Finway Accelerator, a subsidiary of Finway, an RBI-registered NBFC, has announced its ambitious plan to invest ₹100 crore in the next three years by 2028.
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 ₹100 crore.
Finway Accelerator has already made strategic investments in ventures like Sprout Studio, an animation and VFX company making 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.
Finway Accelerator has reportedly reached a seven-fold increase in turnover in just one year of operations after it started with an initial investment of ₹1 crore. The company currently has more than 20,000 customers and is disbursing loans of over ₹200 crore per year through its financial arm, Finway.
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.”
Akshay Kapoor, Co-founder of Finway Accelerator, said, “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.”
