Press Releases

GHV takes the ‘Start Up India’ movement to Asia

January 20th, 2016

The frantic buzz in the startup space in the last couple of years has taken India by storm. The fact that the ecosystem has been more than responsive and supported this growth has further encouraged those smitten by the ‘startup bug’ to take the plunge. It’s almost as if the entire country, and even the world, has woken up to the potential that Indian startups have to offer in disrupting the status quo and the economy.

The government too has been more than forthcoming in supporting the startup revolution in the country and the recently launched ‘Start Up India’ campaign will further fuel this trend. But the responsibility of ensuring its success does not lie with the government alone.

In order to take the Start Up India movement a step further and put things into action, Green House Ventures (GHV) Accelerator is set to take star performing startups from India to the Asia Leader’s Summit (ASL) 2016 – a two day Startup Event in Bali, the island of Gods, and offer them a chance to gain valuable exposure and insights that can give them an edge in the highly competitive market scenario and carve a niche for themselves. GHV has curated the Startup India theme for the summit -India now: The world’s hottest market.

The event will take place in Bali from the 27th- 29th of Jan 2016. The objective of the summit is to build a robust, dynamic community of leaders, entrepreneurs and, investors from the Internet and mobile industries across Asia, and create a regional platform from which these leaders can change the world. The intention is to encourage Asian leaders to share knowledge, learn from one another other and collaborate to make the most of the fast growing Asian and other markets. The event is set to witness active participation from leading CEOs, entrepreneurs, and investors from the Internet and mobile industries from Japan and Asian countries.

Vikram Upadhyaya, Chief Mentor & Evangelist, GHV Accelerator said, “This year, Startup India has taken center stage. ASL 2016 is hosting an India-centric theme, where over 2 days, a 100 plus investors from Asia will be meeting the 10 promising startups from India (who are at early & growth stages). GHV Accelerator is proud to take #StartupIndia to Asia in such a short time.”

Rajat Tandon, VP-NASSCOM 10000 startups further added, “The vibrant and dynamic landscape of the Indian startup ecosystem has been given the much needed impetus with the ‘Startup India Standup India’ initiative by the government. We, at NASSCOM, intend to take this drive to Asia through Asia Leader’s Summit, showcasing some of the most promising and brightest Indian startups to Asian VCs.”

Matsumoto Masa, Co-Founder at World Innovation Lab (WiL) Fund, further added, “India is the logical destination for all smart investors and during the Asia Leaders Summit 2016, we look forward to interacting with the most promising startups from India, and eagerly await insights on the ‘Start up India’ movement from leaders like Rajat Tandon & Vikram Upadhyaya.”

The high performing startups (likely to be the next big unicorns) that are going to be part of this leadership summit are –

-Practo-healthcare growth stage startup,

-LazyLad Neighborhood commerce venture targeting to empower 20mn Sellers

-Crownit (cashback app)

-Fitmein (an online platform that provides access to multiple fitness studios) gearing up to make India Inc Healthy,

-Loginext logistics and supply chain analytics startup and

-Applop (on-demand app partner).

Gurgaon-based GHV Accelerator will be leading this startup convoy along with NASSCOM VP Rajat Tandon from India. The summit will provide these shortlisted startups an opportunity to network and gather experience from the ‘biggies’ of the Asian startup space. Through this move, GHV aims to take the government’s newly launched ‘Start Up India, Stand Up India’ campaign a step further and strengthen India’s positioning as a startup nation across global markets. The move is also in keeping with GHVs philosophy of serving as an ecosystem enabler in the startup space in the country, so the entrepreneurial wave picks up further momentum.

The shortlisted startups are selected on the basis of – their scalability; how will they impact the masses; their asset light model; fundability and the TEAM.

The leadership summit will witness a special panel discussion on ‘India Now: The World’s Hottest Market’, where prominent speakers from India’s startup scene will highlight how India has risen to become the hottest startup market in the world. The speakers include Rajat Tandon, Vice President, NASSCOM; Vikram Upadhyaya, Chief Mentor & Accelerator Evangelist, GHV Accelerator; Vikram Gupta, Founder and Managing Partner, IvyCap Ventures and Shradha Sharma, Founder and Chief Editor, YourStory. The discussion will be moderated by Takeshi Ebihara, Founding Partner, Rebright Partners.

Apart from this, the summit will witness discussions and insight-sharing by –

-successful Asian leaders who have made their mark in the startup space

-innovators from Japan and Korea, talking about what’s hot in their markets

-selected Internet companies from Southeast Asia explaining how they successfully scaled in a diverse and fast-growing region.

The insights shared at the summit will offer invaluable lessons to the selected startups to learn and grow their

-business and thrive, despite dynamic market conditions.

Japan’s largest seed stage VC firm – Incubate Fund – that has operations in Tokyo and Singapore, has organized the leadership summit. Having invested in over 150 startups in the past 5 years, and currently managing a USD 200 million fund, Incubate Fund is strongly backed by seasoned Chinese and Japanese investors. The summit has been co-organized by the Golden Gate Ventures, which is an early stage venture capital firm that invests in companies across Southeast Asia.

GHV, founded by serial entrepreneur and Indian Angel Network member Vikram Upadhyaya, has been instrumental in creating a mini ecosystem for startups from various domains by funding and mentoring the startups between the incubation and venture capital stages and helping them get VC funding. GHV is committed to accelerating the startup ecosystem in India. Taking Indian startups to Asian Investors is one such step towards its commitment in making the Start Up India initiative a success in letter and in spirit. GHV has an exclusive partnership with World Innovation Labs (WiL) a 400mn$ VC fund backed by the Japanese Government and Fortune 500 Corporates from Japan.

About GHV

GHV Accelerator, funds and mentors startups between the incubation and venture capital stages. It provides them access to a controlled environment, necessary resources and connections as well as sustainability funding (upto USD 100,000), so they can scale up and achieve healthy business metrics and gear up to get Series-A funding within a relatively short time frame of just 12 months. GHV mentors board has prominent Startup India leaders like Rajan Anandan (Google), Sharad Sharma (iSpirit), Rajat Tandon(NASSCOM), Rajiv Sodhi (Godaddy), Uday Sodhi (Sony), Mukul Singhal (SAIF Partners), Shailesh Vikram Singh (Seedfund) and many more.