Israeli startups eLoan and InQSec have enrolled in Mukesh Ambani’s accelerator GenNext’s second class, reports Globes. eLoan offers a mediating platform between lenders and borrowers, while InQSec provides IT and security consulting and has a platform connecting 2 parties through networks, systems and devices. eLoan was founded by Amit Levinstein, Yigal Alkaslasy, and Yoram Gavish in April 2015. It also sold 19.9% of it to Meitav DS Holdings and offers loans up to NIS 200,000 (~ Rs 33,66,005) with a repayment period of up to 6 years at supposed low interest rates compared to banking alternatives. Israeli startups could enhance cellular networks Another Globes report cited Vivek Rai Gupta, a managing partner at GenNext as saying that the accelerator wants to hook up to the Israeli ecosystem and discover companies that can enhance the deployment of Reliance Jio’s cellular networks. Rajan Luthra, senior VP at Reliance Industries said that it was looking at startup companies in security, health, educational, entertainment and content domains. He added that Reliance was a digital services company, not a traditional telecom company. According to Luthra, India has 100-200 million potential customers for which Israeli startups could have suitable ideas, technologies or products, and that Reliance had “no limit” in the amount of investment. (Also read: Reliance Jio in 2014-15: FY15 results, Jio Chat, Wi-Fi services, spectrum auctions & more) GenNext Innovation Hub is owned by Mukesh Ambani in cooperation with Microsoft Ventures. In March, Bloomberg had reported that Ambani was looking to invest in startups from…
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