Mahesh Foundation launches 'angel funding' programme

Our Bureau Hyderabad | Updated on September 08, 2019 Published on September 08, 2019

The programme called 'Marwari Angels' to back startup ideas

Mahesh Foundation, a non-profit organisation on Saturday launched its 'angel funding' programme 'Marwari Angels' with over 80 startups and proposes to incubate them in Hyderabad.

The initial 12-month investment acceleration programme is all set to facilitate the growth of startup ideas in Hyderabad. "Entrepreneurs with ideas can approach us, we will provide the mentorship, technical ideas, and even investment," said Umesh Kumar Rathee, Secretary of Marwari Angels, at a press conference held at Taj Vivanta on Saturday.

" We aim to help entrepreneurs reach their goal. From now onwards, every month we will conduct a meet where entrepreneurs can converge and discuss the ideas and share the progress in implementation, we will provide them with all kinds of support they need," he added.

The idea can be anything related to business, solutions in healthcare, real estate, entertainment, sports, education, and finance are just a few examples.

"Entrepreneurs in Hyderabad need angel funding for startups. It lags when compared with cities such as Bengaluru and New Delhi and it disappoints entrepreneurs who are creative and excited about it," said Harinarayan Rathi Chairman of Marwari Angels.

"All we need now from them is an Idea, and we will help to implement it into a business," he added.

Published on September 08, 2019

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.