[India], Aug 10 (ANI): India Accelerator, only GAN partnered, mentorship driven, incubation program in India, has raised an undisclosed amount of angel round of funding by InvestMind Solutions and HotStart Ventures.
With this funding, India Accelerator aims to 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.
After two rounds of successful cohorts, the company has attracted this round of funding.
"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 partner, Hotstart Ventures, Ankit Airon.
"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 co-founders Invest Mind Solutions, Pankaj and Neeraj.
Adding to this, Ashish Bhatia, founder & managing director, India Accelerator quoted, "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!" (ANI)