TiE-Hyderabad – The Guardian Angel Organised Live Instant Funding 2nd Edition held in Hyderabad today witnessed HUG Innovations amongst the record 125 applicants find a Guardian Angel for their venture. Out of the 4 startups which pitched their idea to pin-up investors HUG Innovations succeeded in raising $5 million (Rs. 33 Cr) series A Funding.
HUG Innovations founded by Raj Neravati is a technology startup developing the Gadgets for fitness lovers works on gesture recognition mechanism. The other startups which pitched their ideas were GoLive Gaming, Voltus Wave and Cargo Exchange.
The second edition of TiE-Hyderabad- The Guardian Angel follows its successful and highly acclaimed debut in 2016 where 2 start ups raised funds to the tune of Rs 1.75 Cr.
Rakesh Bhatia, Chair, The Guardian Angel said, “We are overwhelmed, The 2nd edition of The Guardian Angel brought rejoicing number of innovative startups and great stories to the platform. We are confident the tale of these successful startups will create new benchmarks in the ecosystem and drive entrepreneurship in the coming generation.”
“We believe startups could add several millions to the economy with the right support and finance to scale-up. Our instant live funding initiative is designed to tackle this funding gap. Such opportunities also open a new window of hope for these young startups and raise their spirits to newer levels. It will also encourage them to bring exclusivity and innovation on to the table.” Pradeep Mittal, President, TiE Hyderabad said.
