Y Combinator picks 3 local startups for 1st time
Making it by far the largest representation of Indian startups at Y Combinator, the American seed accelerator has picked three Indian startups for a three-month programme. The startups include co-working space Innov8, car rental platform JustRide and app to create Facebook shop, Meesho. Y Combinator typically invests $120,000 in startups for a 7% equity stake across two batches every year.