Turbostart Launches Global Cohort Offers Up to $1 Million for Early-Stage Startups
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siliconindia | Thursday, 26 October 2023, 07:49 Hrs
Turbostart, a global startup accelerator and fund that primarily supports technology-driven ventures, has announced the launch of its global cohort. The program is open to early-stage startups worldwide, and it provides an opportunity to secure funding of up to $1 million. Turbostart operates in key regions, including India, the USA, MEA, and Singapore, and it is sector-agnostic. The initiative not only offers financial support but also facilitates access to international markets and business acceleration services for the selected startups.
Turbostart differentiates itself from traditional accelerators and funds by providing customized and long-term support that aligns with the unique requirements of each startup. As a dedicated partner to its investee startups, Turbostart leverages its extensive network and diverse talents to help accelerate their journeys. This collaborative approach empowers startups to quickly validate their concepts, expand their operations, and benefit from strategic interventions, fostering rapid and sustainable growth.
Turbostart has successfully completed four rounds of funding over the past four years, raising a total of $50 million. From an impressive pool of over 6,000 applications representing 30+ countries and 15+ sectors, they have carefully chosen around 40 startups to work with. These startups are operating in various sectors including edtech, health tech, fintech, e-commerce, AI and ML, and renewables. The Founder and CEO of Turbostart, Ganesh Raju, is a firm believer that innovation knows no boundaries and that great businesses can emerge from anywhere in the world. Turbostart is committed to creating a diverse and inclusive entrepreneurial ecosystem that encourages promising startups to flourish. By providing essential resources, mentorship, guidance, and access to global markets, Turbostart aims to support visionary entrepreneurs from any part of the world in scaling their businesses effectively.
Turbostart has a tough selection process where startups from various global regions are invited to apply. The team carefully curates the top applications, and multiple evaluation rounds are conducted by the internal investment committee, followed by a final round with the global investment committee. After this process, comprehensive due diligence is carried out, which includes audits and analyses, ultimately leading to successful deals. Turbostart is committed to supporting startup growth and has a comprehensive ecosystem of seasoned investors, advisors, and six Centers of Excellence (COEs). Domain experts lead these COEs, which focus on key areas where startups require strategic and execution support.

