02 Mar 50K Invests in Startups at TiE SmashUp
Yet another TiE SmashUp created waves in the Startup community. This year’s SmashUp proved to be quite an interesting event for 50K as we have invested a seed funding of 20 lacs in 4 promising Startups. Apart from 50K Ventures, the other venture funds that were a part of the SmashUp were Unitus Seed Fund, Anthill Ventures, Saha Fund, Indian Angel Network, Hyderabad Angels, Parampara fund etc. This eventful Smashup received applications from several startups while eleven startups pitched at the event. Every startup was diverse at so many levels, but the startups that walked home with seed funding are:
1. Green Pyramid Biotech. Pvt. Ltd: A startup that aims to develop and commercialize innovative products, based on compositions/formulations of bio-surfactants, at prices that are cost-efficient.
2. Newsdash: It is a startup by IIIT Hyderabad alumni that aims to bring newspapers and newsletters on mobile.
3. Theranosis Life Sciences Pvt Ltd: A Biotech R&D startup company that aims to develop in-vitro diagnostics for cancer.
4. CupidCare: CupidCare is a telehealth platform working in space of sexual health and wellness.
50K is absolutely thrilled with the enthusiasm and the zeal the startups have displayed in the SmashUp, and we are hoping we’ll see more such ideas flourishing.
Source: Economic Times