wordpress blog stats
Connect with us

Hi, what are you looking for?

500 Startups’ new $25M fund to invest in India, Sri Lanka & Bangladesh

500 Startups has announced 500 Kulfi, a $25 million fund focused on India, Sri Lanka and Bangladesh. The fund will focus on early stage companies that have demonstrated traction, and will look to invest in up to 25-50 startups every year. The fund will be sector agnostic, with a focus on financial tech, education tech, health & wellness, content, data analytics and SaaS/SMB. Pankaj Jain, partner at 500 Startups, will run the 500 Kulfi fund. Note that he was appointed by the company to focus on India back in 2012. As of now 500 Startups claims to have invested in over 50 companies in India since 2011, including investments in startups like ZipDial, Instamojo, SourceEasy, CultureAlley, SilverPush, KartRocket and Headout. 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 accelerators in India: - Earlier this month, HT Media said that it had invested Rs 1.5 crore in new media startups through its MediaHacks accelerator. The company launched this accelerator in May last year, specifically for early stage startups in media. - In December last year, Flexeye opened HyperCat, an accelerator and incubator centre for Internet of Things (IoT) startups in Hyderabad. - In November, French aircraft maker Airbus said it would set up Airbus BizLab, its aerospace startup accelerator, in Bangalore. - In August, Intel India…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Tata Restart website was using the trademark of Tata Sons and the image of Ratan Tata.

News

The hackers used the fake Facebook ads to target people based in European countries, specially male users, said the report

News

GPT-4 Turbo with Vision builds upon the foundation of the GPT-4 model, integrating the enhanced token outputs introduced in the Turbo model, and now...

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

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

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...

Advert

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...

News

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...

News

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...

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
Name:*
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