With VCs like Sequoia and Nexus Ventures pouring money into India's startup scene, it was only a matter of time before those focused on early-stage funding would follow. Today, GSF India, in partnership with some 30 other investors including Dave McClure's 500 Startups, announced a new initiative called GSF Accelerator. Set to take off this October, GSF Accelerator will be mentoring and offering seed funding of reportedly up to $550,000 to 12 tech startups across Mumbai, Delhi and Bangalore, four in each city.Source: http://feedproxy.google.com/~r/Techcrunch/~3/VxxXBmqviRk/
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