GVFL, the pioneer of venture capital in India, has collaborated with Marwari Catalysts, a category-specific major startup accelerator, to launch the Xcelerate Program, a 3-month intensive initiative aimed at empowering startups in Gujarat and providing an exceptional launchpad to them. According to an official release by the company, the partnership will focus on nurturing and exponentially scaling seed-stage companies in the Health, Food, and Agri-tech sectors in the region.
The Program Offerings
The 3-month acceleration program will enable selected startups to receive guidance and mentorship from experienced founders and industry experts and a significant initial investment of INR 75 lakh to INR 2.50 crore. Additionally, the selected startups and entrepreneurs will also get an opportunity to connect with potential investors who can provide additional funding and support for them. Moreover, a supportive community of over 100-plus entrepreneurs and co-founders will provide a platform for collaboration, knowledge sharing, and peer-to-peer learning to the startups.
Collaborators Speak
“We are thrilled to introduce the Xcelerate Program in partnership with Marwari Catalysts. Gujarat is brimming with entrepreneurial talent and is home to one of the largest and most vibrant startup ecosystems in the country. The Xcelerate Program is designed to catalyse the growth of promising startups in important sectors. We believe that with our expert mentorship, substantial investment opportunities, and extensive network, we can empower these startups to drive innovation and economic development in Gujarat and beyond,” stated Kamal Bansal, Managing Director of GVFL, while expressing the excitement over this collaboration.
“By joining forces with GVFL, we are not only enhancing opportunities for startups but also collectively empowering the startup ecosystem in Gujarat. The Xcelerate Program represents a unique synergy of Marwari Catalysts’ passion for nurturing entrepreneurial talent and GVFL’s legacy of building successful businesses,” shared Sushil Sharma, Founder and CEO of MCats, in the release.
