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December 14, 2011 01:00 am GMT

Entrepreneurs Debut $2.5M Accelerator To Invest In India-Focused Startups

iigA new startup accelerator called the India Internet Group (IIG) is debuting today as fund to invest in India-focused, early stage internet and mobile startups. The size of IIG is $2.5 million and with an average investment size of $50,000 to $250,000.IIG is the brainchild of a number of Indian-American entrepreneurs and technology execs including Nihal Mehta (LocalResponse), Vijay Chattha (VSCpr), Sunjay Guleria (Exclusively.In), Gautam Gandhi, Rajan Anandan, Anuradha Duggal. The fund itself will be managed by entreprneur Anirudh Suri.

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