T-Hub 2.0 partners SucSEED Indovation to support DeepTech startups
T-Hub 2.0 announced its partnership with SucSEED Indovation, a SEBI-registered Alternative Investment Fund
HYDERABAD: T-Hub 2.0 announced its partnership with SucSEED Indovation, a SEBI-registered Alternative Investment Fund (AIF-1) Venture Capital Angel Fund on Tuesday.
Through this collaboration, T-Hub and SucSEED Indovation intended to encourage innovation, increase funding and assess investment options for DeepTech startups in India. DeepTech means tangible engineering innovation or scientific advances and discoveries. Both organisations formalised their alliance by signing a Memorandum of Understanding (MoU).
Utilising their combined knowledge of the startup ecosystem, T-Hub 2.0 and SucSEED would work together to mentor, promote, incubate and aid in DeepTech startups' growth by holding masterclasses and other workshops for knowledge exchange. This would make it possible for T-Hub's startups to receive mentoring in venture capital investment, transaction management and risk management. SucSEED Indovation would also have a presence in T-Hub's new facility, the world's largest innovation campus, as part of its one-year engagement, creating significant synergies between SucSEED Indovation and T-Hub stakeholders.
CEO of T-Hub 2.0, MSR (Mahankali Srinivas Rao), said, "The Indian deep-tech ecosystem has matured significantly in recent years. Through innovation, these startups have transformed various industries from manufacturing to healthcare. However, to keep up the momentum, these startups require funds and strong mentorship, and together with SucSEED, we will unlock scaling opportunities for them. T-Hub, through these partnerships, envisions making the connection and fundraising easy for startups and investors."
Co-Founder and Managing Partner of SucSEED Indovation Fund, Vikrant Varshney, said, "SucSEED has been quoted in Top 20 Most Active Investors for Indian Startups In H1 2022 across VC and PE Landscape. We are very active to support & fund early-stage Deeptech startups, and most of them get discovered through our partnerships with Tech incubators across India. SucSEED has been committed to collaborating with strong partners like T-Hub, who provide an ecosystem for startups and help passionate entrepreneurs build innovative solutions. We've worked regularly with the Telangana ecosystem and T-Hub in the last 5+ years, and we are happy to formalise our engagement through this MOU and scale our efforts further by investing in emerging startups that have the potential to become legendary enterprises of tomorrow."
Depending on company performance, T-Hub startups would stand a chance to raise funds from the SucSEED Indovation Fund and join its illustrious portfolio list. In addition, these portfolio startups would be given access to scale with the help of credible VCs and family offices, increasing their investment opportunities.