Companies

31 start-ups picked for maiden T-Angel investment programme

Our Bureau Hyderabad | Updated on January 07, 2020 Published on January 07, 2020

Technology start-up incubator T-Hub and LetsVenture have selected 31 start-ups for their maiden investment programme T-Angel.

Drawn from different verticals, these 31 start-ups were shortlisted from over 180 start-ups that sought to join the programme.

T-Hub targets to facilitate investments for at least 10 out of the 31 start-ups selected for the first cohort.

Besides getting focused mentorship, the shortlisted start-ups will get access to funding too.

T-Hub, in association with LetsVenture and the Telangana government, announced the T-Angel programme in August 2019 to promote early-stage start-up investments in the State.

The start-ups, which represent technology, healthtech, edtech and enterprise technology, can access funds from the LetsVenture platform, angel networks, and venture capital funds.

“They will get mentorship on getting investor-ready, financial modelling, preparing for due diligence and refining their growth strategy,” Ravi Narayan, Chief Executive Officer of T-Hub, has said.

LetsVenture’s investment platform has helped more than 190 start-ups in raising funds to the tune of over $85 million in the last six years.

“The LetsAccelerate team will help them prepare for fund-raising.

“The platform has a network of over 6,500 angel investors and more than 300 VCs, family offices and corporate investors,” Shanti Mohan, Founder and CEO at LetsVenture, said.

The shortlisted start-ups included Abda Digital, Cantilever Labs, Ideanz, Kahaniya and Movingnow.

Published on January 07, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.