Hyderabad incubator WE-Hub riding high on startup feats
The Hindu
2021 was a year of several achievements for the facility
The New Year has begun on a note of optimism for We-Hub, the city-based incubation centre which exclusively fosters and promotes women entrepreneurship. For, 2021 was a year of achievements with six startups incubated there raising nearly ₹5 crore.
WE-Hub CEO Deepthi Ravula said fintech startup Macromoney, social enterprise Oorvi Sustainable Concepts, cloud kitchen startup Sortizy, and digital media tech startup Newsreach raised ₹4 crore in equity funds. Other startups were given grants and debt funds.
In an effort to reach other areas in the State and tackle hurdles that hinder women from taking up their entrepreneurial journey, Ms Ravula said incubation centres in Warangal and Peddapalli districts and Ramagundam were established. Plans are afoot to reach a larger number of women entrepreneurs in rural areas such as those in Mahbubabad, Sircilla, Khammam, and Nizamabad.
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