Support systems: How many startups has GSF Accelerator bred for success?

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Summary

In 2014, social networking giant Facebook marked its first acquisition in India by buying Little Eye Labs, a little-known startup that created performance analysis tools for developers. The deal, pegged at $15 million, was also a landmark moment for Global Super Angels Forum (GSF), which had incubated Little Eye as part of its inaugural batch. Founded by former Reliance Entertainment president Rajesh Sawhney in 2012, GSF’s tech accelerator platform has been backed by the likes of Paytm chief executive officer Vijay Shekhar Sharma, inMobi CEO Naveen Tewari and RedBus co-founder Phanindra Sama. Last year, it raised $4.5 million (Rs 30 crore) in a Series A round led by DHI Group Inc. At the time of that funding, the company said that it made about $350,000 in monthly revenue. Pokkt provides users who want to purchase digital content on web or mobile an opportunity to do it for free by offering multiple alternative payment tools like watching videos, subscribing to services, installing applications and participation in surveys.

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