wordpress blog stats
Connect with us

Hi, what are you looking for?

Dave McClure’s 500 Startups Appoints Pankaj Jain As Venture Partner For India

Dave McClure’s 500 Startups has announced two new venture partners, Pankaj Jain to focus on India and Shai Goldman in New York City. Following this move, the seed fund and startup accelerator has officially entered India.

According to 500 Startups,  Jain will be focusing on investing in Indian startups, investor relations and building community across India. 500 Startups, has already made more than 10 investments in Indian companies, including Teliport.meMyGola, and CucumberTown. The fund had also collaborated with Rajesh Sawhney’s recently announced GSF India Accelerator program.

Prior to this assignment Jain was consulting for Times Internet’s TLabs accelerator in Delhi area where he was focused on deal sourcing and running the accelerator. He is also the lead organiser of Startup Weekend India. Before moving to India in 2007, Jain spent over ten years running technology and operations in NYC for multiple hedge funds, including LTCM.

500 Startups provides early-stage companies with up to $250,000 in funding, a startup accelerator program, and conducts events like SmashSummitUnSexy, and GeeksOnaPlane. It has startup mentors around the world, and a community of startup founders, assisting new ventures under the program.

Other start-up accelerators in India: Last week, Pearl Uppal, Co-Founder and former CEO of Fashionandyou.com and Gaurav Kachru, Co-founder and former CEO of dealsandyou.com, had also launched a seedfund cum start-up accelerator, 5ideas. Prior to that, former Reliance Entertainment President Rajesh Sawhney had announced GSF Accelerator, another startup accelerator, which intends to provide 12 startups with personalized and intensive mentoring over a seven week period, as well as access to funding and business networks. Last year, Times Internet Limited* (TIL), BCCL’s internet arm had also launched T-Labs, an incubation & development program to mentor and support startups in the field of internet and mobile. Another start up accelerator is The Morpheos, founded by Sameer Guglani and Nandini Hirianniah, which focus on super early stage startup, offering Rs 5 lakh funding, 4 months of intensive support from morpheus as a limited co-founder, and access to morpheus gang , a community of 65+ morpheus portfolio founders.

*Disclosure: Times Internet Limited (Indiatimes) is an advertiser with MediaNama

Advertisement. Scroll to continue reading.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....


By Anand Venkatanarayanan                         There has been enough commentary about the Indian IT...


By Rahul Rai and Shruti Aji Murali The Indian antitrust regulator, the Competition Commission of India (CCI) has a little more than a decade...


By Stella Joseph, Prakhil Mishra, and Surabhi Prabhudesai The recent difference of opinions between the Government and Twitter brings to fore the increasing scrutiny...


This article is being posted here courtesy of The Wire, where it was originally published on June 17.  By Saksham Singh The St Petersburg paradox,...

You May Also Like


IT Minister Ravi Shankar Prasad feels that “despite being in government”, there is a “gap” in online news platforms like the Wire, Scroll, and...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ