IA and AVF will provide funding and mentorship to startups, along with go-to-market support, business growth opportunities, financial management, and strategic planning support, co-working space among others
India Accelerator – a seed-stage accelerator program has recently signed an MoU with Artha Venture Fund (AVF) – India’s first early-stage Micro-VC fund to provide comprehensive support to the early-stage start-ups in India. As part of the collaboration, the initiative also provides an acceleration program to assist startups with the right mentorship and instill knowledge to expedite business growth.
Through this initiative, IA and AVF will provide funding and mentorship to startups, along with go-to-market support, business growth opportunities, financial management, and strategic planning support, co-working space among others. Furthermore, the initiative will help startups scale faster, extend their runway, recruit a core team and get better terms & valuation from follow-on investors.
On partnering with Artha Venture Fund, Mona Singh, Co-Founder IA said, “Every startup worth its salt needs expert advice, guidance, and funding from external sources. With pandemic slowing down the economy, startups all across the country faced massive challenges to survive in the market. Our partnership with Artha Venture Fund syncs with the ecosystem’s present need to provide comprehensive support to the startups. We believe this collaboration is definitely going to provide scalability and success to ambitious founders and make an impact in the society”. As part of the collaboration, Artha Venture Fund will provide the startup founders enrolled in the Accelerator Programme with funding to build their businesses for the next 36-42 months.
Anirudh A Damani, Managing Partner, Artha Venture Fund (AVF) said, “As India’s first early-stage micro-VC fund, we believe that the future of the startup ecosystem hinges on passionate founders and companies that act as enablers for business and consumers alike. We are glad to partner with India Accelerator and with this collaboration, we look forward to helping the early-stage startups with strategic guidance, business development and fundraising opportunities. With AVF’s extensive worldwide network, we look forward to the founders achieving great heights and establishing industry leadership in the times to come.
Besides the monetary support, the leadership teams will provide expert guidance to startups with decades of cross-border entrepreneurial and venture capital experience. As part of the Artha Group that has invested in 85+ early-stage companies, AVF is a category leader with investments in sectors across B2B, SaaS, technology services for kids, space-tech amongst others. AVF’s portfolio includes names like Agnikul, HobSpace, PiggyRide, Daalchini, Kabbadi Adda and more.
IA has got an extremely strong portfolio of almost 70 start-ups at different stages including Lawyered, Insurance Samadhaan, Galaxy Card, Prithvi, Cab Bazaar, Dhurina, Ingenium, Playtoome are few of the first three cohorts that have done wonderfully well.
Source: Business World
