T-Hub and LetsVenture Announce the First Batch of Startups for their Investment Program ‘T-Angel’3 years ago Saritha Keshamoni
- 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
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.
T-Hub, in collaboration with LetsVenture, will provide the selected startups with targeted mentorship from the investors and subject matter experts. They will be mentored on getting investor-ready, financial modelling, preparing for due diligence and refining their growth strategy. The batch will undergo regular interventions through boot camps and dedicated mentoring to build a strong investment case, which will also help them to raise capital. Also, the startups are eligible to be listed on LetsVenture’s investment platform, which has helped more than 190 startups raise funds of over $85 million in the last six years.
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 https://t-hub.co/T-angel/