With VCs like Sequoia and Nexus Ventures pouring money into India’s startup scene, it was only a matter of time before those focused on early-stage funding would follow. Today, GSF India, in partnership with some 30 other investors including Dave McClure’s 500 Startups, announced a new initiative called GSF Accelerator. Set to take off this October, GSF Accelerator will be mentoring and offering seed funding of reportedly up to $550,000 to 12 tech startups across Mumbai, Delhi and Bangalore, four in each city.
“There is no reason that Indian entrepreneurs cannot create the next Instagram, or the next Twitter, or the next Inmobi,” says Rajesh Sawhney, the founder of GSF India and former president of Reliance Entertainment. GSF also operates GSF Superangels, an existing network of Indian entrepreneurs who mentor startups and will also be involved in this effort.
To read the full, original article click on this link: The TechStars Model Comes To India: GSF Accelerator Partners With Dave McClure, Others For Three-City Mentoring/Funding Push | TechCrunch
