Matrix Partners & K Raheja Corp Launches ‘The Space’ For Startups

matrixindia.jpgMatrix Partners India and K Raheja Corp has launched The Space, a co-working space in Powai in response to the growing startup activity in Mumbai as well as on the higher costs of starting up in Mumbai than in other cities.
The Space aims to provide platform for 3-6 member startup teams who will be selected by a panel of investors from the Mumbai startup ecosystem. The Space can accommodate 8 startup teams per cycle with three months duration.
Startups at the early development stages will be given priority rather than matured ones.
The startups can apply for the first cycle which is scheduled to start in the 2nd week of June. The application closes on May 5th.
Adds Ashish: Interesting what Investors are doing to create a healthy pipeline.

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