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US based Peesh VC to grant Rs 30 lakh each to 25 startups with zero equity

Tags: Peesh Venture Capital, venture capital, accelerators, start-ups, angel investors, venture capitalists

May 07, 2015 | COMMENTS ( 0 )

US based Peesh VC to grant Rs 30 lakh each to 25 startups with zero equity

Peesh Venture Capital (PVC), a US-based venture capital firm focused on funding and nurturing entrepreneurs and disruptive technologies has announced the launch of its accelerators in Bangalore and Gurgaon.

The accelerators are accepting applications for 3rd quarter 2015 from disruptive start-ups focused on Ad Tech, E-Commerce, Gaming, Mobile Apps, Education, Enterprise Software, Wearables, and Internet of Things (IoT). Each company selected for the program will receive up to 30 Lakhs Rupees in funding without having to give up any equity.

The accelerator runs year-round providing legal services, finance and accounting, HR, product development, sales and marketing, and operational guidance amongst other resources, as needed. The accelerators were designed to assist entrepreneurs in securing additional funding by building businesses with healthy gross margins.

PVC provides access to the networks of mentors and leaders in its respective fields. The advisors include CEO’s, Founders, and Board Members of the most successful start-ups in India, angel investors and venture capitalists, field-leaders, and domain experts.

“Acceleration and mentorship should be about supporting entrepreneurs, not taking advantage of them because of their limited finances. PVC accelerators are designed to empower and support entrepreneurs in achieving their vision; that is why we decided not to take equity position in the companies that we select,” said, Peesh Chopra, MD, Peesh Venture Capital.
 

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