T-Hub hosted a successful Scale-Up Summit on 10th March, bringing together startup founders, investors, corporates, government and ecosystem enablers for a day of insightful discussions and networking opportunities. The event featured a keynote address by T-Hub's leadership, highlighting the innovation ecosystem in the state and the country and the support provided by T-Hub to startups in their early growth stages.
T-Hub also announced the launch of Cohort 10 of its Lab32 program, which has already witnessed the successful acceleration of 249 startups, raising USD 403 million funding, and engaging 58 mentors. This cohort, which received over 800 applications from startups, will have 20 startups selected based on founder attributes, D2C/B2C business model, and market validation through initial traction.
The summit was attended by eminent dignitaries, including Jayesh Ranjan, Principal Secretary of I&C and IT, Telangana government, Taran Chhabra and Amar Preet Singh, Founders of Neeman’s, Chaitanya Chitta, founder of Slay Coffee and CEO of T-Hub, among others. Two prominent unicorn representatives, Kavikrut, Chief Growth Officer of OYO, and Rohit Chennamaneni, Founder of Darwin Box, shared their success stories and insights into scaling up businesses. Attendees had the opportunity to participate in networking, workshops and masterclasses on fundraising, scaling, and marketing.
Jayesh Ranjan, Principal Secretary of I&C and IT, Government of Telangana, "The Telangana government is committed to nurturing and supporting the startup ecosystem in the state, and T-Hub has been a crucial partner in achieving this goal. The Scale-Up Summit was an excellent platform for startups to connect with investors and other ecosystem enablers, and we are delighted with the success of the event. We are excited about the future of the startup ecosystem in Telangana, and we will continue to work closely with all stakeholders to build an ecosystem that enables startups to thrive."
Mahankali Srinivas Rao (MSR), CEO of T-Hub, said, "We are thrilled with the success of the Scale-Up Summit, which brought together some of the brightest minds in the startup ecosystem. This event was an excellent opportunity for entrepreneurs, investors, and ecosystem enablers to network and share insights on how to scale up businesses successfully. We are also excited to launch the tenth cohort of Lab32, which has been instrumental in supporting startups in refining their business models and achieving market readiness. We look forward to supporting more startups in their growth journey and contributing to the vibrant startup ecosystem in India."
The Lab32 program provides startups with customized business support, failure rate reduction, and access to T-Hub's vast network of mentors, corporates and investors. The program also includes masterclasses from successful D2C unicorn founders during a 100-day market readiness program focused on GTM strategy development. The top 20 percent of startups from the cohort will receive exclusive access to markets, mentors, media, methodologies, and possible entry into T-Hub's angel investment program upon graduation.
In addition to the successful Scale-Up Summit and the launch of Cohort 10 of Lab32, T-Hub and Redberri have come together to establish an innovation center, which will serve as T-Hub's global outpost in North America. This partnership will provide Indian startups with a significant advantage in the US market and enable them to connect with larger international players to augment their growth journey.
Furthermore, these startups will have access to strategic workshops and interventions to gain entry into both markets and explore new business opportunities. The partnership will also facilitate cross-border innovation and technology transfer, accelerate the development of the ecosystem, and promote investments in academic institutions through strategic collaborations. Additionally, during the summit, T-Hub and Redberri unveiled their joint website.
T-Hub's strong ecosystem of partners has successfully impacted over 1800 startups through various programs and initiatives, connecting them with over 600 global and national corporate partners and providing 2000 mentor connects to help them scale.