Amrita Technology Business Incubator (TBI) has committed a total of $120,000 in seed funding for four start-ups in the ecommerce and social media marketing spaces.

E-commerce start-ups Preksh Innovations and B2BSphere and marketing enterprises Medalath Auto Components and MaaxMarket were identified from among 702 applications before being selected for funding.

“With 29 incubated start-ups, Amrita TBI is committed to providing the right eco-system and mentoring support for its incubatees. We have till date mentored 181 start-up ideas, built 31 products, filed for 5 patents and trained 6,700 students,” he said.