May 2020 \ Business & Investment \ BUSINESS AND GOVERNANCE
Techstars invests $1.2 million in 10 startups

Mentorship-driven Techstars Bangalore Accelerator in April ...

  • Mr Ray Newal

Mentorship-driven Techstars Bangalore Accelerator in April announced to invest $1.2 million in 10 innovating startups focused on efficiency and inclusivity, as it concluded its 2020 programme with a virtual Demo Day.

The startups which will receive $120,000 each are ChintaMoney, Fliqpay, Game Theory, FinKraft, Lancify, Lightwing, Odwen, Picxy, Q Blocks and Rose Bazaar, US-based Techstar said in a statement.

“This year, the Techstars Bangalore Accelerator brought together ambitious and enthusiastic founders, experienced mentors, investors and alumni for over 800 meetings, to fuel needed innovation and make powerful connections,” said Ray Newal, Managing Director, Techstars Bangalore Accelerator. While the majority of startup founders are of Indian origin—representing Bengaluru, Hyderabad, Mumbai and Delhi—one team travelled to Bengaluru from Lagos, Nigeria. The 10 teams met in Bengaluru for the first six weeks and then moved back to their home locations as the Covid-19 pandemic cast its net. Techstars quickly shifted the programme to a virtual format to continue supporting the startups.

Tags: Mr Ray Newal