GSF Accelerator today announced that it will fund $200K each in 5 tech start-ups after a selection that will start on November 30.
This is the highest amount of funding that any accelerator provides to the start-ups anywhere in the world.
GSF will also further invest $1 million as co-investments in seed/series A rounds, at the end of the program.
Tech start-ups can apply here by November 30. Applications close on Nov 30 and the program will commence in December of 2017.
GSF Accelerator is looking for innovative tech startups using frontier technologies like ML&AI, block-chain, sharing economy, etc. to solve significant problems in the areas of healthcare, fin-tech, ed-tech, media-tech, B2B SaaS and analytics, etc.
GSF Accelerator program offers access to GSF’s global community of over 300 mentors and startup founders. Selected startups will spend the first three months in Bangalore to refine their products, followed by trips to San Francisco, Tokyo and China.
“GSF 6 is designed as a life transformational experience for the 5 selected startups with program spanning Bangalore, SF, Tokyo and China. Each startup will be assigned a chief mentor from amongst the 6 founders that have come together this time,” said Rajesh Sawhney, founder of GSF Accelerator and co-founder of InnerChef.
GSF’s portfolio companies: Little Eye Labs (acquired by Facebook in 2014) Pokkt (funded by Jafco, Singtel, Jungle) SilverPush (funded by IDG ventures, 500 startups) Zapr (funded by Hotstar, Flipkart and Svaan) HackerEarth (funded by Dice, Beenext, Prime Venture) Flintobox (funded by Lightboxm Aecal, Globevestor), Timesaverz (funded by Unilazer Ventures and others) Dailyrounds (Funded by Accel), DocsApp (funded by Bessemer, Rebright and others), Whatfix (funded by hellion, Stellaris, and others) and Quiziz (funded by Nexus and Prime VP).
Started in 2012, GSF has incubated and accelerated 45 startups in Delhi, Mumbai, and Bangalore. Among these, GSF has exited from 8 startups have, 50 percent succeeded in raising VC led rounds, and over 90 percent succeeded in raising seed rounds.
The GSF 6.0 investment team includes: Rajesh Sawhney, Hiro Mashita (Founder of M&S Partners, Singapore), Anand Chandrasekaran (driving Facebook Messenger Platform, ex-CPO of Snapdeal), Sumesh Menon (founder of Utopia Mobile ), Dinesh Agarwal (founder of Indiamart), Ashish Toshniwal (founder of Y Media Labs, San Francisco), Sri Peddu (founder of Powerhouse Ventures), Murugavel Janakiraman (founder and CEO Matrimony.com) and Boris Ryabov (Bright Capital).
