Risers Accelerator to support startups with INR 10-50 lakhs of funding

Risers Accelerator to support startups with INR 10-50 lakhs of funding
Abhay Anand | Mar 13, 2019 - 5:57 p.m. IST
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NEW DELHI, MARCH 13: Risers Accelerator announced its official launch in the national capital to transform the game-changing ideas of startups into feasible and profitable businesses. Risers Accelerator is a well-integrated team of 35 young and successful entrepreneurs from diverse backgrounds and sectors; their cumulative experience is more than 700 years, and the total worth of their businesses is more than INR 3000 Crores.

In the financial year (2019-20), Risers Accelerator will shortlist 200 startups across the nation to support and nurture them. And, in case a startup is failed to raise funds by its own, Risers Accelerator will invest upto 50 lakhs per startup. To expedite this mission, Risers Accelerator has joined hands with Indraprastha Institute of Technology, Delhi (IIIT-D) to help its students become future entrepreneurs through financial assistance and knowledge support, and in turn, get institute’s technological assistance to harness a productive and lucrative culture of startups across the world.

The launch witnessed various industry leaders, budding entrepreneurs, influencers and eminent personalities such as Arokiaswamy Velumani of Thyrocare Technologies Ltd., Ramesh Menon of Future Group among others. The event turned out to be a great platform for well-renowned influential personalities from diverse backgrounds to interact and ignite conversations with top business leaders for mutual benefits and futuristic goals.

On the official launch of Risers Accelerator, Ajay Kapur, Director – Operations and Strategy Management at Risers Accelerator said “Startups need support, and many times, money alone can’t overcome every challenge. Along with it, knowledge support, human resource, technical assistance, market research and many other factors play an equally important role. Well, Risers is a startup accelerator, which aims to provide all kinds of resources and support to growing startups or those which have great growth potential but somehow fail due to any of the said factors.”

Throwing light on the plans and strategies, Rachit Chawla, Director – Finance & Technology at Risers Accelerator said, “For many years, multiple startups have failed despite their great potential, due to factors such as lack of technical assistance, finance or knowledge about the target market. And with Risers, we are taking a unique initiative to inspire and empower entrepreneurs with their pro-society ethics and ideologies. These startups need to stay empowered, motivated and assisted in achieving newer feats. Keeping this in view, we are in discussion with IIIT-Delhi for collaboration. We hope to connect startups with immense growth opportunities and thus give them wings to reach great heights in their entrepreneurial journey.”

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