Bharat Chauhan New Delhi , Risers Accelerator announced its official launch at The Oberoi, Dr
ZakirHussainMarg (New Delhi).The company’s official launch was followed by the launch of its
website, i.e.www.risersaccelerator.com. Risers Accelerator is a platform to transform the game-
changing ideas of startups into feasible and profitable businesses. Risers Accelerator is a well-
integrated team of 35 young and successful entrepreneurs from diverse backgrounds and sectors;
their cumulative experience is more than 700 years, and the total worth of their businesses is
more than INR 3000 Crores. Risers Accelerator is aimed to provide adequate financial,
infrastructural, and knowledge support to all the potential startups, and by 2025, it is determined
to add INR 3,00,000Croresin the country’s GDP.
In the financial year (2019-20), Risers Accelerator willshortlist 200 startups across the nation to
support and nurture them. And, in case a startup is failed to raise funds by its own, Risers
Accelerator will invest upto 50 lakhs per startup. To expedite this mission, Risers Accelerator
has joined hands with Indraprastha Institute of Technology, Delhi (IIIT-D) to help its students
become future entrepreneurs through financial assistance and knowledge support, and in turn, get
institute’s technological assistance to harness a productive and lucrative culture of startups across
the world.
The launch witnessed various industry leaders, budding entrepreneurs, influencers and eminent
personalities such asArokiaswamyVelumani of Thyrocare Technologies Ltd., Ramesh
Menon of Future Group among others. The event turned out to be a great platform for well-
renowned influential personalities from diverse backgrounds to interact and ignite conversations
with top business leaders for mutual benefits and futuristic goals.
On the official launch of Risers Accelerator,Mr. Ajay Kapur, Director – Operations and
Strategy Management at Risers Accelerator said“Startups need support, and many times,
money alone can’t overcome every challenge. Along with it, knowledge support, human
resource, technical assistance, market research and many other factors play an equally
important role. Well, Risers is a startup accelerator, which aims to provide all kinds of resources
and support to growing startups or those which have great growth potential but somehow fail
due to any of the said factors.”
Throwing light on the plans and strategies, Mr. RachitChawla, Director – Finance &
Technology at Risers Acceleratorsaid,“For many years, multiple startups have failed despite
their great potential, due to factors such as lack of technical assistance, finance or knowledge
about the target market. And with Risers, we are taking a unique initiative to inspire and
empower entrepreneurs with their pro-society ethics and ideologies. These startups need to stay
empowered, motivated and assisted in achieving newer feats. Keeping this in view, we arein
discussion withIndraprastha Institute of Information Technology Delhi (IIIT-Delhi) for
collaboration. We hope to connect startups with immense growth opportunities and thus give
them wings to reach great heights in their entrepreneurial journey.”
Speaking on the similar noteMr. PravinKhandelwal, Director – Leadership & Motivationat
Risers Accelerator added,‘RisersAccelerator will help to develop a pivotal start-up community
in the country, and will work for greater goal to bolster startups in line with Make in India,
Startup India, and Digital India.’
Alok Nikhil Jha, Chief Operating Officer of ‘IIITD Innovation & Incubation Center’ of
IIIT Delhi also expressed his views regarding significant role of accelerator towards supporting
the startups and possible ways of association. He said, “IIITD Innovation & Incubation Center,
is one of the most prestigious technology based incubator in the country which fosters the culture
of Entrepreneurship and provides an ideal platform providing opportunities to scientists,
engineers, professionals and students to convert their innovations, ideas and plans into
sustainable businesses ventures. The Accelerator plays a tremendous role in overall ecosystem
by closely involving Incubators and supporting startup ventures.” He further said “With the
strong enthusiastic team of Risers Accelerator and a common mission, we feel there are several
ways we can contribute the community together and set up a bench mark in the Country in the
ecosystem of Innovation & Entrepreneurship”.
