Entrepreneurs Debut $2.5M Accelerator To Invest In India-Focused Startups

A new startup accelerator called the India Internet Group(IIG) is debuting today as fund to invest in India-focused, early stage internet and mobile startups. The size of IIG is $2.5 million and with an average investment size of $50,000 to $250,000.

IIG is the brainchild of a number of Indian-American entrepreneurs and technology execs including Nihal Mehta (LocalResponse), Vijay Chattha (VSCpr), Sunjay Guleria (Exclusively.In), Gautam Gandhi, Rajan Anandan, Anuradha Duggal. The fund itself will be managed by entreprneur Anirudh Suri.

The accelerator is also launching a business plan competition targeted at entrepreneurs living, working or studying in the U.S. who are creating India-focused Internet or mobile technology businesses. Already, IIG and its partners have previously invested in several India-based startups (i.e., Exclusively.in, Ignighter, and The Wild East Group). IIG will provide the selected entrepreneurs or teams initial seed funding of up to $150,000, office space, and legal advisors.

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