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TiE-ISB to help 50 startups secure Rs 50-crore funding

The annual TiE-ISB Connect from March 26 in Hyderabad will see 15 venture capitalists and PE firms participating in the event

BS Reporter  |  Hyderabad 

Around 50 startups would be vying for up to Rs 50 crore funding from a slew of venture capitalists and private equity players at the annual TiE-ISB Connect event starting from March 26 here.

It is for the first time The Indus Entrepreneurs-Indian School Business (TiE-ISB) joint event is leveraging the platform to bring on board investors to fund growth-stage startups towards the high-growth phase. TiE is defining growth-stage startups as those having revenues in the range of Rs 10-50 crore.

“We expect five-six startups to emerge successful in attracting the fund interest at the event, with the average raising to be at Rs 10 crore,” Safir Adeni, president of TiE Hyderabad told mediapersons. He said 15 venture capitalists and PE firms had confirmed their participation.

The three-day event also covers an exclusive session — ‘Make in India- Opportunities and Challenges’ — to encourage entrepreneurs exploit emerging opportunities in sectors, including defence manufacturing.

Organisers have invited speakers, like DRDO Research Centre Imarat director Sateesh Reddy, founder of Taxiforsure Raghunandan G and Snapdeal M&A head Abhishek Kumar, to deliver industry insights.

Besides, the course of the event will have sessions on opportunities in Internet of Things and security and opportunities in healthcare.

Of the total applications received, with interests covering manufacturing, healthcare, telecom infrastructure, media and entertainment, around 15 had come from the students of ISB.

Some of the participating startups will also be shortlisted and mentored by TiE Hyderabad.

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First Published: Thu, March 19 2015. 20:45 IST