Hyderabad-based Young Entrepreneurs Association (YEA) has announced the launch of its new startup fund with an initial corpus of INR 5 Cr to nurture potential startups in the Hyderabad region, along with a new logo.
Commenting on the move, YEA president Subhakar Alapati said, “With our new logo and startup fund, YEA Hyderabad is poised to redefine entrepreneurship and foster win-win entrepreneur-to-entrepreneur networking like never before.”
He added that YEA looks forward to nurturing the spirit of entrepreneurship among its members and the broader community, ensuring a vibrant and dynamic entrepreneurial landscape in Hyderabad.
YEA Hyderabad was launched over a decade ago to host entrepreneurs and leaders from diverse sectors, including politics and bureaucracy, and gain valuable insights that can shape and redefine their business strategies.
Initially, the association had merely 11 members, which has grown to 80 members today. YEA plans to take this count 120 members. This year alone, YEA has onboarded 15 members.
With over 5.3K funded startups, between 2014 and H1 2023, the Indian startup ecosystem has secured a total funding of $141 Bn+. According to Inc42’s State Of Indian Startup Ecosystem Report 2023, the Indian startup ecosystem is backed by more than 9.5K active investors.
The new fund announcement by YEA comes just a day after early stage investor Antler India announced the first close of its maiden fund at INR 500 Cr. This fund is focussed on Indian startups and will operate separately from the VC firm’s global entity.
Also, a few days ago, Japanese VC firm Incubate Fund Asia concluded the first close of its third fund with a target corpus of $50 Mn. The VC said that the funds will be deployed across 20 pre and seed stage startups across India and Southeast Asia.
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