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| India Accelerator Team with Artha Team |
Gurgaon, March 2021: 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.
About India Accelerator
India Accelerator runs mentorship-driven incubation and acceleration programs for start-ups. It is a seed-stage accelerator program that helps startups grow from GOOD to GREAT. It’s a structured program that can bring the building blocks for a startup under one roof, the much-needed mentorship, the network, the technology, the peripheral services (like legal, financial etc), and last but not the least, the capital. It is the ONLY GAN partnered, mentorship-driven, program in India.
IA handholds the selected startups through the 4-month program, and post that, to help channelize the investment in the most effective way so investors get the bang for their buck. IA’s Accelerator Program curates the mentorship and connections that growth-stage startups need, and provides all the necessary ingredients in the same place at the same time.
About Artha Venture Fund
Artha Venture Fund (AVF) is India’s first early-stage micro-VC firm. Since its inception in 2018, AVF has primarily funded and supported multiple startups that operate as enablers, and entities that are focused on solving the challenges of Indian consumers and businesses. Besides providing strategic guidance, as active investors, AVF supports its portfolio companies with business development, which helps them scale up. 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.
Led by Anirudh A Damani, a second-generation investor, the firm has a network of limited partners, co-investors, founders, and family offices that traverse the globe. Avf's portfolio includes names like Agnikul, HobSpace, PiggyRide, Daalchini, Kabbadi Adda, and more.
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