New Delhi [India], January 10 (ANI/PNN): NewsReach, an Ahmedabad-based digital media tech startup has achieved a major milestone in their journey as they were selected amongst the top 15 winners of Startup Stairs initiative ‘Growth Acceleration Program with 4i’. As part of this initiative, (https://newsreach.in) NewsReach was awarded seed funding of 1 crore. NewsReach enables content creation, licensing & distribution. It has also founded India’s first local news community, which is empowering vernacular hyper-local publications.
(https://startupstairs.in/” rel=”noopener” target=”_blank”>Startup Stairs is an accelerator that empowers promising startups, MSMEs and aspiring entrepreneurs by providing them mentoring services to accelerate their growth. The start-up recently announced the winners of its ‘Growth Acceleration Program with 4i’, under the aegis of National Skill Development Corporation (NSDC) supported by Startup India. An esteemed jury selected 15 leading-edge companies who have each been awarded seed funding ranging from Rs 25 lakhs to 5 crores.
India’s startup sector is increasingly attractive to domestic and international investors, fueled by the Government’s initiatives. Growth accelerators and incubators have proven invaluable as catalysts for growth, helping startups achieve scale swiftly through expert advice and extensive networks. As reported by Nasscom & Zinnov, these startups have seen tremendous growth over a 6-year period – ballooning from 7,000 in 2014 to 50,000 as of 2020. From technology, media and e-commerce through healthcare to finance; entrepreneurs are paving their way into India’s future success thanks largely due to increasing accessibility of venture capital amongst other incentives. Programs such as Startup Stairs are valuable resources that arm entrepreneurs…