More than 60K+ tech startups, 108 unicorns, 102 soonicorns, and over 300 incubators and accelerators providing mentorship, resources, and networking opportunities – the numbers show how India’s startup ecosystem has grown to become the world’s third-largest.

But not everything is perfect right now.

The frothy market of 2020 and 2021 resulted in a funding boom caused by the increasing reliance on technological innovations during the peak pandemic months. However, due to geopolitical tensions and a global economic downturn, a severe funding drought has occurred beginning in 2022. According to Inc42 data, Indian startups raised $25 billion in 2022, a 40% decrease from the previous year’s $42 billion.

Although financing has dried up significantly, and companies without adequate funding struggle to stay afloat, it does not indicate an overall slowdown in the startup space. Industry experts believe it is a sign of market maturity as we enter the age of cockroach startups (intent on less cost and more profit instead of rapid growth and excessive cash burn). Innovative startups with sustainable business models will achieve their full potential in spite of market corrections.

Bengaluru-based Turbostart, a sector-agnostic early-stage accelerator with offices in India, the Middle East and Africa, the United States, and Singapore, aims to assist early-stage startups with the potential for disruption and impact. Since its inception in 2019, the accelerator has assisted over 25 startups in gaining access to its network of expert mentors, entrepreneurs, and investors in search of innovation, funding, and industry connections.

The accelerator is currently accepting applications for its fourth cohort (Fund II, Cohort IV), which will include startups seeking Seed and Pre-Series A funding. It will invest up to $1 million in each of ten startups. Beyond investment, Turbostart aims to provide comprehensive support to the finalists through mentorship, assist them in determining market validation through brainstorming sessions and workshops, and provide collaborative teamwork and domain expertise.

He went on to say that Turbostart wants to help its portfolio companies scale and grow by providing guidance and mentorship.

Application Form Link :-

apply.turbostart.co

More than 60K+ tech startups, 108 unicorns, 102 soonicorns, and over 300 incubators and accelerators providing mentorship, resources, and networking opportunities – the numbers show how India’s startup ecosystem has grown to become the world’s third-largest.

But not everything is perfect right now.

The frothy market of 2020 and 2021 resulted in a funding boom caused by the increasing reliance on technological innovations during the peak pandemic months. However, due to geopolitical tensions and a global economic downturn, a severe funding drought has occurred beginning in 2022. According to Inc42 data, Indian startups raised $25 billion in 2022, a 40% decrease from the previous year’s $42 billion.

Although financing has dried up significantly, and companies without adequate funding struggle to stay afloat, it does not indicate an overall slowdown in the startup space. Industry experts believe it is a sign of market maturity as we enter the age of cockroach startups (intent on less cost and more profit instead of rapid growth and excessive cash burn). Innovative startups with sustainable business models will achieve their full potential in spite of market corrections.

Bengaluru-based Turbostart, a sector-agnostic early-stage accelerator with offices in India, the Middle East and Africa, the United States, and Singapore, aims to assist early-stage startups with the potential for disruption and impact. Since its inception in 2019, the accelerator has assisted over 25 startups in gaining access to its network of expert mentors, entrepreneurs, and investors in search of innovation, funding, and industry connections.

The accelerator is currently accepting applications for its fourth cohort (Fund II, Cohort IV), which will include startups seeking Seed and Pre-Series A funding. It will invest up to $1 million in each of ten startups. Beyond investment, Turbostart aims to provide comprehensive support to the finalists through mentorship, assist them in determining market validation through brainstorming sessions and workshops, and provide collaborative teamwork and domain expertise.

He went on to say that Turbostart wants to help its portfolio companies scale and grow by providing guidance and mentorship.

Application Form Link :-

apply.turbostart.co