Tech accelerator Zone Startups raises $28 Million



A venture fund and accelerator housed at BSE, Zone Startups has raised USD$28 Million and the company is planning to invest in 15-20 companies in next year with the help of this fund. The company offers seed funding to the technology companies to help them grow their businesses.

Zone Startups is a global network for founders, investors and corporate innovators, which help them, achieve their goal and also help them in their local and international growth. The director of Zone Startups, Ajay Ramasubramaniam said that the company will invest the raised amount over 2-3 years time spam. The company prefers business to business companies, as they are easy to scale up.

The company offers funding opportunities, mentorship, networking & branding opportunities, peer-to-peer mentoring, work space, market development & business development support and access to North America market. The average ticket size of each investment will be $45,000 – $75,000.

As of now, Zone Startups has invested in almost 63 startups and only 10 of them have failed. Zone Startups is located in the Bombay Stock Exchange tower, Mumbai. It is collaboration between BSE Institute, Digital Media Zone of Ryerson University, Ryerson Futures Inc and Simon Fraser University.

Ramasubramaniam said this about the difference between the fund of Zone Startups and some other technology accelerators, “Our programs in Toronto and India are focused on market validation and customer acquisition. We do not operate on a cohort basis and take a longer term view when developing companies – average term in our program is one year.”