Feb 15: PedalStart, a dynamic startup accelerator headquartered in Gurugram, has recently declared the launch of its Series-2 fund, securing a substantial investment of $250,000. The fund is geared towards nurturing and supporting early-stage startups poised for growth and innovation.
Founded in 2021 by Manas Pal and Aditya Darolia, PedalStart distinguishes itself through its community-centric approach, offering a platform where budding entrepreneurs can engage with industry experts, refine their concepts, and hone their skills. Complementing this platform is an accelerator program designed to further propel the growth of promising startups.
The Series-2 fund, according to PedalStart, will be strategically allocated to 5-7 select startups that have demonstrated significant progress and execution capabilities over the preceding three to six months. The selection process will be meticulous, focusing on the performance and potential of startups within fund’s accelerator portfolio.
PedalStart Community boasts 10,000 startups
Entrepreneurs aspiring to tap into the Series-2 fund are encouraged to participate in the firm’s vetting procedure, which underscores the importance of execution and tangible results. Detailed information regarding the application process can be found on PedalStart’s official website.
With a burgeoning community boasting 10,000 startups, over 300 mentors, and 800 founders, the fund prides itself on being sector-agnostic. While it has already made strides in agritech, insuretech, cleantech, and healthcare networks, the accelerator is now eyeing investments in burgeoning sectors such as robotics, medical science, and deep-tech.
PedalStart’s investment portfolio already includes noteworthy startups like Newtral.io, BetterSpace, Bull Agritech, OhLocal, and Rupid, among others. Through its Series-2 fund, the accelerator aims to further bolster the success stories of emerging ventures while fostering a culture of innovation and collaboration within the startup ecosystem.
