Besides the investment of $120,000, the programme includes mentor madness sessions during which the startups connect with over 70 mentors from India and abroad. Among the mentors who chip in during the initial weeks include Priya Mohan of Venture Highway, Hari TN of Big Basket and Vir Kashyap who co-founded Babajobs.

This year, the entire programme is virtual and the Demo Day in early July is also slated to be a virtual event, according to the company. “While Techstars Bangalore alumni founders—Rephrase and Redwing—made it to the Forbes 30 under 30 for 2021, the 2019 acceleration batch alumni Nira Finance raised $3.1 million, Rephrase.ai raised a round of $1.5 million led by Lightspeed partners and the 2020 batch alumni Lancify raised an angel round of $300,000,” the company informed.

Founded in 2006 in Boulder, Colorado in the US, the American seed accelerator has accepted 2,439 companies into its programmes with a combined market capitalisation of $43.3 billion. These companies have received $14.1 billion of funding.