INDIA RISING: Playcez is First GSF India Startup to Receive U.S. funding


Playcez has raised nearly $1 million in seed funding from U.S.-based investors, according to The Next Web. The “event discovery” app claims that “boring weekends and evenings will soon be history,” by monitoring social networks like Foursquare and using algorithms to calculate the hottest events in a particularly city.

So the idea may not be the most original, but the company has a fair amount of hype to live up to as the first¬†startup to receive funding out of the GSF India accelerator. GSF India founder Rajesh Sawhney says that Playcez founder Ashwani Gaur has an international perspective — surprisingly rare with many Indian entrepreneurs — and aims to create a world-class product.

Whether or not Playcez gets past the gauntlet of new iOS apps, this is just the beginning for GSF India. Sawhney notes that at least 40 startups will go through the incubator in 2013, and hopes to eventually expand to 10 accelerator centers, both inside and beyond India.