Indian Startup ecosystem Continues to be 3rd largest in the world behind the U.S.A and U.K. Top Seed accelerators are looking for investment in early-stage startups in India. Silicon Valley-based accelerator program Y combinator has shortlisted 28 startups from India for its upcoming winter batch.
Y Combinator is one of the top Seed Accelerators in the US founded in 2005 by Paul Graham, Jessica Livingston, Trevor Blackwell, and Robert Tappan Morris.YC is the first company to use the word “Accelerator” in the
Startup Ecosystem. Other seed accelerator programs developed crosswise in the US, including Techstars, 500 Startups, and MassChallenge.
Y Combinator is primarily a three-month-long accelerator program. Selecting more than two Startups through an interview per year. Each startup receives seed money, guidance, and connections in exchange for 7% equity of the company. The Founders also chance to meet the silicon valley entrepreneurs, venture capitalists, etc speak to the founders.
YC provides seed funding around 2000 startups till its launch, including Stripe, Airbnb, and Dropbox.Y Combinator has doubled the number of startups from India for its winter batch to about 28 from 14 from summer batch. Indian firms in its portfolio include Razorpay, ClearTax, and Meesho, which were part of 2015,2016 summer batches.
Earlier YC picked only less number of startups in India. The rapid growth of Indian Startups in the world is gradually changing their minds to pick more startups for the accelerated program. Earlier startups would have to go to the US to pitch their Ideas If they selected, but from 2017 onwards YC executives come to India to conduct the interview. Recently YC has ended an accelerator program in China. With these changes, Indian has witnessed a hike from 7% startups to 15%.