SUMMARY
FalconX also announced the launch of its first venture fund, with a corpus of $20 Mn, which would invest in Indian as well as global startups which are part of its accelerator program
Through the Global Immersion Program Cohort 2, FalconX aims to mentor and help scale 15 Indian B2B startups across sectors
Kaaj Ventures is one of the angels associated with FalconX, along with investment firms like SV Quad, Insight Partners, and Clearvision Ventures
US-based accelerator FalconX has launched the second cohort of its Global Immersion Program, aimed at helping Indian entrepreneurs grow and scale their startups in the US.
The program includes an ‘entrepreneurial masterclass’, sessions on topics such as go-to-market strategy, building the product market fit, sales, pricing, and fundraising, and one-on-one mentorship from over 40 industry leaders.
Besides, FalconX also announced the launch of its first venture fund, with a corpus of $20 Mn, which would invest in Indian as well as global startups which are part of the accelerator program.
Through the Global Immersion Program Cohort 2, FalconX aims to mentor and help scale 15 Indian B2B startups across sectors. While the accelerator program doesn’t have any enrollment fee and will provide a $10,000 stipend to each selected startup, FalconX would hold equity shares in the startups in lieu of its services.
“Entrepreneurship will play a crucial role in propelling India to the top of the global economic rankings by 2047…FalconX will play a vital role in shaping their success,” said B.V. Jagadeesh, cofounder of FalconX and Managing Partner of Kaaj Ventures.
Kaaj Ventures is one of the angels associated with FalconX, along with investment firms like SV Quad, Insight Partners, and Clearvision Ventures.
“I think in the next 5-10 years, the Indian startup companies will reach a stage where (they will) start validating and growing the revenues to almost $50 Mn-$100 Mn in India itself, and then start establishing a global presence. This is the transformation that will take place,” Jagadeesh added.
Launched in 2018 by a founding team of veteran technology entrepreneurs and angel investors like Jagadeesh, Murali Chirala, Raju Reddy, Ashish Gupta, Pradeep Aswani, Praveen Akkiraju, Krishna Yarlagadda, Anurag Jain, and more, FalconX has been supporting the US-launch of startups from countries across the world. It has mentored startups like MapmyIndia, RACEnergy, and Dataworkz.
Keeping the entrepreneurs and the startups in the centre, FalconX has built an ecosystem and partnered with enterprises like Meta, Greenko, and more. In India, FalconX has also partnered with Hyderabad-based T-Hub.
In a press briefing, the accelerator said that through its cohort program, it would act as a platform that helps Indian startups planning to expand their product and services to the US in soft landing. With the mentorship and guidance of the organisation, the startups would be further equipped to bring value to customers in the US.
As the Indian startup ecosystem grows, it has also started making a distinct position in the global entrepreneurial ecosystem, across segments, in both B2B and B2C. India is one of the fastest-growing digital economies in the world. Besides, it is expected to become a $5 Tn economy by 2030. All this has made even global firms take cognizance of the Indian startups.
Apart from global investors, companies like Google, Microsoft, and Cisco are further strengthening their mentorship and accelerator programs for the country’s startups.
India currently has the third-largest startup ecosystem in the world and is home to 108 unicorns.
