50K Ventures, the Hyderabad-based early-stage venture fund will be launching their accelerator program on Saturday. The first batch for the accelerator program will start this month. Experts say that this is India’s first go-to-market accelerator. 50K Accelerator will admit three startups per batch and the accelerator program will be for a duration of four month.
Sanjay Enishetty, managing partner of 50K Ventures, said in a statement:
“It often takes teams a long time to go from product to an actual market launch. Focused on marketing and growth hacking, our program is aimed at helping high potential startups having a minimum viable product to generate sales, market traction, revenue opportunities and scale to multiple cities,”
This accelerator program will be focussed on go-to market strategy and execution, business development and enterprise customer engagement. All early-stage startups that either have a minimum viable product or some amount of business traction would be able to apply for this program. Every single batch will follow a broad umbrella theme and the theme that has been decided for the first batch of this accelerator program is ‘Digital India’. This batch will include startups from financial or information technology domain. The second batch will most likely have a theme for product startups.
50K Ventures, founded in 2014 by Sanjay Enishetty and Vineel Nalla, is a platform for tech startups at the earliest stage of their life-cycles. It provides access to seed funds, connections with dedicated mentors and launches into different markets. The venture has claims that any investment they make is in an average bracket of Rs 25 lakh to Rs 1 Cr.