US-based cloud infrastructure DigitalOcean announced a tie-up with Nasscom’s 10,000 Startups initiative to grow and support the startup ecosystem in India.
It plans to assist the startups in India through one-on-one interactions, workshops, boot camps, and mentorship programs. DigitalOcean has also created a special cloud credit program as an incentive for the startups associated with the Nasscom 10,000 initiative, which will offer cloud credits worth $10K to the selected startups in the program. The cloud credit will also be extended to subsequent batches of the initiative later.
DigitalOcean recently appointed Prabhakar Jayakumar as the India Country Manager to help grow and support the local startup ecosystem. The company is also launching its first data center in Bangalore, which is being set up at a cost of $5 Mn. The company also announced a fundraise of $130 Mn credit facility in April this year to purchase more servers and continue its global expansion.
Nasscom 10,000 Startups is an initiative by Nasscom to incubate, fund and support 10,000 startups over the next ten years. Last month, Nasscom partnered with Invest Ottawa for the launch of a startup exchange programme to connect entrepreneurs’ community, innovators, and investors to the emerging startups from India. It had also partnered with Facebook to focus on assisting the innovation ecosystem, helping product-based companies to build solutions in key sectors where technology can play a transformational role.
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