Society for Innovation and Entrepreneurship (SINE), a startup incubator run by IIT Bombay, has appointed Ajeet Khurana as its CEO. He replaces Sushanto Mitra, who had quit as CEO of SINE in September 2012 to join Hyderabad Angels.
"Over the next three years, we aim to accommodate at least 50 startups each in a single batch, besides roping in more mentors, advisors and investors," Khurana told Techcircle.in.
Khurana is an entrepreneur-turned angel investor. A University of Texas alumnus, Khurana had earlier founded Corpus Collosum Learning Pvt Ltd and KITS (Khurana Information and Training Systems Pvt Ltd). He had previously worked with various incubators, accelerators, startup events, entrepreneur clubs and social media platforms, besides National Entrepreneurship Network (NEN).
As angel investor, Khurana invests $10,000 each in eight startups every year. His key investment areas include education, e-commerce, software, internet & internet-enabled services and mobile. His portfolio companies include Rolocule Games, United Mobile Apps, Karmic Lifesciences and Carve Niche Technologies Pvt. Ltd.
Khurana informed that he will discontinue his angel investment activities.