T-Hub and LetsVenture Announce the First Batch of Startups for their Investment Program ‘T-Angel’
- A batch of 31 startups across sectors has been selected after the screening of more than 180 applications received for the program
- With over 11 seasoned investment partners onboard, the startups will avail of funding- focused mentorship that will make them investment-ready and boost early stage investments in Telangana
- Launched in August, T-Angel is the first-ever funding-focused program ideated by T-Hub with the support of the LetsVenture funding platform
Hyderabad, 7th Jan 2020: 2020: T-Hub, which leads India’s pioneering innovation ecosystem, announced today the selection of 31 startups for the first edition of T-Angel. It is T-Hub’s joint initiative with the Government of Telangana to enable early-stage startup investments in the state. T-Angel has selected 31 startups from industries, such as technology, healthtech, edtech, enterprise technology, etc., who will receive opportunities to raise funds from LetsVenture platform, angel networks, and venture capital funds.
Ravi Narayan, CEO, T-Hub, said, “Telangana has distinguished itself by building a unique innovation ecosystem for India. T-Hub has played a proactive role in this by enabling an innovation ecosystem that has helped startups scale. The state has startups that have the potential to proliferate, given funding is enabled at the right time. T-Angel creates the most appropriate environment for hungry entrepreneurs to connect with the right set of investors that T-Hub and LetsVenture have got on board for the program. We are excited about the interest received from leading investors, angel networks and VCs to mentor our startups in scaling up their investment journey.”
Shanti Mohan, Founder, CEO at LetsVenture, said, “T-Angel Cohort participants are about to get a strong curriculum of group sessions as well as one-on-one interventions from the LetsAccelerate team to help them prepare for fundraising. With over 6,500 angel investors and 300+ VCs, family offices and corporate investors in our network, LetsAccelerate is uniquely positioned to help cohort startups get in touch with investors. Since we evaluate thousands of startups and showcase hundreds of startups every year to investors, we have a vantage perspective on what investors are looking for. We bring our pool of investors and deep insights into the fundraising process improve the chances of fundraising for the cohort participants.”
The ecosystem innovation team at T-Hub will enable collaborations for the 31 startups by matching them with the right set of investors. Some of the startups from the batch are Abda Digital, Cantilever Labs, Ideanz, Kahaniya, Movingnow, Needyin, Paxcredit, Relgo, Syntizen, Waste Ventures and Younify. T-Hub aims to secure investments for a minimum of 10 startups out of the 31 from the first cohort.
For more information about the program, visit The Link
About T-Hub: T-Hub enables and empowers an ecosystem hungry for innovation. Based in Hyderabad, India, it leads India’s pioneering innovation ecosystem that powers next-generation products and new business models. It uses the Triple-Helix model of innovation based on interaction and collaboration between industry, academia and the government. Incorporated in 2015, it has provided over 1100 national and international startups with access to better technology, talent, mentors, customers, corporates, investors and government agencies. T-Hub also provides thought leadership for Telangana and other state and central government organisations to build innovation ecosystems. It has elevated innovation for leading national and global corporates, transforming enterprise business models for the better.
About LetsVenture LetsVenture is India’s leading startup investment platform, having helped over 190 startups raise over $85 million in the last six years. There are more than 25,000 startups on the platform with over 300 new startup applications every month. LetsVenture has over 6500+ angel investors, 130+ family offices and 80 micro funds on the platform. LetsVenture is backed by Accel Partners, Ratan Tata, Nandan Nilekani, Rajan Anandan, Mohandas Pai and Anupam Mittal. LetsAccelerate—an initiative by LetsVenture—is designed to help accelerators and incubators increase the chances of success of the startups they support. Visit Website