With VCs like Sequoia and Nexus Venturespouring 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 up to $30,000 each 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. . . (READ MORE)
Article by: Ingrid Lunden
Published at: Techcrunch.com