T-Hub has invested Rs 1.5 crore across three startups from Telangana government-backed T-Fund.
A co-investment fund under the State Innovation Policy to support early-stage startups in Telangana, T-Fund will expend Rs 15 crore for the year 2021-22 across 15-20 startups every year with an average cheque size of Rs 25 lakh to Rs 1 crore each. The funding will be sponsored by the state ITE&C Department and T-Hub has been appointed the investment manager of the fund.
Talent recommendation tool Perspect.ai has raised Rs 1 crore from the fund while millet-based protein shake brand Millet Bowl and nutraceutical brand Lauriko have raised Rs 25 lakh each.