Gurgaon-Based India Accelerator Begins Gujarat Operations

Gurgaon-based India Accelerator, a seed accelerator, has launched its operations in Gujarat. Demonstrating a strong belief in the potential of startups in tier-2 cities, the accelerator is poised to make a substantial impact in the start-up landscape.

In a dedicated effort to elevate the start-up experience in Ahmedabad, IA has introduced a new co-working space sprawling across 1500 sq. ft., accommodating up to 200 seats. This initiative not only underscores IA's commitment but also augments the entrepreneurial landscape, fostering innovation and collaboration. 

With the commencement of operations in Ahmedabad, IA's move signifies a robust bet on the potential within tier 2 cities and Gujarat's compelling attributes. To further enhance the working experience for start-ups in Ahmedabad, IA has launched a new co-working space over a sprawling area of 1500 sq. ft. with a seating capacity of 200 seats. 

"Our current expansion marks the second phase of our journey, where we're not only broadening our geographic presence but also deepening our engagement within local start-up ecosystems," articulated Ashish Bhatia, founder of India Accelerator.  

India Accelerator invests across a diverse array of sectors including health, Fintech, Agritech, Social Impact, Deep tech, and AI, aiming to empower 100+ start-ups in Gujarat by 2025. With a track record of backing over 200 ventures leveraging cutting-edge technologies, IA has propelled entrepreneurs with innovative concepts while raising three venture capital funds totaling 350+ crores in six years. India Accelerator's forthcoming GIFT City Fund, amounting to 150 crore, is poised to further catalyze the ecosystem. 

Notably, IA extends its network to international regions like Dubai, Silicon Valley, and Sri Lanka, enabling Gujarat start-ups to tap into global opportunities through strategic partnerships. IA's trajectory is marked by exponential growth, transforming from backing 5 startups with an investment of 70 lacs in 2017 to its present robust portfolio of 200+ start-ups with a collective investment of 50 crore. The accelerator's visionary path projects an investment of 500 crore in 1000 start-ups by 2030. With an eye on the future, IA envisions creating a combined valuation of $5 billion for its start-ups by the end of 2025, globally, by expanding into Tier 2 cities and unlocking latent potential.