US' Gray Matters Capital to fund ed-tech startups in India

US-based investing foundation Gray Matters Capital (GMC) has launched an accelerator program called 'GMC Calibrator' which will focus on education tech startups in India. The fund will invest a total of $2 million in startups that it mentors and plans to conduct one cohort every year. The programme will not pick any equity stake in exchange for funding, GMC added.