A new startup from India has become one the world-leading startup incubator hubs in the country, with more than $40 million in seed funding from Google Ventures, Andreessen Horowitz and more than 60 others, according to a report by TechCrunch.
The startup, called Bootstrap, is an instant-messaging app that aims to connect people with the same kind of online communication services that are available to them in other countries, including in the United States.
The app, which launched in India on January 1, has been downloaded more than 3 million times, according the report.
Bootstrap is one of a number of Indian startups that have raised a significant amount of venture capital over the past year, with many of the investments from the Indian VCs coming in the form of equity and debt, which can be used to launch new companies.
The company is also one of several startups that are also part of a larger Indian startup accelerator program, which is being launched by the government in an attempt to promote startups across the country.
This is a new initiative that will help launch more startups in the long run, said Shrikant Shah, who is the CEO of Bootstrap.
“We want to help our ecosystem grow, but also build a better India, one where every citizen has the ability to take on challenges and succeed,” Shah told TechCrunch over Skype from his office in New Delhi.
The initiative is being dubbed “The Next India,” and the government aims to build a network of more than 20,000 startups that will be supported by $150 million in funding from the government and $100 million from private investors.
India has seen a surge in investment in startups over the last year.
The government has also recently launched a new fund, the Startup India Fund, to encourage startup entrepreneurs to enter into private funding deals, in an effort to accelerate the adoption of new technologies.
India is one the largest markets for foreign startups.
More than $1 billion was invested in startups in India last year, up 10 percent from 2015, according a recent report by research firm eMarketer.
The Indian government has announced several initiatives, including a series of initiatives, in recent months, including the Digital India campaign, which aims to attract new tech startups to the country and encourage investments in India.