Green House Ventures ropes in Nasscom as partner, Google's Rajan Anandan as Mentor (Economic Times)

Gurgaon-based Green House Ventures Accelerator has brought on board Indian software industry association Nasscom as a collaborative partner and roped in Google's Rajan Anandan as a mentor to boost its year-long acceleration programme.

Through Nasscom's 10,000 Startups Program, GHV will get access to a pool of startups. "Our partnership with GHV will accelerate startups with a comprehensive array of market research services, go-to-market assistance, funding support and educational/networking opportunities, which is utmost important in post incubation and early stage companies," said Rajat Tandon, senior director, Nasscom, 10,000 startups.

"This also gives our startups the opportunity to have a global footprint." Under the tie-up, GHV will participate in the startup selection process organised by Nasscom and review applications for selecting entrepreneurs into its acceleration programme. Google India managing director Anandan, who joins as an angel investor, said, "I'm excited by what they're doing with startup ecosystem in India."

Rajan will not just mentor the accelerator startups but also offer insight on the Indian entrepreneur ecosystem. Vikram Upadhyaya, chief mentor at GHV, said, "We will also leverage on Nasscom's network of domain experts, mentors, validation of products and functions, and access to industry formation. Once a startup finishes acceleration, we will leverage on Nasscom's network for Series A investors, other than World innovation Labs."

In October last year, GHV inked a partnership with Japan-based venture capital fund WiL, which invests in disruptive startups with global appeal. WiL helps startups bridge the gap between their home markets and US markets and this partnership marks its entry into the Indian startup arena.

GHV's model of acceleration is designed to help companies ramp up growth, focus on scale, shorten time to get VC funding, and attract higher valuation. The sector-agnostic accelerator will house 10 startups at a time through a year-long programme. Each startup will get seed funding of up to $100,000 in exchange for equity of up to 20%.

For More Details - http://www.ghvaccelerator.com/

Source : Economic Times. 

Read More

Green House Ventures Accelerator ties up with LetsVenture (Economic Times)

Gurgaon-based Green House Ventures (GHV) Accelerator has joined hands with deal discovery platform LetsVenture(LV) in a collaborative model to create easier access to capital for seed ventures.

"LetsVenture has access to good quality startups. With this partnership we will get access to good curated startups, and it reduces our time frame for evaluation since one level of curation will be done," said Anurag Kapoor, executive director and co-founder, GHV.

For startups listed on LetsVenture, this partnership gives them access to high value mentoring and increases chances of funding.

Vikram Upadhyaya, Chief Mentor at GHV, said: "We are going to look at all the startups in LetsVenture, who have the potential to grow 10x."

Founded in 2013, LetsVenture is an online platform that connects startups with investors to facilitate early stage funding and currently has over 2,200 startups and 760 investors from 19 countries registered on it.

GHV's selection criteria for startups will focus on - team, execution, capability, scalability, technology, and proof of concept.

"The idea is to partner with a lot of players in the ecosystem who can help these startups go to the next level. We're also helping GHV curate some of these startup companies," said Shanti Mohan, founder and CEO, LetsVenture. Once they have completed the acceleration program, GHV will bring them back to the platform for early funding.

GHV's program houses 10 startups at a time through a one-year long program. Each startup can get seed funded with up to $100,000 in exchange for equity to the tune of 20% at a maximum.

"We will only see actual results in a year, to know how effective the partnership actually is," said Mohan.Shonali.

For More Details - http://www.ghvaccelerator.com/

Source : Economic Times. 

Read More

Green House Ventures Accelerator partners with Japanese VC fund World Innovation Lab (Economic Times)

Delhi-based Green House Ventures (GHV) Accelerator, which launched operations earlier this month, has inked a partnership with (WiL), a Japan-based venture capital fund that invests in disruptive startups with global appeal. WiL helps startups bridge the gap between their home markets and US markets and this partnership marks its entry into the Indian startup ecosystem.

WiL is founded by serial technology and internet entrepreneur Gen Isayama and ex-chief incubation officer of Yahoo, Masataka Matsumoto, who will both come on board as mentors to startups housed at GHV, committing five days a month of their time together. "India today looks like what China was 10 years back and growth here will be much stronger in the next few years. We would like to fund a couple of companies from GHV if there is a strong connection to Silicon Valley or Japan. If we see benefits of cross-border mentorship and regular dialogue, the next step will be to set up a fund or facility which we can jointly run to continue our relationship," said Isayama, co-founder and CEO, WiL.

Additionally, through this partnership, WiL will be supporting growth and expansion of GHV startups in global markets, targeting Japan and the US, to help them increasing client reach, visibility and building a strong product. Post-acceleration, WiL will look closely at GHV startups to fund them as Series A investors. WiL typically invests $5-30 million in early as well as growth-stage technology and internet startups through multiple rounds of investments and will follow the same investment thesis for GHV startups.

It, however, doesn't have a pre-defined corpus set aside for GHV startups nor will it take a stake or a board seat in any startup during the programme at this point. Also, WiL will bring in their network of companies in the US and Japan to help these companies expand globally.

Alongside, it will work as on-the-ground partners with GHV for demo day, when startups pitch to investors, which will be held in Japan and Singapore. "The partnership brings an entire ecosystem in place, mentoring support, global expertise and a Series A funding opportunity for our startups. I see these three things as strong value of the partnership," said Vikram Upadhyaya, chief mentor at GHV.

"Our partnership is strategic in nature and vision is to develop a long-term engagement. If successful, we would like to take it global," said Anurag Kapoor, executive director and co-founder, GHV.

For More Details - http://www.ghvaccelerator.com/

Source : Economic Times. 

Read More