The Morpheus, a startup accelerator, is planning to move away from the existing model, and even stopped taking applications for next batches. Will instead work with startups that are anywhere between 2-5 years old, or even up to 10 years in existence. Link

Mumbai based easy stage fund – Seedfund is set to raise its third fund – whose size is yet to be decided – towards the end of this year. It has already deployed close to 80 per cent of the second fund of $54 million it raised in 2011. Link

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