Group of 35 Entrepreneurs Launch ‘Risers Accelerator’; To Incubate 200 Startups This Year
Risers Accelerator?s team comes from various sectors ranging from finance to apparels. The Accelerator programme will be accepting applications throughout the year on a rolling basis. Delhi-based accelerator has plans to invest in 200 startups over a year?s span.;
- A group of 35 entrepreneurs hailing from a diverse range of industries that include financial services, fast-moving consumer goods (FMCG), apparels, travel, furnishing and more have come together to launch an early stage startup accelerator — Risers.
- The ticket size of the seed capital will be between INR 10 Lakh ($14.387) to INR 50 Lakh ($71.935) for each shortlisted startup.
- Commenting on the programme’s industry focus, Director of Risers Accelerator, Rachit Chawla told Inc42, “What we are focusing on are the entrepreneurs and not the industry.
- For us, entrepreneurs have to be aspiring and should have a globally scalable product.