Gurugram-based India Accelerator has raised an undisclosed amount of funding in a round led by InvestMind Solutions and Singapore-based HotStar ventures.
Founded by Ashish Bhatia and Abhay Chawla in 2017, India Accelerator is a coworking space and accelerator that assists startups in becoming sustainable and leverage technology.
India Accelerator is also a member of the Global Accelerator Network (GAN), a consortium of more than 85 leading accelerators in the world, including SparkLabs in South Korea and Techstars in the US. It claims to have expanded its portfolio and has come up with a second co-working space as a separate LOB to help promote community building and collaboration among the startup ecosystem.
The accelerator plans to use the raised funding to further diversify its offerings, enable global reach, and engage more with growth-stage startups while also offering mentorship and peripheral services such as financial and legal assistance.
Bhatia said, “The investors bring a huge network and connections to India Accelerator, which will help us progress with our original vision of using the resources to continue helping entrepreneurs.”
The development comes at a time when India Accelerator has successfully completed acceleration programmes for its two cohorts.