We recently announced our entry into India as a seed-stage travel technology with TravHQ.com a travel news media site for Indian travel tech startups.
India is a large global market. 1.2B people with estimates of 300M-500M people coming into the middle class. As the Indian middle class grows so does travel as the saying goes.
Matt Zito, Managing Partner at Travel Startups Incubator says, “35% of the applications received at Travel Startups Incubator are from Indian travel tech startups. We currently have 2 offer agreements out and will be investing directly in India within the next 30-days. We are truly excited about the opportunity. We love the Indian startup work ethic and have found most of the founders we’ve talked to have character.”
InnoveLaw in Mumbai lead by Suhas Baliga will be representing Travel Startups Incubator on legal aspects of the investment deals.
Travel Startups Incubator is looking for founding teams (2-3 people) coming out of India’s leading IT colleges and universities, where the founders are building 100% of the product and working full-time on their startup.
In conjunction with investing in Indian travel tech startups, Travel Startups Incubator has joined Amadeus Next the regional initiative of Amadeus to build and foster the leading travel tech community in Asia Pacific. The two organizations will collaborate on deals and to help refer startups between the two programs.