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Young Entrepreneurs Association (YEA) and Magnifiq Capital Trust have partnered with Dr. A Velumani (founder of Thyrocare) to invest up to Rs 500 crore in Indian startups handpicked and mentored by him.
According to an official release, the announcement was made at YEA’s annual general meeting held in Hyderabad on April 27 and reflects the organization’s continued efforts to accelerate the advancement of the startup ecosystem.
Subhakar Alapati, Chairman of the Young Entrepreneurs Association, said: “Today is a landmark moment as YEA turns the page on a decade of pioneering entrepreneurship. This new fund will support innovation and entrepreneurship. “It marks a milestone in our journey to promote the spirit.” , YEA has played a pivotal role in supporting startups through investment and mentorship and with this initiative aims to further expand its impact on India’s startup landscape. ”
Seed-stage companies innovating in these areas are encouraged to apply. The application process includes the submission of detailed proposals, in which applicants undergo a thorough review to ensure a fair and insightful selection process for future winners.
YEA has a track record of investing heavily in private IPO stocks of startups such as Boat and Villa. Additionally, the association offers one-on-one mentoring from its members, many of whom are first- and second-generation entrepreneurs. These mentors come from a variety of industries, ensuring startups receive a wealth of knowledge and tailored advice.
Young Entrepreneurs Association (YEA) is a Hyderabad-based organization founded in 2012 that brings together a vibrant network of innovators and business leaders. YEA’s goal is to foster a culture of development, mentorship, and collaboration by making networks, resources, and expertise more accessible.
