Silicon Valley-based startup incubator Y Combinator is looking for Indian entrepreneurs to join its upcoming batch.
In a blog, earlier this week, the firm said it will hold interviews for the Summer 2019 batch in Bengaluru for founders based in India. It is the first time Y Combinator is hosting interviews outside Mountain View, California.
“We’ve received an increasing number of applications from India and this will allow us to interview more Indian founders,” the company stated in the blog.
"Over the years, the incubator has seen a growing number of applications that are tackling very India-specific problems, from logistics to lending and vernacular languages," Adora Cheung, partner, Y Combinator, said in an interview with Economic Times.
Y Combinator is best known for backing companies like Airbnb, Stripe, Dropbox, Reddit, Quora, Cruise and DoorDash. So far, it has funded over 40 companies from India, including ClearTax, Meesho and Razorpay.
The famed incubator was founded in 2005 by Paul Graham, Jessica Livingston, Trevor Blackwell and Robert Tappan Morris. All the founders, except Livingston, who is an American author, are renowned computer programmers. Since its inception, Y Combinator has funded about 1,900 companies with a total valuation of USD 100 billion and has a network of 4,000 founders, including around 100 from India.
Twice a year, the company invests a small amount of money in a startup through three-month batches that it runs annually, starting January and June. In the last Winter 2019 batch, it funded eight Indian companies.
Y Combinator will accept applications till April 12 for Bengaluru interview. The startups will be invited by April 16 and the interviews are expected to take place from May 7 to 9. The in-person program, which will start in June in Mountain View, California, will offer funding and access to YC partners and resources.
“We also hope that people who may not have otherwise applied to YC will consider applying since interviews are now potentially just a car-ride away,” said Cheung, adding that YC has been investing in the country since 2014, and will continue to do so.