather partner for founders, driving innovation, growth, and long-term value creation.

About India Accelerator

IA is India’s premier startup factory with multiple sub-brands that enable the start-up ecosystem in India - India Accelerator supports the early stage startups with funding, mentorship and other benefits; Finvolve is a multi-thesis growth and late stage fund that empowers startups across their growth journey—from pre-seed to pre-IPO—through capital, strategic support, and ecosystem access. IA Spaces enables start-ups across 16+ cities in India with access to co-working hubs and Third Place, which acts as India’s premium Business Cafe. IA is the recipient of the "Best Accelerator of the Country" award from Start-up India in 2022. Our commitment to fostering innovation and supporting upcoming founders has consistently positioned us at the forefront of the Indian start-up ecosystem.

Tata Steel, IIT Bhubaneswar & India Accelerator Launch TomorrowLAB to Fast-Track Startup Innovation

Tata Steel signed an MoU with IIT Bhubaneswar Research & Entrepreneurship Park (IIT BBSR REP) and India Accelerator (IA) to jointly launch a 6-month long TomorrowLAB Accelerator Programme for emerging startups, on August 13, 2025. This programme will go live in September 2025, and aims to empower startups, offering a tailored environment that nurtures their growth, facilitates industry connections, and accelerates their journeys.

TomorrowLAB Accelerator Programme is planned as one of the initiatives under the MoU signed between Tata Steel and IIT BBSR REP in February 2024 to foster innovation. The programme aims to bridge the gap between academia and industry, creating a dynamic environment for startups to thrive while providing valuable resources and mentorship to turn entrepreneurial ideas into viable and sustainable businesses. Startups looking to apply for this programme should ideally possess a minimum viable product (MVP) and demonstrate early market traction.

Subodh Pandey, Vice President - Technology, R&D, NMB and Graphene, Tata Steel, said: “Tata Steel has been working with industry and academia partners for the last several years to accelerate our sustainability agenda. We see huge potential within the startup ecosystem in India where young innovators are working to build solutions for some of the most difficult business challenges. Odisha is playing a significant role in boosting the startup ecosystem with initiatives such as ‘100 Cube’. TomorrowLAB Accelerator Programme is yet another step in the same direction and holds great potential to become the innovation hub of Eastern India.”

The programme would entail engagement with startups across India. IIT Bhubaneswar will be the hub of all the activities, supported by India Accelerator. The key objectives of the programme are:

• Facilitating mentorship, capacity-building workshops, and technical assistance for startups.
• Providing access to funding, business advisory services, and commercialisation opportunities.
• Leveraging IA’s and IIT BBSR REP’s network for strategic partnerships, business development, and market access for startups.
• Strengthening Tata Steel’s engagement with the dynamic entrepreneurial ecosystem in Odisha and beyond.

The programme will also serve as a structured engagement for Tata Steel with startups working in areas relevant to its growth journey such as water, waste heat recovery, and robotics & automation. The Company will engage select startups from the cohort with relevant solutions for doing a pilot after the programme ends.

Tata Steel has also been closely collaborating with India’s and the international startup ecosystem under TomorrowLAB, the Company’s flagship start-up engagement programme, to address challenges in the steel value chain and other identified interest areas.

Finvolve and IA Backs Aquila Clouds to Reshape Enterprise Cloud Management

Finvolve, the multi-stage VC fund of IA (India Accelerator), has recently invested in Aquila Clouds, a leading cloud & AI management platform. The investment aims at strengthening the company’s product and engineering infrastructure and scaling business and marketing activities.

Founded in 2020, Aquila Clouds addresses the pain points of large enterprises and small medium businesses (SMBs) related to cloud and AI management. Aquila Clouds addresses these challenges with its AI enabled platform. The platform provides real-time observability, chargeback, budget control (anomaly detection) and AI/ML driven optimization using Agentic AI workflows.

Commenting on the investment decision, Ashish Bhatia, Founder & CEO of IA & Co-Founder, Finvolve said, "At IA, we’re focused on backing deep-tech companies that are solving real-world enterprise challenges. Aquila Clouds is at the forefront of redefining how businesses manage cloud, Application and on-premises infrastructure using AI / ML , and we’re excited to support their global scale-up journey with our capital, network, and strategic guidance."

Delighted with the investment, Suchit Kaura, Co-Founder and CEO of Aquila Clouds said, "This investment comes at a pivotal juncture in our journey. As enterprises double down on AI, managing cloud costs and AI application performance has never been more critical. With the backing of two ecosystem-driven partners, we look forward to tapping into emerging markets, scale enterprise partnerships and strengthen our positioning as a critical platform for the AI era.”

Aquila Clouds will strategically deploy the funds to accelerate its growth across key fronts. The company plans to expand its global sales operations and scale its customer success function, while also strengthening its product and engineering teams. In parallel, it will refine its go-to-market strategy to drive deeper market penetration and enhance brand visibility across priority regions, including the US, Canada, EMEA, and Asia Pacific.

IA & Finvolve are known for their strong track record in nurturing high-potential startups, bringing deep domain expertise in emerging sectors such as deep tech, singularity, and artificial intelligence.. As part of the ambitious strategy, the entities aim to help Aquila Clouds capture a significant share of its almost $20 Bn addressable market.

About IA & Finvolve

IA is India’s premier startup factory with multiple sub-brands that enable the start-up ecosystem in India - India Accelerator supports the early stage startups with funding, mentorship and other benefits; Finvolve is a multi-thesis growth and late stage fund that empowers startups across their growth journey—from pre-seed to pre-IPO—through capital, strategic support, and ecosystem access. IA Spaces enables start-ups across 16 cities in India with access to co-working hubs and Third Place, which acts as India’s premium Business Cafe. IA is the recipient of the "Best Accelerator of the Country" award from Start-up India in 2022. Our commitment to fostering innovation and supporting upcoming founders has consistently positioned us at the forefront of the Indian start-up ecosystem.

Finvolve and India Accelerator Invest $1 Mn in Rohal Technologies to Power India’s future with Hybrid Green Energy

Finvolve, the multi-stage VC fund of IA, has announced a $1 million seed investment in Rohal Technologies, a pioneering developer of hybrid green energy solutions for mission-critical applications in defense, homeland security, disaster management, and telecom.

The funding marks a key milestone for Rohal Technologies as it accelerates efforts to scale production, deliver on its growing pipeline of government and defense orders, strengthen its R&D capabilities, and expand its engineering and operations teams.

Recognized for its indigenously developed Solid Oxide Fuel Cell (SOFC) technology, Rohal’s compact and rugged hybrid power systems are already deployed in high-altitude, extreme weather zones by the Indian Army, NSG, CRPF, BSF and other key defense and homeland security units. The company’s innovation provides clean, quiet, and highly portable alternatives to conventional diesel generators—capable of operating on multiple fuels including LPG, CNG and biogas.

Commenting on the investment, Ashish Bhatia, Founder & CEO, IA & Co-Founder, Finvolve, said, "Rohal is solving a real-world challenge for India’s security forces—how to deliver uninterrupted, off-grid power in the harshest environments. Their fuel cell innovation is not only a technological breakthrough but also a strategic one. As India moves toward self-reliance in defense tech, we’re proud to back a company that is both Make-in-India and Mission-first."

With trials successfully conducted at altitudes over 18,000 feet and temperatures as low as -35°C, Rohal’s systems are battle-tested and ready for scale. The firm also holds a patent application for its hybrid power management system and is working closely with DRDO, BEL, and other state partners to further deploy and co-develop frontier energy solutions.

Karamvir Singh, CEO & Founder of Rohal Technologies, added, “Our mission has always been to make India energy-resilient in its most sensitive and remote defense zones. With the support of IA and Finvolve, we are now ready to ramp up production, expand our research capabilities, and deliver best-in-class, zero-emission power systems where they are needed most.”

This investment underlines IA and Finvolve’s continued commitment to nurturing deep-tech, defense-aligned, and sustainability-driven ventures that align with national interest and long-term global impact.

About IA & Finvolve

IA is India’s premier startup factory with multiple sub-brands that enable the start-up ecosystem in India - India Accelerator supports the early stage startups with funding, mentorship and other benefits; Finvolve is a multi-theseis growth and late stage fund that empowers startups across their growth journey—from pre-seed to pre-IPO—through capital, strategic support, and ecosystem access. IA Spaces enables start-ups across 10+ cities in India with access to co-working hubs and Third Place, which acts as India’s premium Business Cafe. IA is the recipient of the "Best Accelerator of the Country" award from Start-up India in 2022. Our commitment to fostering innovation and supporting upcoming founders has consistently positioned us at the forefront of the Indian start-up ecosystem.

IDSR, Gujarat University and IA (India Accelerator) Launch Accelerator for Defense & Aerospace Startups — 'ADVAIT’

In a bold move to strengthen India's defense innovation ecosystem, Institute for Defence Studies and Research (IDSR), Gujarat University and India Accelerator (IA) have announced the launch of ADVAIT — a strategic accelerator program designed to empower startups building cutting-edge technologies for defense and aerospace applications.

Coming at a time when India’s defence budget has surpassed ₹6 lakh crore and with a growing thrust on self-reliance under the Atmanirbhar Bharat mission, ADVAIT is poised to play a catalytic role in nurturing next-generation defence startups. The program will focus on early and growth-stage ventures working in key areas such as artificial intelligence, autonomous systems, space tech, advanced materials, cybersecurity, and surveillance.

Sharing his thoughts and vision for ADVAIT, Ashish Bhatia, Founder & CEO, IA, said-

India is at an inflection point where our startups are not just solving commercial problems but are stepping up to serve national priorities. With ADVAIT, we’re creating a platform that gives these startups the tools, mentorship, and ecosystem support they need to build for Bharat’s strategic edge.

Echoing this vision and elaborating on the program’s strategic framework, Mr. Arindam Mukhopadhyay, Partner at IA commented,

ADVAIT is not just another startup program — it’s a mission to fast-track national security innovation. By bringing startups, academia, and industry into one unified platform, we’re building an engine for next-generation defense capability.

At its core, ADVAIT is structured around the Tripod Approach — a unique model that leverages the combined strengths of Industry, Academia, and Startups. This ensures that innovations emerging from the program are not only technically sound but also market-ready and strategically aligned with national priorities.

This collaborative framework delivers distinct value to all participants. The applications for the program are open from 5th May’25. Selected startups will gain access to domain-specific mentorship, opportunities to work on live problem statements from the defence sector, collaboration avenues with established industry players, and potential funding support. This initiative also gives academia a meaningful platform to translate its research into real-world impact, while fostering entrepreneurship on campus. Industry players, meanwhile, benefit from access to disruptive, cost-effective innovations with faster go-to-market timelines.

“This is a unique moment for India’s defense sector — one where innovation is no longer limited to labs or large contractors. Through ADVAIT, we’re enabling a new breed of defense-ready startups,” said Mr. Srinivasa Rao Sureddi, CEO, IDSR.

With this initiative, IDSR, IA and Gujarat University are laying the foundation for India’s future in defense tech, one startup at a time.

Finvolve and IA Back EZStays with ₹8.5 Crore Investment to Power Expansion

Finvolve, a multi-stage VC fund of India Accelerator ( a leading accelerator for startups) has invested in EZStays - a fast-growing holistic student accommodation and experience ecosystem. The investment is part of a larger INR 8.5 crores (~$1 million) round that also saw participation from other strategic investors. The structure includes a mix of primary and secondary transactions.

EZStays, which plans to leverage the recently raised funding to significantly expand its inventory of beds across existing and new territories addresses the critical shortage of quality student housing in India by offering fully furnished, hassle-free living spaces designed to meet the modern student’s needs.

Commenting on the investment, Apoorva Vora, Co-Founder of Finvolve, said, "Student accommodation in India is undergoing a massive transformation, driven by rising demand for quality, organized living experiences. EZStays is building not just beds, but a complete student lifestyle ecosystem—from safety and convenience to community and services. Their vision aligns perfectly with our focus on backing mission-driven, scalable startups. We are excited to partner with them on this growth journey."

The Indian student housing market is poised for rapid growth, with over 35 million students enrolled in higher education and an acute shortage of professionally managed accommodation. EZStays addresses this gap with a tech-enabled, service-first approach, ensuring a seamless experience for students and parents alike. Beyond just accommodation, EZStays enhances the student experience through a comprehensive suite of value-added programs, including career development initiatives like EZ-Mentor and EZ-Connect, mentorship sessions, leadership talks, mock interviews, sports tournaments, and cultural events.

Vaibhav Khanna, Co-Founder of EZStays, added, "Our mission is to redefine student living by offering not just a place to stay, but a place to belong. With the backing of Finvolve and IA, we are now geared to scale faster—adding more beds, entering new cities, and enriching our tech platform and service offerings to better serve our community."

Finvolve and IA maintain a strategic focus on investing in startups that leverage technology and innovation to address critical societal needs. With the growing demand for quality, organized student housing and holistic living solutions, IA recognizes the significant potential of tech-enabled platforms like EZStays in reshaping the student accommodation landscape. By delivering a seamless, community-driven living experience backed by scalable technology, EZStays is poised to transform the way students live, learn, and connect across India’s rapidly expanding education sector.

About Finvolve & IA

IA is India’s premier startup factory with multiple sub-brands that enable the start-up ecosystem in India - India Accelerator supports the early stage startups with funding, mentorship and other benefits; Finvolve is as a multi-theseis growth and late stage fund that empowers startups across their growth journey—from pre-seed to pre-IPO—through capital, strategic support, and ecosystem access. IA Spaces enable start-ups across 10+ cities in India with access to co-working hubs and Third Place, which acts as India’s premium Business Cafe). IA is the recipient of the "Best Accelerator of the Country" award from Start-up India in 2022. Our commitment to fostering innovation and supporting upcoming founders has consistently positioned us at the forefront of the Indian start-up ecosystem.

Finvolve & India Accelerator Invests INR 2.5 Crore in AI-powered Claims Management Platform - Paramount

• With this investment, Finvolve is proud to back Paramount’s vision of transforming motor insurance through AI-powered computer vision, enabling a fully digital, touchless, and real-time claims resolution journey. 

Finvolve, a multi-stage VC fund, has recently invested INR 2.5 crore in Paramount Services, a digital-first AI Claims-as-a-Service (CaaS) platform transforming motor insurance claims assessment. The investment marks the company’s first institutional round, structured as a CCPS (Compulsorily Convertible Preference Shares) offering.

Paramount Services plans to leverage this funding to strengthen its proprietary software, enhance digital claims management capabilities, and expand its presence across insurance companies in India.

Commenting on the investment, Ashish Bhatia, Founder & CEO, IA & Co-Founder, Finvolve said, "Paramount is solving a real and growing problem in the insurance sector—inefficient and costly claims processing. Their technology-led AI model aligns perfectly with our vision to back scalable, impact-driven startups. With digitization and regulatory shifts accelerating in insurance, we see Paramount playing a crucial role in reshaping the motor claims ecosystem."

With motor insurance accounting for over 30% of India’s General Insurance market and the push towards ‘Insurance for All by 2047’, the demand for fast, digital and cost-efficient claims processing is soaring. Paramount is currently one of the four Digital Service Providers (DSPs) empanelled by PSU insurers under a Government of India initiative to process small-ticket claims up to INR 50,000. The company operates 58 claim hubs across 30 regional offices and is on track to scale up significantly by March 2025.

Naveen Tandon, CEO & Co-founder of Paramount Services added, "As the insurance landscape evolves, claims processing must keep pace. Our goal is to revolutionize motor claims, making them faster, more accurate, and less reliant on manual processes. With IA and Finvolve's support, we'll accelerate tech development, enhance quality control, and drive strategic growth, ultimately delivering greater efficiency and value for insurers and customers.”

Paramount, founded by seasoned insurance professionals, leverages a unique blend of industry expertise and AI-driven technology to streamline claims resolution from FNOL to settlement. With plans to attract top talent, develop proprietary AI tools, and expand into emerging markets with growing digital insurance demand, Paramount is poised to revolutionize the industry.

About Finvolve & IA

IA is India’s premier startup factory with multiple sub-brands that enable the start-up ecosystem in India - India Accelerator supports the early stage startups  with funding, mentorship and other benefits; Finvolve is as a multi-theseis growth and late stage fund that empowers startups across their growth journey—from pre-seed to pre-IPO—through capital, strategic support, and ecosystem access. IA Spaces enable start-ups across 10+ cities in India with access to co-working hubs and Third Place, which acts as India’s premium Business Cafe). IA is the recipient of the "Best Accelerator of the Country" award from Start-up India in 2022. Our commitment to fostering innovation and supporting upcoming founders has consistently positioned us at the forefront of the Indian start-up ecosystem. 

India Accelerator Empowers Women-Led Tech Ventures with FoundHer Initiative

To celebrate International Women’s Day, India Accelerator, India’s leading fund-led accelerator and a part of the Global Accelerator Network, is excited to host FoundHer— a Demo Day dedicated to empowering women founders in the technology startup space.

In India, women entrepreneurs often face challenges in accessing expert-led mentorship, funding and visibility. They represent only a small fraction of the Indian startup ecosystem burgeoning with over 1.5 lakh registered startups. To offer unprecedented support, IA has launched FoundHer initiative to create an exclusive platform for women founders to showcase their potential and startup innovation. It is based on a strategic approach to bridge the critical gap of inclusivity by connecting women founders with investors, mentors and industry leaders, thereby, providing them with the right resources.

Elated with the campaign, Ashish Bhatia, Founder & CEO of India Accelerator said, “We are committed to unlocking new growth opportunities for women founders. This campaign is in complete sync with our promise to provide significant exposure to startup founders in both industry circles and investors community. Such initiatives are instrumental in fostering a more inclusive startup ecosystem for women.”

To spark curiosity, IA strategically evokes conversations around the campaign with highly engaging social media campaigns under the hashtag #IAFoundHer. The campaign builds intrigue with thought-provoking posts that ask questions such as "Found Her?" and "Did You Find Her?”, following it up with a slew of communication on various social media platforms around announcing the event, talking about the process and the attractive gratifications, including Capital deployment to winning start-ups.

As part of the strategy, IA will invite participants to submit their pitches in PowerPoint or video format. Through this approach, IA intends to invite startup applications from across the nation; thereby fostering a movement that provides a platform to the maximum number of women founders. It will also encourage women founders to tag India Accelerator and share their entrepreneurial journeys which will also augment the accelerator’s efforts in building a supportive community for women.

To participate in the campaign, aspiring women entrepreneurs can review the campaign guidelines and submit their innovative business ideas on IA’s official website. IA will shortlist the top five game-changing startups and invite them to participate in its exclusive Pitch & Demo Day. A panel of four distinguished evaluators are dedicated to assess the pitches and provide valuable feedback to the participants.

With this Women's Day campaign, IA undertakes a bold step towards building a diverse and inclusive startup ecosystem. By creating a dedicated platform for women founders, India Accelerator is addressing the systemic challenges and transforming the way women entrepreneurs lead the charge in the Tech industry.

About India Accelerator:

India Accelerator (IA), the country's preeminent seed-stage startup accelerator, and the recipient of the "Best Accelerator of the Country" award from Start-up India in 2022. Our commitment to fostering innovation and supporting upcoming founders has consistently positioned us at the forefront of the Indian start-up ecosystem. Along with the Accelerator, we are also very active in early-stage investments through its Joint Venture ‘Finvolve’ and its 3 AIFs & a Gift City Fund. IA is not just about funding; it is a holistic ecosystem enhancer that provides startups with the necessary tools, mentorship, and network to thrive in the competitive landscape.

IIM Sambalpur Receives $2 Mn Funding for Startup Incubation Center on Its 9th Foundation Day

Also Inks Pact with India Accelerator to Promote Entrepreneurship Ecosystem

IIM Sambalpur celebrated its 9th Foundation Day with the Theme: “Accelerating Startup’s Ecosystems”. Mr. Sushant Kumar, ESKYEN Ventures committed fund of 2 million USD to Incubation Centre of IIM Sambalpur to promote start-ups and entrepreneurship. Also an MoU signed between IIM Sambalpur & India Accelerator to build entrepreneurial capacity for the incubates of IIM Sambalpur.

The program was address by Shri. Dharmendra Pradhan, Hon’ble Minister of Education, Skill Development & Entrepreneurship, GoI as the Chief Guest.

During the event, the Chief Guest, Shri Dharmendra Pradhan, Union Education Minister of the Government of India, congratulated IIM Sambalpur on its Ninth Foundation Day through a video message. He praised the alliances and partnerships that IIM Sambalpur has formed with businesses like India Accelerator, SIDBI, and Flipkart, highlighting their importance in fostering entrepreneurs and assisting the livelihoods of local weavers and craftsmen. In his inspirational speech, he urged the students to use innovation, inclusivity, and integrity - the three pillars of IIM Sambalpur - as their compass points in all their activities. He acknowledged that IIM Sambalpur had given them the knowledge and abilities necessary for professional success and urged them to constantly remember their greater purpose, strive for excellence, give back to society, and uphold the values that will cause India to become a developed country by 2047.

The Guest of Honour, Mr. Sushant Kumar, Founder & Principal of ESKEYN Ventures & Indus Capital, USA, underscored the vital role of confidence in early investors like Ram Shriram, who was the first investor in Google and supported Larry Page and Sergey Brin, even during the company's unprofitable years. He shed light on the enormous obstacles that companies must overcome by empathizing with the primary worries that frequently plague them, such as fundraising, loan repayments, and job stability. Additionally, Mr. Kumar revealed major funding for an incubation center at IIM Sambalpur totaling $2 million. He commended the dynamic leadership of Professor Jaiswal and his team, assuring that the project's implementation would commence shortly.

The Keynote Speaker, Mr Hiranmaya Mahanta, CEO, i-HUB Gujarat shared a story of Stanford University's innovative spirit. Stanford got $50,000 from the U.S. State Department's innovation fund when it was established in 1939, but their strategy for fostering innovation made them a force to be reckoned with. In a similar vein, he believed that IIM Sambalpur might take the lead in promoting entrepreneurship and innovation thanks to Dr. Jaiswal's inspirational leadership. The institute, like Stanford University, has a fantastic opportunity to influence the future.

Additionally, he encouraged students to adopt an innovative mindset, take prudent chances, and not be afraid to ask questions.

In the welcome address, Prof. Mahadeo Jaiswal, Director, of IIM Sambalpur stated, "Established on September 23, 2015, within its 8-year journey IIM Sambalpur has carved a niche among the top IIMs. The vision of IIM Sambalpur is to nurture responsible leaders with an entrepreneurial mindset and core values centered around innovation, inclusiveness, and integrity. We are also privileged that Prime Minister Shri Narendra Modi laid the foundation stone of the institute on January 2, 2021. Some achievements in these 8 years include: In 2019, we created history in top B-schools; in 2019, IIM Sambalpur achieved 50 per cent gender diversity, a milestone followed by all IIMs."

He also spoke about the trend in increasing the percentage of non-engineering students in the MBA batch in which IIM Sambalpur emerged as a leader in the country. The director further informed about the three unique projects namely BunkarValleys.com to promote master weavers and artisans, MineralValleys.com to study the value that mines and minerals are creating for the people of Odisha and DigitalValue.com to promote digital leadership in the country and upcoming MoUs.”

Mr Hiranmaya Mahanta, CEO, i-HUB Gujarat graced the event as the Guest of Honour. On the occasion, Mr Arindam Mukhopadhyay, Partner, India Accelerator; Mr. Deepak Sharma, Co-Founder & Managing Partner, India Accelerator and Mr. Bodhisattwa Sanghapriya, Founder and CEO, IG Drones were also present.

On the occasion, the key achievers in different fields were felicitated by the dignitaries. Mr. Amrut Mohanty, CAO I/C gave the vote of thanks. The event concluded with a roundtable discussion on the topic 'Accelerating Startup’s Ecosystems.

India Accelerator Begins Gujarat Operations; Bets Big on Tier-2 Sectors with a Vision to Empower 100+ Startups in Gujarat by 2025

Gurgaon-based India Accelerator, a renowned Seed Accelerator, has marked a significant milestone with the inauguration of its Gujarat operations. Demonstrating a strong belief in the potential of startups in tier-2 cities, the accelerator is poised to make a substantial impact in the startup landscape. Expanding its reach through its focus on domestic entrepreneurship, India Accelerator further aims to extend its support to burgeoning startup ecosystems in cities such as Pune, Chandigarh, Orissa and Jaipur.

Gujarat, a leader in innovation, has consistently secured top ranks from the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, in 2018, 2019, and 2021. Under the ambit of the Gujarat Industrial Policy, a remarkable 377 startups have secured funding amounting to Rs. 58 crores. This unwavering support from the government has galvanized the private sector, fostering a conducive environment for startups to flourish. With the inauguration of operations in Ahmedabad, IA's strategic move exemplifies a strong investment in the untapped potential of tier 2 cities and Gujarat's compelling attributes. In a dedicated effort to elevate the startup experience in Ahmedabad, IA has introduced a new co-working space sprawling across 1500 sq. ft., accommodating up to 200 seats. This initiative not only underscores IA's commitment but also augments the entrepreneurial landscape, fostering innovation and collaboration.

With the commencement of operations in Ahmedabad, IA's move signifies a robust bet on the potential within tier 2 cities and Gujarat's compelling attributes. To further enhance the working experience for startups in Ahmedabad, IA has launched a new co-working space over a sprawling area of 1500 sq. ft. with a seating capacity of 200 seats.

"Our current expansion marks the second phase of our journey, where we're not only broadening our geographic presence but also deepening our engagement within local startup ecosystems," articulated Ashish Bhatia, Founder of India Accelerator. He further emphasized, "We are focused on building a dominant, world-class global powerhouse that at the same time can work very local. Hence our vision of going deep into country’s hinterland and build the ecosystem grounds up because the foundation of our business is seeds. At present, almost 10% of the accelerator's startups have their roots in tier-2 cities, which given the rise of local entrepreneurship, is set to increase to one-third of our portfolio, solidifying India Accelerator's commitment to nurturing innovation across diverse landscapes.”

Bolstering its commitment, India Accelerator envisions investing a substantial amount across a diverse array of sectors including Healthtech, Fintech, Agritech, Social Impact, Deep tech, and AI, aiming to empower 100+ startups in Gujarat by 2025. With a track record of backing over 200 ventures leveraging cutting-edge technologies, IA has propelled entrepreneurs with innovative concepts while raising three venture capital funds totaling 350+ crores in just six years. India Accelerator's forthcoming GIFT City Fund, amounting to 150 crore, is poised to further catalyze the ecosystem.

Through its dedicated domain-specific accelerator programs, IA plans to bring unparalleled expertise across India's startup landscape. Collaborative efforts with I-HUB, GIFT City, and educational incubators are envisioned, fostering localized entrepreneurship ecosystems.

Notably, IA extends its network to international regions like Dubai, Silicon Valley and Sri Lanka, enabling Gujarat startups to tap into global opportunities through strategic partnerships. IA's trajectory is marked by exponential growth, transforming from backing 5 startups with an investment of 70 lacs in 2017 to its present robust portfolio of 200+ startups with a collective investment of 50 crore. The accelerator's visionary path projects an investment of 500 crore in 1000 startups by 2030. With an eye on the future, IA envisions creating a combined valuation of $5 billion for its startups by the end of 2025, globally, by expanding into Tier 2 cities and unlocking latent potential.

About India Accelerator

India Accelerator is the first GAN partnered accelerator in India, endeavouring to provide 360-degrees cross-functional mentorship, business growth and funding to entrepreneurs. Government of India has recognised India Accelerator (IA) as the 'Best Accelerator of the Country!'. IA has created a vibrant entrepreneurial ecosystem in the country, have got 150+ start-ups under our portfolio, and have 1400+ mentors in our network who help start-ups in our industry-focused specialized verticals (HealthTech, AgriTech, Social, Energy, FinTech, Web 3.0, B2B SaaS, etc.). They work closely with Corporates and academia to help promote the development of an entrepreneurial mind-set and generate innovative solutions to their real-world problems.

India Accelerator’s Portfolio Startup 3iology to Digitize 10,800 Hindu Temples in 100 Days

3iology Technologies will onboard qualifying temples all over India onto its software 3ioNetra to embark on the journey to digitize 10800 temples in such a short period of time.

3iology Technologies – a leading temple management software company backed by India Accelerator has started inviting applications for the free digitization of 10800 Hindu temples within 100 days. The initiative is sponsored by several corporates and religious bodies to onboard qualifying temples all over India to 3iology’s software 3ioNetra at no cost for the first year.

Philanthropy is rooted in India’s culture and the majority of devotees make donations from Rs. 10 to big-ticket offerings. Though technology has taken over the lead in almost every sector, temples still lag behind in systematic developments, finance and asset management. Hence, IA-backed 3iology Technologies has undertaken the initiative to revolutionize the management of temples across the country to simplify the lives of devotees as well as trustees.

Commenting on 3iology inviting the applications, Deepak Nagpal, Managing Partner at India Accelerator said, “Inflow of donations in religious places has only increased for the upliftment of temple, its surroundings and feeding the underprivileged. Even when the donations are made in good faith, transparency and efficiency in management remain a major concern. 3iology Technologies’ initiative to revolutionize temple management scenario will help temples in their seva and donations bookings, generating receipts and getting reports easily.”

“3ioNetra, a portfolio startup of India Accelerator, is an integration of modern excellence and traditional insights which help transform today’s religious needs of institutions, trusts and individuals. They develop products that are one-stop solutions that give power to governance, create shared accountability and enable strong lifetime connections with devotees. Traditionalists have been reluctant to adopt & invest in Technology to manage Temple operations due to the high cost of deployment and hence 3ioNetra is offering a free Subscription –based Temple ERP and Website with absolutely no cost to the Temple," he added.

“We are thrilled to have embarked on this journey of digitizing 10800 temples in such a short period of time. Our goal is to help temples across the country operate more efficiently and provide devotees with a modern and highly secure, technology-driven experience. We believe that our software will change the way temple management teams operate and manage their temples on one side while also making the devotees' experience better.” said Mr. Sharad Kamath, Founder - 3iology Technologies.

Founded in 2020, 3ioNetra - subscription-based Temple Management and Resource Planning (TMRP) Software has made it easier for temple management trustees to streamline their operations and engage with devotees more effectively. The comprehensive software suite includes features such as Seva, Donation management, Accounting with Tally integration, Devotee Management through Devotee App, Hall Bookings, Room Bookings, Online Bookings for Temple visits, Inventory / Asset Management, Land/Rent Management, Jewellery Management and more.

The digitization of the Hindu temples will enable devotees to connect with their spiritual roots in a more meaningful way as temple management committees will now be able to provide devotees with a seamless experience, making temple visits more convenient and enjoyable.

3iology Technologies has been providing digital solutions for temple management since 2017 and so far, it is the largest provider in the market with over 360+ temples and charitable trusts digitized. The tech-led temple management company is known for its highly secure digital payments solutions integrated with its flagship product – 3ioNetra, making it a sought-after choice for temple management committees and trustees.

Interested Temple Management committees can nominate their temples for the free billing software by contacting us directly on WhatsApp 7738693331 or register on www.3ioNetra.in

About India Accelerator

India Accelerator is the first GAN partnered accelerator in India, endeavoring to provide 360-degrees cross-functional mentorship, business growth and funding to entrepreneurs. Government of India has recognised India Accelerator (IA) as the 'Best Accelerator of the Country!'.

IA has created a vibrant entrepreneurial ecosystem in the country, have got 150+ startups under our portfolio, and have 1400+ mentors in our network who help startups in our industry-focused specialized verticals (HealthTech, AgriTech, Social, Energy, FinTech, Web 3.0, B2B SaaS, etc.). They work closely with Corporates and academia to help promote the development of an entrepreneurial mindset and generate innovative solutions to their real-world problems.

On-Demand Workforce Platform Avenue Growth Raises New Round of Funding Led by India Accelerator

Rachit Mathur, Founder & CEO, Avenue Growth

Avenue Growth plans to utilize the funds in the expansion of its verticals, strengthen its technology platform and expand its leadership team

Avenue Growth – an on-demand workforce platform has recently raised a new round of funding led by India Accelerator – India’s only seed accelerator program with Global Accelerator Network. The investment round also witnessed participation from other prominent ventures including Growth Opportunities Fund, IAES Ventures LLP and the Ministry of Electronics and Information Technology (Meity).

Incepted in 2019, Avenue Growth empowers businesses to scale their operations in a lean manner by using On-Demand workers while giving opportunities to the workers to be Micro Entrepreneurs. Recognized as a business growth platform, Avenue Growth helps companies find, hire and manage flexible workers within a few simple steps.

The company is aggressively expanding its service portfolio and planning to launch new verticals in the GIG Workforce space. The platform plans to allocate the acquired funds to the growth of new verticals. Apart from this, the platform is also planning to utilize these funds to further strengthen its technology platform and expand its leadership team.

Delighted with the funding, Rachit Mathur- Founder and CEO said, "We are delighted to partner with India Accelerator. They are the first institutional investors who are joining us on this journey and we are honoured to have them onboard. The team has been very supportive and is continuously helping us unlock more opportunities. This is the beginning of a new business journey and we look forward to working with them and building a strong business."

Commenting on the investment, Deepak Nagpal, Managing Partner, India Accelerator, said, “India is an emerging gig economy, gaining overwhelming traction. Post the pandemic, the demand for the workforce started turning towards a mature side and it becomes imperative to make the market ready for disruption. There is an increasing demand for an on-demand workforce and we look forward to seeing Avenue Growth bridging the supply-demand gap while revolutionising the market for on-ground skilled workers.”

In a short span, Avenue Growth has acquired leading Indian and Global companies as its clients including Swiggy, Airtel, TATA AIA, V5 Global and many others. It is building niche industry verticals in the company and in the new financial year, the company will be launching three new verticals that will drive its idea for GIG work in India and how every Industry is embracing it.

Avenue Growth has previously raised funding from leading angel investors including Mr. Rajesh Sud, Mr. Aditya Malik, Mr. Avtar Monga, Mr. Priyavrata Mafatlal amongst others. Over the last few years, the company has been growing 5X year on year and emerging as a leading GIG Workforce platform in the country.

India Accelerator is the first GAN partnered accelerator in India, endeavoring to provide 360-degrees cross-functional mentorship, business growth and funding to entrepreneurs.

Government of India has recognised India Accelerator (IA) as the 'Best Accelerator of the Country!'. IA has created a vibrant entrepreneurial ecosystem in the country, have got 150+ startups under our portfolio, and have 1400+ mentors in our network who help startups in our industry-focused specialized verticals (HealthTech, AgriTech, Social, Energy, FinTech, Web 3.0, B2B SaaS, etc.). They work closely with Corporates and academia to help promote the development of an entrepreneurial mindset and generate innovative solutions to their real-world problems.

India Accelerator’s iAngels invests in Hyderabad-based B2B Procurement startup - Badhaan.com

Badhaan.com – a data-driven India’s first full-stack FoodTech platform for restaurants has recently secured an undisclosed amount in the seed funding round led by India Accelerator. The investment round also witnessed participation from HNIs & Industry veterans such as Mr. Pramod Veturi, Sivaram Vallampati, Anand Mahadevan and others.

The company plans to utilize the acquired funds for business expansion, launching private label brands, and platform development.

In a short span, Badhaan is making significant contributions to the food industry by allowing restaurants to manage their inventory position seamlessly as well as procure in bulk and get access to flexible payment terms. It also provides a state-of-the-art smart inventory management platform that tracks and predicts restaurant inventory needs. 

Talking about the company vision, Vishnu Vikyath G, Founder of Badhaan.com said, "What Badhaan does is improve a restaurant/cloud kitchen's bottom line, inventory position and cash-flow. Our vision has always been to empower business financially and that's what drives real value in B2B markets."

"Raw Material procurement accounts for 35% of a restaurant's cost structure and presents a host of challenges from SKU Management, Quality & Delivery Consistency and Cash Flow Management. There is immense potential for a data-driven platform to disrupt the market, and Badhaan is doing just that. We are excited to partner with them in their mission to organize the restaurant procurement" – Munish Bhatia, Co-Founder of India Accelerator.

Restaurant procurement is a $70 Bn market in India and is growing at 10% CAGR. Tracking and maintaining adequate inventory levels is a daunting task for restaurant owners and supply chain managers as a typical restaurant chain has over 800 SKUs. Inefficiencies in doing so lead to inventory stockouts, eroded bottom line and cash flow shortages.

Founded in Nov 2021 by Vishnu Vikyath G and Manoj Mareedu, Badhaan.com is a DPIIT-approved venture accelerated by India Accelerator. The platform offers raw material procurement and a smart inventory management platform for restaurants. The technology and data-driven inventory platform help restaurants track, predict and fulfill their procurement requirements.

Within a year of its inception, Badhaan has already partnered with some of the best-known kitchen chains and restaurant chains in Hyderabad. The FoodTech platform has helped its clients reduce stockouts and wastages by 15%, along with a 10% - 15% improvement in procurement costs. 

Badhaan has delivered 1000+ orders to more than 100 trusted customers. Currently, it serves two cities – Hyderabad & Chennai and plans to expand its presence in 2 more cities by the end of FY23.

About India Accelerator

India Accelerator is the first GAN partnered accelerator in India, endeavoring to provide 360-degrees cross-functional mentorship, business growth and funding to entrepreneurs. Government of India has recognised India Accelerator (IA) as the 'Best Accelerator of the Country!'. IA has created a vibrant entrepreneurial ecosystem in the country, have got 150+ startups under our portfolio, and have 1400+ mentors in our network who help startups in our industry-focused specialized verticals (HealthTech, AgriTech, Social, Energy, FinTech, Web 3.0, B2B SaaS, etc.). They work closely with Corporates and academia to help promote the development of an entrepreneurial mindset and generate innovative solutions to their real-world problems.

India Accelerator Launches New EdTech Startup Envent to Nurture Entrepreneurship Ecosystem

Envent is the India Accelerator’s flagship edtech startup and India’s first edtech platform that offers an experiential learning environment to aspiring entrepreneurs.

India Accelerator, India’s only GAN partnered accelerator has recently announced the launch of its flagship Edtech startup Envent – India’s first Ed-tech platform that provides an experiential learning environment to aspiring students, entrepreneurs, working professionals and first-time entrepreneurs. The platform provides comprehensive support, develops key entrepreneurial skills, and helps with risk management to turn ideas into successful business stories.

Operating a startup in a competitive landscape is challenging, considering the dynamics of the market. On the other hand, entrepreneurship programs that are already available in the industry are comparatively expensive and offer lesser value to budding entrepreneurs. With Envent, IA presents a bigger picture to students as they get an opportunity to access support from India’s accomplished accelerator. Furthermore, it ensures good ideas and capable entrepreneurs get a fair chance at success.

Delighted with the initiative’s launch, Sagar Menon,Founder, Envent said, “Our true purpose goes beyond helping aspiring entrepreneurs establish successful ventures. We believe that by providing the right education and igniting an entrepreneurial spirit, we can create an empowered community of inspiring leaders who will go on to solve the world's most pressing issues.”

Sagar Menon

Incepted with an idea to provide the right direction, knowledge and experience, Envent is an initiative to develop and nurture the entrepreneurship ecosystem in the country. The platform serves as a training ground for people to build a successful start-up. It leverages India Accelerator’s huge network of mentors, investors, industry experts and enterprises. As a result, it offers a unique position to provide unmatched entrepreneurship programs and world-class mentorship to aspiring entrepreneurs.

“With Envent, IA is creating a wholesome entrepreneurship ecosystem for equipping aspiring/budding entrepreneurs with an entrepreneurial mindset, skillset and providing a unique learning experience of turning their creative ideas into reality. Instead of reinventing the wheel, the edtech platform helps aspiring entrepreneurs leverage years of accumulated experience and knowledge in a more calculated way to scale business,” said Mona Singh, Founder & Partner at India Accelerator.

As part of Envent, IA has launched an E-School, one of the exclusive entrepreneurship programs designed to allow aspiring entrepreneurs to explore, build, test, and work on their business ideas. Simultaneously, the aspirants can also capitalize on the opportunity to develop the key skills and mindset required to become successful entrepreneurs. The program takes the students from Idea generation to being prepared for a full-fledged Start-up launch.

IA accelerator is also exploring the B2B side of the edtech platform. As part of the business plan, it is targeting schools and universities to offer entrepreneurship programs, elective courses, and bespoke workshops on entrepreneurship.

India Accelerator and Gujarat’s i-Hub Join Hands to Nurture the Startup Ecosystem in India

The Gujarat Student Startup and Innovation Hub (i-Hub) and India Accelerator have signed a Memorandum of Understanding (MoU) to create and curate a pipeline of early-stage startups that can be mentored, supported and financed by investors.

sIndia Accelerator, India’s only GAN partnered accelerator has recently partnered with Gujarat government’s vibrant incubation setup, i-Hub to fuel and foster the startup ecosystem in India, with a special focus on Gujarat.

India Accelerator and i-Hub have both agreed to develop joint programs and initiatives that bolster the startup ecosystem of the country while creating win-win situations for both parties. As per the MoU, both i-Hub and India Accelerator will jointly develop a pipeline of early-stage startups in India that can be mentored and prepared for funding by investors

i-Hub, a vibrant incubation setup, established under Student Startup Innovation Policy (SSIP) by the Gujarat government’s education department will facilitate alliances between potential investable startups and the India Accelerator. It aims to create more awareness about financing innovation and startups by joining hands with organizations like India Accelerator. Additionally, India Accelerator will help in the efforts of i-Hub in mentoring the startups in their forward integration journey of mind-to-market.

Delighted with the recent partnership, Ashish Bhatia, Founder and CEO of India Accelerator said, “We are thrilled to have joined hands with i-Hub to provide a conducive ecosystem for the innovative and budding startups of India. We are looking forward to putting the startups of Gujarat and India on the map and generating employment within the country. Our partnership will help early-stage startups to get the right mentorship, support and resources at the right time which will help them raise capital and succeed. With this association, we believe we can propel the startup ecosystem in India to new heights.

Commenting on the partnership, Hiranmay Mahanta, CEO of i-Hub said, “Having worked closely with so many promising young entrepreneurs and startups in Gujarat, we want to create a trajectory for them to advance from mind-to-market. Our collaboration with India Accelerator will help the innovative startups of India to overcome the early-stage challenges and raise capital. We are committed to furthering the growth and development of student startups and building India’s entrepreneurial ecosystem.

Founded in 2019, i-Hub is a vibrant incubation set up, focused on catalyzing the creation of a strong startup ecosystem across the state of Gujarat by inculcating entrepreneurial spirit in the youth of the state. The Student Startup and Innovation Hub has undertaken strategic interventions to develop an exemplary incubation support system by linking students, academia, industry and society at large.

Being India’s only GAN partnered mentorship-driven accelerator, India Accelerator has empowered over 100 diverse startups to grow into successful ventures across the country. A leading seed-stage accelerator in India, the company helps startups grow from ground zero by providing them with building blocks like capital, mentorship, network and technology, among others. The company has also been recognized as the ‘Best Accelerator of India’ by Startup India.

India’s 1st Tech Redevelopment Platform DreamsRedeveloped Raises Pre-Seed Funding Led By India Accelerator

Company to use funds to develop AI enabled Platform for Redevelopment ecosystem and expansion

Pune based Dreamsredeveloped, India’s first Tech Redevelopment platform has raised an undisclosed amount Pre-seed round led by Indian Accelerator to build their AI enabled Platform which connects the entire Redevelopment ecosystem and expansion.

A brainchild of CA S Lakshminarayanan who went through the Redevelopment process for his building understood the nuances of Redevelopment and built a platform from scratch to help Senior Citizens to navigate through this lengthy and complex process of Redevelopment. He also has created some parameters which can microfit clusters in the Cities and has received rave reviews from Citizens and Media alike.

Commenting on the deal, CA S Lakshminarayanan, Founder, said, “Having gone through the nitty-gritties of Redevelopment we are focussed on building a platform which provides a hassle-free experience to the senior citizens in their whole Redevelopment process, provides a good discovery and transparent platform for the Developers and also provides a gamut of services for the service providers like Architects, Lawyers, Liaisoning, Mediation, etc. Dreamsredeveloped has been well-received by the market and has been growing at a rapid pace in a niche market. We conducted India’s First Redevelopment Expo in December and the enthusiasm in which Property Owners and Developers participated provided us a good impetus and validated the whole Platform approach.”

CA Harish Menon, Co-founder, said “I am glad we utilised the opportunity and created a platform which is well-liked by Senior Citizens and youngsters alike in the Redevelopment ecosystem” 

Mona Singh, Co- founder, Indian Accelerator, said, "We believe in the Platform approach in an uncharted area like Redevelopment which would be a huge untapped market in bigger cities. Also having interacted with the Founders, we believe their hands-on knowledge will come in handy towards building a nationwide platform for Redevelopment."

IA Launches New Co-working Space at Golf Course Road, Gurugram

The newly built co-working space is located in one of the most sought-after business locations in Gurugram and has 250 seats available with an array of workspace options.

India Accelerator - India’s only seed accelerator program with Global Accelerator Network launches new co-working space on Golf Course Road, Gurugram, establishing its 5th Co-working space in the city/country. With the newly launched space, the accelerator aims to offer a collaborative work environment and empower startups and young entrepreneurs to thrive in a competitive business landscape.

The newly unveiled co-working space is spread across a 1500 sq. ft. area, based on a new concept of easing the way modern companies work. The space offers a comfy as well as upgraded lifestyle to employees to enhance their engagement and productivity at work.

Delighted with the unveiling of new coworking space Mr Abhay Chawla Co-Founder at India Accelerator said, “Having an office space in a premium business location costs a fortune. It is a major roadblock for highly-talented professionals and startups. Being a new age co-working space, we have created a budget and work-friendly infrastructure combined with technology, design-thinking and efficiency of resources. With this space, we look forward to bringing endless growth opportunities for startups and entrepreneurs.”

“With accelerated digital adoption, flexibility has taken the centre stage in modern work culture. We understand the requirements of new-age startups and thus, give immense flexible opportunities in terms of location and workstation options,” he added.

Given the broader changes occurring in the present work scenario, demand for every working professional is also changing in terms of flexibility and cost to use the space. The co-working space has 250 seats available. It provides a plethora of workspace options including fixed workstations, personalized cubicles, cabins and flexible day pass.

Furthermore, the co-working space is furnished with advanced technologies and amenities including well-equipped meeting rooms, high-speed Wi-Fi, cafeteria and deliberately thought seating arrangements.

Currently, India Accelerator has a strong presence in Gurugram – one of the most sought-after business hubs in India. Further, it plans to expand in Bangalore, Pune, Mumbai and Hyderabad in the upcoming year.

India Accelerator On Boards New Principal Partners

(Left to Right) Romil Kapadia, Satyabrata Das, Harish Menon

Satyabrata Das, Harish Menon and Romil Kapadia have been onboarded as principal partners to strengthen India Accelerator’s global operations and investment expertise.

India Accelerator, India’s only GAN partnered accelerator has recently announced the appointment of three new principal partners – Satyabrata Das, Harish Menon and Romil Kapadia as part of iAngels network, to accelerate the company’s expansion strategy and strengthen global operations. The partnership’s emphasis is on startup identification, angel network expansion, mentoring and global business expansion.

Satyabrata Das is a recognized Angel Investor and joins India Accelerator with over 25 years of experience at scaling multiple organizations across India and Kenya. Previously the Finance Director of one of Kenya’s largest multinational companies, Mr Das has mentored over 20 growing startups across the globe. With his domain expertise and passion for building transformative companies, India Accelerator envisions expanding its geographical footprint and leading strategic partnerships across the globe.

Harish Menon is a respected Chartered Accountant and has over 20 years of experience in financial markets and investment consultation. Registered with SEBI as an Investment Adviser, Mr Menon has co-founded multiple organizations and has invested in over 20 nascent startups in the previous year alone. With his investment acumen and expertise, India Accelerator aspires to scout and school the most investible and promising startups.

Romil Kapadia has a rich experience of over 15 years in asset management and an extensive network of investor relationships. Currently serving as the Managing Partner at Motilal Oswal Private Wealth Management, Romil has been awarded the ‘40 Under Forty 2022’ title by Equalifi and Edelweiss. Under his strong leadership and expertise, India Accelerator endeavours to empower startups in fundraising and business development.

Delighted with the appointment of such strong leaders, Mona Singh, CoFounder, India Accelerator commented -

I am overjoyed to welcome Satya, Harish and Romil to the IA team as principal partners. With their business acumen, leadership skills and vast experience, we hope to vault India’s startup economy to unprecedented heights. Under their leadership and enlightenment, we are also looking forward to scaling our angel network and strengthening our global expansion plans.

Being India’s only GAN partnered mentorship-driven accelerator, India Accelerator has empowered over 100 startups to grow into successful ventures. A leading seed-stage accelerator in India, the company is emboldening startups to build innovative solutions, scale new heights and generate employment in India. The company has also been recently awarded the ‘Best Accelerator of India’ at National Startup Awards 2021 by Startup India.