BharatX, a startup accelerator, has announced a $15 million (approximately Rs. 122 crore) investment in the Indian startup ecosystem over the next 18 months.
During the first edition of the accelerator programme, BharatX, a joint venture between India Accelerator and the think tank Council for International Economic Understanding (CIEU), will invest 1-5 crore in each startup.
The swadeshi startup ecosystem in India has been developing, according to the statement, with the growth of emerging technologies, young talent, and infrastructure to support them. BharatX works as a growth enabler to support that ecosystem.
In addition, BharatX will facilitate access to leading corporations and a dialogue with policymakers.
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