GSF Opens Applications for ‘FinTech Accelerator 2018’ with Bid to Invest up to $200k

The accelerator program is focused on disrupting the financial industry in India; GSF will invest up to $200k in the startups

If you think that you are “the crazy ones, the misfits, the rebels, the troublemakers, the round pegs in the square holes... the ones who see things differently”, GSF is looking for you.

GSF India’s foremost tech accelerator is inviting applications for a special batch focused on fintech, and is looking for startups who think they can disrupt the financial industry in India. The startups should typically have a founding team of 2-3 members and MVP with customers (either in pilot or paying).

GSF Accelerator will invest between $100,000 and $200,000 for up to 15 per cent equity of startups inducted into the FinTech Accelerator program. GSF also does follow-on rounds of up to $500,000 in a few select startups after the program.

The GSF investment team for the 2018 batch includes: Rajesh Sawhney, Hiro Mashita (M&S Partners), Murugavel Janakiraman (founder of Bharat Matrimony), Sumesh Menon (founder of U2opia Mobile and Woo), Dinesh Agarwal (founder of Indiamart), Ashish Toshniwal (founder of Y Media Labs, San Francisco), Sri Pedu (Power House Ventures) and Boris Ryabov (Bright Capital)

GSF Fintech 2018 will kick off from Gurgaon. The four-month program will start in July and conclude in August 2018. The program hopes to mainly take place in Gurgaon, with a few weeks in Silicon Valley and Japan and a finale event, an India Roadshow.

A typical week at GSF consists of three key elements: Mentor Hours: One day is dedicated to mentoring when a start-up meets 3-5 highly accomplished mentors in one-on-one setting; Workshops: Every week will feature up to 2 workshops; Visits: Every week startups visit 2 to 3 organizations and interact with the founders and management team.

Following on its tradition of Founders for Founders, GSF Fintech 2018 will comprise a founder panel who will not only invest in the startups but also closely mentor them. The founder panel includes: Rajesh Sawhney, Founder of GSF and Cofounder Innerchef; Sumesh Menon, U2opia; Ashish Toshniwal, Y Media Labs; Murugavel Janakiraman, Bharat Matrimony; Dinesh Agarwal, Indiamart; and Roshan Abbas, Encompass

Started in 2012, GSF network has three components: an accelerator, an angel network, and tech conferences. GSF is one of India’s leading startup accelerator program, over 50 startups accelerated in Delhi, Mumbai, and Bangalore. Among these, 10 startups have exited, about 40 percent have raised venture rounds, and over 80 percent have gone on to raise angel funding.

GSF has investors such as M&S Partners; Powerhouse Ventures; and Boris Ryabov of Bright Capital backing its initiatives

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