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India Accelerator to invest $150K in 6 startups

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Gurgaon-based mentorship-driven incubator India Accelerator will make seed investment worth around $150,000 in six startups that operate across sectors such as fin-tech, artificial intelligence, transport and e-commerce. Each of the startups, which are selected from a list of close to 150 early-stage firms, will receive $20,000 to $25,000, India Accelerator said in a statement. "While many players in the industry provide funding as the primary offering, we would like to create a more meaningful difference. Post the seed funding, India Accelerator will handhold these startups through the intensive three-month mentorship-driven programme, said Mona Singh, chief acceleration officer of India Accelerator. Founded by Ashish Bhatia and Abhay Chawla, earlier this year, India Accelerator is a member of Global Accelerator Network, a consortium of more than 85 accelerators around the globe. Voko: It is an online rental platform that provides a convenient and affordable way to get consumer goods on rent.