The winner Saisri Akondi will represent TiE Hyderabad at TiE Global Summit in Singapore in November and compete with 40 other winners from across the globe
Hyderabad, September 07, 2023….. TiE Women Regional Final of Global Pitching Competition Winners announced. They are Ms. Saisri Akondi, founder of Axolotol Health Pvt. Ltd winner. The name of the product of her startup is D.Sole.
Panoplia Digital Protection Pvt Ltd, Founder Pratyusha V was the first runner up and Heamac Healthcare Pvt. Ltd, Founder Akitha Kolloju and OsteoForge MedTech PVT Founder Dr. B Sri Sai Ramya were second runner-ups.
The Winner, Ms. Saisri Akondi will now represent TiE Hyderabad at the TiE Global Summit in Singapore to be held in November. She will contend with other 40 Chapter Winners worldwide for a chance to secure $50,000 worth of equity-free prize money.
TiE Women Global Pitching Competition 2023 will create an opportunity for access to Investors, and funding for women entrepreneurs.
TiE Hyderabad Women initiative aims to foster and encourage women’s entrepreneurship through mentoring, networking, education and funding to create a strong women’s entrepreneurial community.
TiE Women is a transformative initiative that was launched by TiE Global in 2020 across all TiE Chapters, with the purpose to Embrace, Engage, and Empower women entrepreneurs, fostering a climate of inclusiveness and growth. As part of this initiative, each chapter selects one Women Entrepreneur to participate in a Global Pitch Competition. This year, the Global Pitch Competition is scheduled to take place in Singapore at the TiE Global Summit in November 2023.
At TiE Hyderabad, this marks the 4th edition of the TiE Women program, which received 64 applications from Women-led start-ups. All applicants have through the TiE Bootcamp, an Entrepreneurship Development Program consisting of intensive mentoring sessions. Following the Bootcamp, 30 applicants were selected for the semi-finals, where a jury panel selected the top 10 Regional finalists. Each of these 10 entrepreneurs was then paired with a Charter Member mentor for personalized one-on-one mentoring. From ten finalists Ms. Saisri Akondi, founder of Axolotol Health Pvt. Ltd was chosen as the winner to compete with 40 other winners across the world.
The jury for the regional final was composed of Ms Renuka Bodla- Venture Partner at Silverneedle Ventures, Mr. Kishore Ganji Angel Investor and mentor, Astir Ventures & Mr Rathnakar Samavedam, Investment Director at Hyderabad Angels.
Ms. Suman Kumar Founder & Director, SUKASO, ALEAP & COWE & Ms. Deepthi Ravula, CEO of WE-Hub who were guests at the regional contest delivered keynote address and shared their remarkable journeys & contributions in their fields.
Right after the event, TiE Hyderabad Women Committee was approached by various angels and venture capital firms like Hyderabad Angels, Astir Ventures, SucSEED Indovation Funds, Silverneedle Ventures and HNI angels. Our top 5 selected start-ups are going for the next round of presentations with fund houses and based on the current interest, they may potentially raise up to $1 million -just locally!!
There is money and there is talent at Hyderabad – it’s unstoppable and the TiE Hyderabad chapter has created a history by being a pioneer in fundraising for our women entrepreneurs!
This event was sponsored by HeraNow, Isprout Co-working Spaces, Just Transform, MAK Projects, SuCSEED Innovation Funds, TAL Radio and Zenwork
Ms. Ekta Bahl, Partner, Samvād: Partners & Mentor to the Chapter Winner quoted “It is important to have platforms such as TiE Women that encourage women entrepreneurship, provides them mentorship and a stage for them to connect with other stakeholders. Over the years, I have seen TiE women grow from strength to strength and the journey is incredible. Sasri’s passion, belief, and understanding of the space and dedication to the cause were outstanding. Her articulation of this in her pitch was captivating. It was wonderful to have interacted with her.”
Mr. Srini Chandupatla, TiE Hyderabad Vice President, Co-Founder & COO Manjeera Digital, mentor to the 1st Runner quoted “Very excited to witness some amazing women-led startups with mind-blowing ideas. It was an exhilarating experience mentoring one of the startups in the security space – AI Kavach. The winner startup AI Kavach’s founder Pratyusha Vemuri’s passion and focus are clearly visible in her electrifying pitch. Thrilled to see many more women run startups from our ecosystem.”
Mr. Rajesh Varma Manthena, Executive Vice President, American Oncology Institute (AOI), Hyderabad & Mentor to 2nd Runner up said “Akitha is a very passionate and committed founder. She is working on something that can make a big difference in infants’ health. I wish her all the best!”