India: Essel’s Subhash Chandra launches non-profit accelerator for media startups

If the stake sale goes through, it may threaten Subhash Chandra’s control over Zee Entertainment Enterprises/ Photo: Livemint

Essel Group promoter and chairman Subhash Chandra on Tuesday launched Esselerator, a mentorship and accelerator program for start-ups in media and entertainment sector. This is the first in a string of philanthropic initiatives to be launched under the Subhash Chandra Foundation. The foundation has an investment corpus of Rs5,000 crore from Chandra’s family wealth which besides start-ups will work in areas of social impact and aim to create a self sustaining environment for businesses.

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