By | Business Bureau | Published: 8:07 pm 8:15 pm

Hyderabad: TiE- Hyderabad will hold its second edition of The Guardian Angel – a live Instant funding event inspired by popular TV Series “Shark Tank”. The instant fund raising event will be held on June 24 in Hyderabad. TiE is a global network of entrepreneurs

After its debut in 2016, The Guardian Angel received over 125 applications for 2017 edition. In the first edition, three startups raised funds to the tune of Rs 1.75 crore. Organisers expect this year’s event to set a new record.

Pradeep Mittal, president, TiE Hyderabad, said, the Guardian Angel is part of the many startup friendly initiatives TiE-Hyderabad have introduced over the years to strengthen the eco-system.

The Guardian Angel fulfils a critical growth factor through funding and investment support. This event will take the spirits of the startups to newer levels and encourage them to bring exclusivity and innovation on to the table, ultimately bridging the gap between the investors and startups.

“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 lakhs to Rs 2 crores. Activities like this and more will not only strengthen the eco-system but will also bring sustenance,” Mittal added.

Rakesh Bhatia, chair, The Guardian Angel said, “The second edition of The Guardian Angel brings more innovative startups and great stories to the platform, which will create new benchmarks in the ecosystem and encourage the entrepreneurial spirit.”