IA is powered by GAN that spans over 100 top accelerators across the world.
Ashish Bhatia, Founder of India Accelerator said in a statement, “Our expansion is the testament to our deliberate efforts and strategic alliances that have helped us make an impact in the global startup community. With this announcement, we look forward to securing a globally dominant position and being at the forefront of the world’s top economic cities.”
As part of the global expansion spree, IA has set up a 3200 sq ft facility in Dubai to incubate startups specializing in healthtech, AI, fintech, agritech, cybertech, D2C, deeptech, and many among others. It will provide mentorship and networking opportunities and will inject USD 15-20 Mn in fundraising rounds. Additionally, it intends to bring around 20+ of its existing startups from these verticals into Dubai in the next 12 to 18 months.
“Dubai is our first foray beyond India and we are excited to have retained the position of being the first and only accelerator from India in the Emirates. Through our state-of-the-art facility, we look forward to nurturing young entrepreneurial minds and strengthening the India-UAE trade corridor,” he added.
IA has more than 200 startups in its portfolio and invests about 100K to a million dollars in each startup as per the seed round. The accelerator’s total investments made last year stands close to USD 15Mn-18Mn and is aiming to incubate about 100 startups annually. Besides this, it also plans to expand its footprints to Mauritius and Saudi Arabia in the near future.
