Green House Ventures (GHV) Accelerator brought NASSCOM on board as a collaborative partner and further to enhance its year-long acceleration programme GHV has also roped in Google’s Rajan Anandan as a mentor.
The sector-agnostic accelerator will house 10 startups at a time in its year-long programme. Each startup will get seed funding of up to $100,000 in exchange for equity of up to 20%.
Under the tie-up, GHV will provide the startups an opportunity to have a global footprint by participating in the startup selection process organized by NASSCOM. It will also review applications for selecting entrepreneurs into its acceleration programme.
Rajat Tandon, Senior Director, NASSCOM 10,000 Startup said, “Our partnership with GHV will accelerate startups with a comprehensive array of market research services, go-to-market assistance, funding support and educational/networking opportunities, which is utmost important in post incubation and early stage companies.”
Google India managing director Rajan Anandan, who joins as an angel investor said that he is keen to mentor startups and grow startup ecosystem in India.
Vikram Upadhyaya, Chief Mentor at GHV, said that the venture accelerator will leverage Nasscom’s network of domain experts, mentors, validation of products and functions, and access to industry formation.
In October last year, GHV inked a partnership with Japan-based venture capital fund WiL, which invests in disruptive startups with global appeal.
Gurgaon based GHV Accelerator provides Startups with a controlled environment and appropriate optimized resource along with sustainability funding to grow multifold in a shorter timeframe. GHV’s model of acceleration is designed to help companies ramp up growth, focus on scale, shorten time to get VC funding, and attract higher valuation.