Green House Ventures (GHV), which is a recently launched Delhi/Gurgan based Accelerator has partnered with a Japan based Capital fund called WiL (World Innovation Labs). The Capital fund invests in disruptive startups that have a global appeal, the fund further helps these startups by bridging the gap between the United States market and their home markets. WiL’s this partnership with GHV marks its glorious entry into the Indian startup Ecosystem.
Gen Isayama and Masataka Matsumoto are the wonder brains behind the Japan based Capital fund. Gen is a serial technology and Internet Entrepreneur, while Matsumoto on the other hand is the ex-chief incubation officer of Yahoo. Both Gen and Matsumoto will dedicate five days a month as mentors for various startups housed at GHV.
According to Gen, CEO and co-founder, WiL, “India today looks like what China was 10 years back and growth here will be much stronger in the next few years. We would like to fund a couple of companies from GHV if there is a strong connection to Silicon Valley or Japan. If we see benefits of cross-border mentorship and regular dialogue, the next step will be set up a fund or facility which we can jointly run to continue our relationship.”
Through its this partnership with GHV, WiL is looking forward to support the growth and expansion of GHV housed startups in the global market, predominately US and Japan. WiL will help these startups in increasing their visibility, client reach and building a strong product. Post acceleration, the Japan based capital fund will fund GHV startups as Series A investors. The capital fund usually invests $5-30 million in early growth stage technology and internet startups through various rounds of investments and is set to follow the same pattern with the GHV startups. WiL is all set to bring its network of companies based in the US and Japan to help these startups in expanding globally.
According to Vikram Upadhyaya’s statement to Economic Times, “The partnership brings an entire ecosystem in place, mentoring support, global expertise and a Series A funding opportunity for startups. I see these three things as a strong value for our partnership.” Vikram Upadhyaya is the chief mentor at GHV.
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