The India Accelerator (IA) is a seed accelerator began in March 2017; it goals to be the spawning floor for rising tech start-ups. “The chosen start-ups obtain not solely seed funding, recommendation and mentoring, and connections, but in addition different vital inputs required to allow them to be launched efficiently,” stated Ashish Bhatia, founder, IA, in a latest interplay with FE.
The IA is a part of the World Accelerator Community, a bunch of 100-odd high accelerators on this planet. “The IA mannequin intently follows that of TechStars and different internationally-known accelerators,” he stated.
Bhatia added that the IA is exclusive when it comes to its intensive hands-on strategy, 360-degree protection, investor relationships, associate community and world focus. “Our mentors are all profitable individuals who have the fervour to construct the entrepreneurship neighborhood. We’re the one GAN-backed accelerator in India; GAN opens up quite a few alternatives for our portfolio start-ups to increase globally, and in addition brings world mentorship and funding into the image,” he stated.
The pandemic 12 months (2020), Bhatia stated, has been robust on start-ups. “The funding funnel dried up, revenues declined, earnings shrunk, and corporations scaled down development plans. Early-stage and mid-stage start-ups are the worst-hit, particularly in journey and transportation house,” he stated.
On the similar time, start-ups within the healthtech and edtech house witnessed a surge in revenues and attracted good funding. “The great factor is that not one of the ‘our start-ups’ shut store throughout these making an attempt instances. They pivoted, they reengineered, they scaled down in some instances, however they managed to remain alive and I’m certain they may strike again more durable with issues now trying up,” Bhatia stated.
In 2020, the IA funded 30 start-ups in its cohort, and it goals to fund 100 start-ups this 12 months.
Going ahead, the IA is planning world enlargement. “We’re on the drafting board for launching a programme in Singapore, as a base for overlaying the Southeast Asian geography. One other focus is to increase our footprint to Africa,” Bhatia stated.