SoftBank Group’s founder Masayoshi Son’s younger brother Taizo Son has launched an agri-food tech accelerator in India even as Lodha Group has partnered with Zone Startups to launch Palava Accelerator.
Masayoshi Son’s younger brother Taizo Son launches accelerator in India
Taizo Son, younger brother of SoftBank Group’s founder Masayoshi Son, on Thursday launched an agri-food tech accelerator in India.
The accelerator, christened Gastrotope, is launched in partnership with Gurgaon-based GSF Accelerator and Indo-Japan business consultancy firm Infobridge in Bangalore.
He seeks to invest in food and agri-tech startups through this accelerator. Taizo also founded mobile gaming company GungHo, Japan. He also has an investment firm Mistletoe which he launched in 2013, and since then, he has made over 90 investments globally for around $160 million.
GSF is a Gurgaon-based technology startup accelerator which has incubated over 40 startups in Delhi, Mumbai, and Bengaluru. Infobridge offers consulting and business development services to Japanese in India.
Lodha Group, Zone Startups partner to launch Palava Accelerator
Lodha Group will be providing capital from its Startup Investment Fund for real estate and smart cities which has an initial corpus of Rs 50 crore. The accelerator will work on 30 startups in a year, and the selected startups will go through a four-month acceleration programme.
Palava would provide entrepreneurs an opportunity to work in the city and with the city management body, provide mentorship, access to investors and a stimulating environment to work in.
“We are hopeful this initiative will encourage start- ups to create disruptive ideas, technologies for the real estate sector and take the government’s smart city mission a notch higher,” Shaishav Dharia, Regional CEO, Lodha Group said.