Hyderabad Students' Start-up Gets Seed Investment from KTR - Business News, Finance News, Share Market News - Market trendz

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Monday 17 April 2023

Hyderabad Students' Start-up Gets Seed Investment from KTR

 Hyderabad Students' Start-up Gets Seed Investment from KTR

Hyderabad Students' Start-up Gets Seed Investment from KTR

Two students from Hyderabad have received seed investment for their start-up from Kalvakuntla Taraka Rama Rao (KTR), the Minister for IT and Industries in Telangana. The Minister announced the investment during the 11th edition of the 'Seed to Startup' event held recently in Hyderabad.

Introduction to the Start-up

The start-up, called 'UrbanKisaan', was founded by two students from Hyderabad - Vihari Kanukollu and Karthik Vaidhynathan. UrbanKisaan focuses on the urban farming sector and provides innovative solutions for home-grown vegetables and herbs. The start-up aims to promote sustainable and healthy living by enabling people to grow their own food at home.

Selection for the Seed Investment

The 'Seed to Startup' event is an initiative by the Telangana State Innovation Cell (TSIC) and the State government to promote entrepreneurship and support start-ups. The event provides a platform for start-ups to showcase their ideas and receive funding.

UrbanKisaan was one of the 11 start-ups selected for the seed investment out of a total of 250 applicants. The start-ups were selected based on their innovation, scalability, and potential impact.

The Amount of Seed Investment

The selected start-ups were granted a seed investment of INR 10 lakhs each. This investment is intended to help start-ups kick-start their operations and develop their products.

Reacting to the news, Vihari Kanukollu and Karthik Vaidhynathan, the founders of UrbanKisaan, expressed their gratitude to KTR and the TSIC. They stated that the seed investment would be instrumental in helping them achieve their goals and make a positive impact on society.

Reaction from the Students and Officials

KTR congratulated the founders of UrbanKisaan on their selection and encouraged them to continue their innovative work. He also emphasized the importance of supporting start-ups and promoting entrepreneurship, as it is a key driver of economic growth.

The TSIC officials also expressed their satisfaction with the event and the selected start-ups. They stated that they would continue to support these start-ups and provide them with the necessary resources to succeed.

In conclusion, the seed investment by KTR for UrbanKisaan is a significant boost for the start-up and is expected to help them make a positive impact in the urban farming sector. It also highlights the efforts of the Telangana government in promoting entrepreneurship and supporting start-ups.

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