Welcome Guest

Businessex.Com
Home News TiE Hyderabad enables on-the-spot funding for 5 start-ups at Start-up Heroes event

TiE Hyderabad enables on-the-spot funding for 5 start-ups at Start-up Heroes event

Tags: The Indus Entrepreneurs, startups, Ineda Venture Group, investors

January 19, 2015 | COMMENTS ( 0 )

TiE Hyderabad enables on-the-spot funding for 5 start-ups at Start-up Heroes event

The Indus Entrepreneurs (TiE) - Hyderabad chapter today facilitated funding for 5 startups in its event, Startup Heroes - an early stage start-up instant seed funding session. This is possibly for the first time that these many numbers of startups have got funding at a single event an instant funding in the world.

Out of the 200 startups which sent nominations to TiE Hyderabad for this funding event, 10 Startups having a working prototype were selected after multiple rounds of selection. These startups were given five minutes to pitch to 10 investors for a funding of Rs 10 lakh against 8 per cent equity.

At the end of each presentation, the investors talked about their interest in giving principle approval on funding the business idea of the startup. However, in case, they didn't find the business idea interesting enough, then they provided their feedback on the missing items which didn't excite them to fund the idea.

The organisers shared and clarified the terms with investors and startups before the start of the event without leaving any scope of negotiations on the stage. Startup Heroes was organised in partnership with Hyderabad Angels.

A look at the startups which received investors approval:

1) Enabli: It is a lead generation tool for consumer facing businesses. Their proprietary algorithm analyses posts on social media and filters convesations where a user is seeking a business or a service. Enabli is a subscription based service for B2C businesses like photographers, real-estate agents and wedding planners. It helps them with leads that generate more business for them.

2) Yo Grad: It is a community for students to network, learn, share and have fun. They can create clubs; engage in conversations and discussions with students from different colleges. Students can learn, share things and take educated and well informed decisions. They can also earn reward points on the platform and can redeem the same for student offers and discounts.

3) Play your sport: It's a location based mobile app that enables its users to create, join and book sports and fitness activities in their nearby location. It's the market place for sports and fitness.

4) Hostel Dunia: The platform provides an in-depth and much needed information about hostels around you - like facilities, food menu, address, pictures, reviews and ratings.

5) CBS: CBS is an Internet of Things (IoT) product platform based company. The platform help fetch data from different devices and sensors, and provide smart solutions in accordance to bussiness needs. CBS has four verticles live on their platform right now.

In the earlier part of the day, TiE organised its annual flagship event 'SmashUp' for early age startups to enable them to learn the art of building successful ventures from eminent mentors and inspirational successful entrepreneurs. These early stage startups also got the opportunity to network with the investors including angels and VCs.

Commenting on the success of the event, Safir Adeni, President - TiE Hyderabad and Managing Partner, Ineda Venture Group said, "I am very excited to see such a superb response from the investor community to the startups. In the history of startups funding, this is possibly for the first time that 5 startups have received funding at a single instant funding event. I am sure this would further motivate the other budding startups and help us in making Hyderabad as the startup capital of the country."
 

Please add your comment

Rating
Not readable? Change text.
Enter the characters as seen on the image (case insensitive)
  Notify me of followup comments via e-mail   Subscribe for daily newsletter

Other NEWS

Delhi based startup i2e1 raises $5,00,000

Delhi based startup i2e1 raises $5,...

December 10, 2015

Delhi-based i2e1, a smart network player platform which aims to provide low-cost and free internet to consumers and actionable ana....

Cab aggregators collaborate with state governments to boost entrepreneurship

Cab aggregators collaborate with st...

November 06, 2015

Ola and Uber, cab aggregators have signed agreements with Rajasthan government for skill development and creation of entrepreneuri....

Phase II of startup incubator T-Hub to be operational soon

Phase II of startup incubator T-Hub...

November 04, 2015

Telangana government is planning to expand T-Hub, its ambitious incubator programme, in its second phase with about Rs 150 crore i....

Sabse Technologies receives investment from Ratan Tata

Sabse Technologies receives investm...

November 04, 2015

Global telecom carrier, Sabse Technologies Inc, started by Hotmail Founder Sabeer Bhatia today announced that Tata Sons' Chairman ....

Mobile startup BlackNGreen seeks international expansion

Mobile startup BlackNGreen seeks in...

November 02, 2015

Buoyed by a strong demand for value added services, mobile startup BlackNGreen is eyeing revenue of Rs 350 crore in the next one y....

Startups seek better future under Hay Group's programme

Startups seek better future under H...

October 30, 2015

Global management consultancy, Hay Group will help 100 selected entrepreneurs transform their startups into successful companies o....

Quintype raises USD 3.25 million for product enhancement

Quintype raises USD 3.25 million fo...

October 27, 2015

Quintype, a data-driven publishing company raised USD 3.25 million to enhance product and business development. ....

Hospitality aggregator startup Qik Stay raises $250K

Hospitality aggregator startup Qik ...

October 27, 2015

Delhi-based Qik Stay, a hotel branding and aggregator startup, has raised $250K in seed round of funding from venture capital firm....

Milk Mantra targets a turnover of Rs 150 crore this fiscal

Milk Mantra targets a turnover of R...

October 26, 2015

Odisha-based startup dairy firm, Milk Mantra is targeting a turnover of Rs 150 crore this fiscal.....

Vista Rooms creates app on Instagram, targets tier II & III cities

Vista Rooms creates app on Instagra...

October 23, 2015

Mumbai-based online budget accommodation aggregator, Vista Rooms has created an app-like experience on Instagram where travellers ....

Jiyo Natural receives funding from Indian Angel Network

Jiyo Natural receives funding from ...

October 23, 2015

Indian Angel Network (IAN) has invested an undisclosed amount in Bengaluru-based consumer health food startup, Jiyo Natural.....

​​Vodoo raises USD 1 million from SAIF Partners

​​Vodoo raises USD 1 mi...

October 15, 2015

Deals and price comparison application, Vodoo has raised USD 1 million (around Rs 65 lakh) from SAIF Partners in a seed funding ro....

IBM launches public data centre in Chennai, partners with Nasscom to boost start ups

IBM launches public data centre in ...

October 15, 2015

Technology giant, IBM today launched public data centre in Chennai to tap into growing demand from financial services and governme....

For Nasscom, PPP will boost startups in India

For Nasscom, PPP will boost startup...

October 14, 2015

In the wake of some reservations over the central government creating startup funds, Nasscom's "10,000 startups" Vice President, R....

WalmartLabs to seek partnership with Indian startups

WalmartLabs to seek partnership wit...

October 14, 2015

WalmartLabs, the digital arm of US-based retailing major Walmart Stores, is scouting for startups in India for partnership and wor....