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Incubator/Accelerator
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Management & Strategy Consulting
indiaaccelerator.co

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Investments

53

Portfolio Exits

1

About India Accelerator

India Accelerator runs mentorship-driven incubation and acceleration programs for startups in mobile technology, finance, gaming, e-commerce, and mobility.

India Accelerator Headquarter Location

336, Udyog Vihar Phase IV, Gurgaon

Haryana, 122016,

India

+91 124 404 2811

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Latest India Accelerator News

Startup news and updates: daily roundup (June 20, 2022)

Jun 20, 2022

, Updated on:{{localeString}} {{timeZoneNameShort}} YourStory presents daily news roundups from the Indian startup ecosystem and beyond. Here's the roundup for Monday, June 20, 2022. 0 CLAPS Protean, PayNearby ink deal to offer paperless PAN services Protean eGov Tech, which was earlier known as NSDL e-Governance Infrastructure, said it has partnered with PayNearby, a digital payments and banking network, to offer PAN-related services via Aadhar and biometric, or SMS-based OTP authentication. The partnership is expected to help provide quick and easy access to services that require a PAN card without having to carry a physical document. "Once the online application form is submitted, a digital copy of the ePAN will be generated within a couple of hours while a physical copy will be delivered to the customers at their chosen address in four to five working days," the two companies said in a joint press release. Edtech unicorn PhysicsWallah opens first offline centre India's 101st unicorn Physics Wallah (PW) has launched its first completely offline coaching centre in Kota, it said on Monday. The centre is aimed at helping engineers and medical aspirants access an affordable learning environment. The student-teacher ratio of each class will be 125:1, the startup said, adding over 1,000 admissions have already been done. ALSO READ IppoPay appoints Atish Shelar as COO Fintech company IppoPay said it has appointed ex-HDFC merchant acquiring, payment gateway team executive Atish Shelar as its chief operating officer. "IppoPay is one of the fastest-growing offline and online payment businesses. The company has a strong and promising strategy set in for the next three years," Atish said in a press release announcing his appointment. Founded in 2020 by Mohan K and Jai Kumar, IppoPay is a payment aggregator that lets businesses collect and accept payments from customers. It mostly operates in semi-urban India, and powers digital payments for small businesses, SMEs, freelancers, and homepreneurs, in Tier II, III, and rural areas. IppoPay's USP is that it does not need any payment terminal, POS, or swiping machine. Merchants can generate QR codes using its mobile app. The founders have invested Rs 50 lakh of their own money into the startup, and its clients include milk vendors, newspaper boys, chit fund companies, and others. Gaming platform Bombay Play appoints Kunal Mordekar as COO Bombay Play said on Monday it has appointed Kunal Mordekar as its new chief operating officer, effective May 2022. Kunal has over 10+ years of experience in game design, programming, production, and project management. Founded in 2018 by Oliver Jones and Abhas Saroha, Bombay Play is a hyper-social gaming startup that facilitates in-game communication and link-based social gaming. Stay Updated India Accelerator expands into Sri Lanka Mentorship-driven accelerator India Accelerator on Monday said it has launched a chapter in Sri Lanka to strengthen the country's startup ecosystem. "The aim is to open all the services that sit within the India Accelerator multiverse. Startups can have a powerful positive impact on society at large—from creating jobs, providing purpose, creating wealth, to improving the GDP. Sri Lanka’s startup ecosystem is in its nascence and there is a lot of upside for everyone involved," said Ashish Bhatia, Founder and CEO of India Accelerator. The India Accelerator Network, to date, has helped over 3,200 companies receive over $4.8 billion in funding, and achieved 25X growth. Kuku FM's mobile app | Image Source: Kuku FM Kuku FM crosses a million active paying subscribers in India KukuFM, an audio content platform, said on Monday it has crossed one million active paying subscribers in India, becoming one of the country's top audio platforms. It added it hopes to hit 10 million active paying subscribers in the next year. Founded in 2018 by IIT alumni Lal Chan Bisu, Vinod Kumar Meena, and Vikas Goyal, Kuku claims it has seen 27X growth in one year. It has 30,000 creators on the platform and offers religious, entertainment, education, personal finance, spirituality, and history-related content in seven Indic languages. Edited by Kanishk Singh PayNearby Incepted in April 2016, PayNearby is a DPIIT-certified company and India’s leading branchless banking and digital payments network. Our mission is to make financial services available to everyone, everywhere. Zidd Aage Badhne Ki ↗️ Core Team

India Accelerator Investments

53 Investments

India Accelerator has made 53 investments. Their latest investment was in Mad Over Parathas & Pakodas as part of their Seed on March 3, 2022.

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India Accelerator Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/29/2022

Seed

Mad Over Parathas & Pakodas

Yes

1

3/10/2022

Pre-Seed

Dreams Redeveloped

Yes

2

1/27/2022

Pre-Seed

SustainKart

$0.5M

Yes

1

1/21/2022

Seed - II

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10

1/17/2022

Seed VC

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10

Date

3/29/2022

3/10/2022

1/27/2022

1/21/2022

1/17/2022

Round

Seed

Pre-Seed

Pre-Seed

Seed - II

Seed VC

Company

Mad Over Parathas & Pakodas

Dreams Redeveloped

SustainKart

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Amount

$0.5M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

1

10

10

India Accelerator Portfolio Exits

1 Portfolio Exit

India Accelerator has 1 portfolio exit. Their latest portfolio exit was Lawyered on August 31, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/31/2018

Acquired

Date

8/31/2018

Exit

Acquired

Companies

Valuation

Acquirer

Sources

India Accelerator Team

4 Team Members

India Accelerator has 4 team members, including current Managing Partner, Nelson Vasanth J.

Name

Work History

Title

Status

Mona S.

GrapeCity

Founder

Current

Nelson Vasanth J

Managing Partner

Current

Deepak Nagpal

Managing Partner

Current

Ashish Bhatia

Managing Director

Current

Name

Mona S.

Nelson Vasanth J

Deepak Nagpal

Ashish Bhatia

Work History

GrapeCity

Title

Founder

Managing Partner

Managing Partner

Managing Director

Status

Current

Current

Current

Current

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