Bangalore:  In spite of having a number of domestic choices, many Indian tech startups prefer foreign accelerators for mentoring and access to capital, reports TOI.

These startups which deal with businesses ranging from personal healthcare services to specialized networking platforms are joining Singapore and U.S.-based accelerators that are known to offer guaranteed funding and links to global customers.

Recently ET  had reported that 500 Startups, YCombinator, JFDI.Asia and Startup-Chile are the foreign accelerators that are preferred by majority Indian startups. The reason is that startups get to meet global firms and get mentored from leading investors, besides just receiving seed money.

While Tushky, PriceBaba are chosen by 500 Startups, MyFitnessWallet and AskAbt have been picked by Singapore based JFDI Asia as their present batches.

Kranti Agrawal, the cofounder of a Mumbai based online service called Tushky Events & Entertainment says, “Sitting in Mumbai, you can only think about going global, not feeling it happening.”