125 startups to vie for funding opportunity in TiE event in Hyderabad

HYDERABAD: TiE- Hyderabad today announced their second edition of The Guardian Angel - a live instant funding event inspired by popular TV series "Shark Tank", here on June 24.

It has received more than 125 applications, TiE Hyderabad said in a statement.

In the first edition last year, three start-ups raised funds to the tune of Rs 1.75 crore.

TiE Hyderabad president Pradeep Mittal said, "We will continue to hand hold and nurture startups through various initiatives. The Guardian Angel is just one such step that facilitates funding to the tune of Rs 5 lakh to Rs 2 crore."