At the fag end of an earlier post, Pi had said that 500 startups, the seed accelerator founded in 2010 by super angel Dave McClure is coming to India. Its official now.
In a blogpost, 500 startups said that two people- Shai Goldman and Pankaj Jain have joined the accelerator to focus on New York City and India respectively.
And we’ve had a torrid love affair with Hindustan since visiting the country on our GeeksOnaPlane India trip last fall, hiring Paul Singh last summer, and making investments in several Indian startups.
Presently, 500 startups has invested in over 10 Indian companies including Telliport.me, MyGola and CucumberTown. The accelerator had recenty announced its partnership with Rajesh Sawhney’s GSF India Accelerator. 500 startups has already invested in nearly 400 companies and has presence in Brazil, Japan, and Mexico and now in India and New York City.
Before joining the accelerator, Pankaj Jain, was consulting for the TLabs accelerator in the New Delhi where he was focused on deal sourcing and running the accelerator. In his new job, Pankaj will be focusing on investing in Indian startups, investor relations and community building in India.
Watch this 2011 video with Dace McClure