iAccelerator is in Ahmedabad (at least that's what the faq says). 500,000 is enough to lead a comfortable life. It is about 1.5 to 2 times the yearly salary of

iAccelerator is in Ahmedabad (at least that's what the faq says). 500,000 is enough to lead a comfortable life. It is about 1.5 to 2 times the yearly salary of a fresh C.S. engineering grad in Ahmedabad. But remember this is 500K for a team of 2-3 people. Edit: I stand corrected, this round seems to be happening in Bangalore where 500K is closer to 1.5 times than 2 times the starting salary of a new CS grad.