Finway Accelerator, a subsidiary of Finway, an RBI-registered NBFC, has announced its ambitious plan to invest Rs. 100 crore in the next three (3) years by 2028 to foster the growth of India’s startup ecosystem. With a strong focus on innovation-driven and scalable ventures, the Accelerator aims to empower promising startups across diverse sectors that are in their seed, early, or growth stages and hold a valuation below Rs 100 crore.

Finway Accelerator has already created a strong presence in India's entrepreneurial ecosystem by making strategic investments in ventures like Sprout Studio, which is an animation and VFX company making top-notch children's content; Zeleno, a recycling startup focused on sustainability concerns; and Cosmetofood, an organic cosmetics brand. Besides, it provided funding to Zebra Learn, an education technology startup, which went on to feature in Shark Tank India and drew national attention.

Elaborating on the success record of Finway Accelerator, it reportedly reached a seven-fold increase in turnover in just one year of operations after it started with an initial investment of Rs 1 crore. The company currently has more than 20,000 customers and is disbursing loans of over Rs 200 crore per year through its financial arm, Finway.

This Rs 100 crore investment initiative aligns with the vision of the Government of India for strengthening the startup economy, promoting self-reliance, and generating employment. Finway Accelerator is committed to solving the main pain points of business by enabling entrepreneurs with capital support, mentorship, and growth opportunities toward long-term sustainability.

Rachit Chawla, CEO and Founder of Finway Accelerator, said: “We at Finway Accelerator believe that India's next wave of economic growth is going to be driven by innovative startups that are scalable. Our Rs 100 crore investment plan involves much more than funding; it is about creating an enabling ecosystem whereby founders are empowered to translate their ideas into impactful businesses. With this initiative, we aim to contribute toward India's vision for becoming a global startup hub while promoting financial inclusion through strategic investments.

Anand Singh, Co-founder of Finway Accelerator, said, “Our goal is to find and support early-stage entrepreneurs who are making significant contributions to society and the environment in addition to developing successful businesses. We hope to advance concepts that balance innovation and responsibility through this Rs 100 crore project, assisting India's startup ecosystem in developing inclusively and sustainably.”

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“At Finway Accelerator, we believe that a vision for scalability, strategic capital allocation, and effective mentoring are the keys to long-term success in the startup market. This investment strategy represents our dedication to supporting entrepreneurs with potential and purpose, assisting them in developing from concepts to organizations that will shape India's entrepreneurial future,” Akshay Kapoor, another Co-founder of Finway Accelerator, observed.

This commitment further reinforces our mission to bridge the gap in access to capital and drive India’s growth story forward with innovative startups through sustainable entrepreneurship.