The Founder and Chairman of Multibillion dollar Alibaba Group, Jack Ma during his recent visit to India, joined hands with India’s Globals Inc, to establish a startup incubator focused on mobile internet and mcommerce. “We met Jack Ma and his team in Delhi on Monday, and we came to an in-principle agreement on the incubator,“ said Globals founder Suhas Gopinath.
Research reports states that there has been significant rise in mobile usage since 2014 which grew by 33%, and is further expected to grow by 21% year-on-year basis to touch 457 Mn by 2019. Also, it has been noted that the mobile app downloads would grow six-fold to 9 Bn by the end of this year.
The startup incubator will focus primarily on mcommerce and mobile internet related startups and will be operational from May-June of the current financial year.
Suhas Gopinath further added, “It is easy to mentor the startups, and find the right set of funders if you have a focused incubator.”
In India, there are a number of startup incubators and accelerators, however, there are only few which focusses on particular domain. Just few months back, GSF Accelerator had launched M-Accelerator focussed on mobile-first startups.