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TechStars US Based Accelerator To Launch In India

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TechStars, a US based startup accelerator is set to make their India debut in Bengaluru this year. Minister of IT, BT and Tourism of Karnataka, Priyank Kharge welcomed the company saying the Karnataka government is focused on building a bolder and structured ecosystem and the collaboration with TechStars is exactly what the government required.

TechStars will forge a joint venture with Bengaluru based ANSR Consulting as a part of their India launch and will be hiring a country manager to lead the Indian operations. Through this joint venture, Terchstars plans to open their first center in Bengaluru next year and open centers across multiple locations in India in a few years. ANSR, backed by Accel Partners and Infosys, helps large Fortune 500 companies like Limited Brands and Target set up their technology centers in India.

TechStars, which was founded in 2006 by David Cohen and David Brown, operates in several cities globally including in New York City, London and Paris. The US based accelerator, which has accepted over 1,000 companies into its programs so far, has collectively raised over $ 3.8 billion with a market cap of over $ 9.9 billion. The company counts remote computing platform DigitalOcean and other startup successes among its graduates.

Cofounder David Brown said they have been watching India’s emergence as the third largest global startup ecosystem very closely. He also added the potential for growth in India is huge, as one of the fastest growing economies in the world.

Speaking about the type of programs they were likely to run in India, Brown added, “Globally, we have integrated startup programs, startup accelerators, along with investing, which is one part of our story— it’s likely that we’ll have similar types of programs here in India.

The accelerator runs a three month program where they typically invest $ 120,000 along with a $100,000 convertible note upon acceptance for a 6% stock in the USA. They also operate platforms such as TechStars Startup Programs, TechStars Mentorship Driven Accelerator Program and TechStars Corporate Innovation Partnerships.

ANSR, which establishes, operates and optimizes global in house centers to provide solutions to enterprises, operates startup led innovation programs for its corporate partners, including Target, L-Brands, Lowes and Swiss Re. ANSR’s Kyron program and Microsoft’s India accelerator program are some of the other startup incubators working in India.

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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