BCCL’s (Bennett, Coleman and Company Ltd) strategic investment arm Brand Capital and GSVlabs’ joint venture Brand Accelerator, an accelerator-cum-Seed fund investment arm has announced eight investments in 2016.
The program was launched on May 16, 2016 and currently has close to $2.5 Bn assets under management, across sectors such as retail, FMCG, durables, realty, digital, health, financial services, and more.
The programme focusses on seven core areas including curriculum, mentorship, networking, community support, funding access, workspace, and BC-GSV’s expertise and marketing power.
As per an official statement, it has invested in Vear, Oyeplay, Ubinga, Aaboli, Hungry Bells, Night Panda, Playablo and seatselect.in.
According to an official statement, Brand Accelerator can invest up to $150K (INR 1 Cr) in selected startups while initial investments are in the range of INR 25 Lakh.
The selected startups are: