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.me, MyGola, 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 SmashSummit, UnSexy, 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…
- MediaNama Daily: We are not so certain about the CERT-In rules March 22, 2023
- How many crypto exchanges registered with India’s FIU following government notification? March 21, 2023
- Final Call: Exploring User Verification, 23rd Mar, 2023, Delhi #Ad March 21, 2023
- Why is Twitter’s move to withhold accounts amid internet shutdown in Punjab problematic? March 21, 2023
- RTI: No details on how many entities have complied with CERT-In’s cybersecurity directions March 21, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...