Finway Accelerator to invest Rs 100 crore in the Indian startup ecosystem by 2028; says, 'Our goal is to find…'

Finway Accelerator, a subsidiary of Finway, an RBI-registered NBFC, has announced its plan to invest Rs 100 crore in the next three years to foster the growth of India’s startup ecosystem.

With a focus on innovation-driven and scalable ventures, the accelerator aims to empower promising startups across diverse sectors that are in the seed, early, or growth stages and hold a valuation below Rs 100 crore.

Finway Accelerator has earlier made strategic investments in ventures like Sprout Studio, an animation and VFX company; Zeleno, a recycling startup focused on sustainability concerns; and Cosmetofood, an organic cosmetics brand, and Zebra Learn, a Shark Tank India-featured edtech startup.

Rachit Chawla, CEO and Founder of Finway Accelerator, said, “We at Finway Accelerator believe that India's next wave of economic growth is going to be driven by innovative startups that are scalable. Our Rs 100 crore investment plan involves much more than funding; it is about creating an enabling ecosystem whereby founders are empowered to translate their ideas into impactful businesses.”

Anand Singh, Co-founder of Finway Accelerator, said, “Our goal is to find and support early-stage entrepreneurs who are making significant contributions to society and the environment in addition to developing successful businesses. We hope to advance concepts that balance innovation and responsibility through this Rs 100 crore project, assisting India's startup ecosystem in developing inclusively and sustainably.”

“At Finway Accelerator, we believe that a vision for scalability, strategic capital allocation, and effective mentoring are the keys to long-term success in the startup market. This investment strategy represents our dedication to supporting entrepreneurs with potential and purpose, assisting them in developing from concepts to organizations that will shape India's entrepreneurial future,” said Akshay Kapoor, Co-founder of Finway Accelerator.