WeKan looks to incubate, fund 20 Indian startups
New York-based product accelerator WeKan plans to incubate and fund about 18-20 startups in the 'future of work' space in India.
"We are looking to invest in 30-40 companies in the next 3-5 years, out of which 40-50% of the companies would be from India," Sathya Nellore, the cofounder of WeKan, said.
In the next month alone, WeKan is looking to invest at a ticket size of up to $250,000 in B2B development tools such as Low or No-Code, DevOps/Infrastructure Tools, API Management, and Software Testing tool.
This comes at a time when the Covid-19 pandemic has forced companies across the world to adopt a remote work model, or work from home (WFH).
"I think it's also one of the most exciting times for B2B and 'future of work,'" Nellore, who has nearly five years' experience as an entrepreneur and angel investor, said.