Andhra Pradesh Chief Minister Mr. N Chandrababu Naidu inaugurated a venture capital fund, Telugu Angels, on January 7. The primary goal of this initiative is to provide Telugu entrepreneurs with opportunities to establish and expand their ventures on a global scale. While the exact size of the fund has not yet been disclosed, reports suggest that it aims to support startups by leveraging a global investor network and strategic partnerships with accelerators.

A New VC Fund

This VC fund is poised to play a significant role in fostering innovation and entrepreneurship within the Telugu community. As part of its strategy, Telugu Angels is engaging with founders of unicorns and soonicorns to form a strategic investment group. This collaboration is expected to bring expertise, mentorship, and funding opportunities to emerging businesses.

By launching this initiative, CM Mr. N Chandrababu Naidu has taken a forward-thinking step toward strengthening the entrepreneurial ecosystem in Andhra Pradesh. Telugu Angels is anticipated to empower startups, encourage innovation, and enhance the state’s reputation as a hub for cutting-edge ventures.

Commitment From Entrepreneurs

The fund's alignment with global networks and partnerships underscores its commitment to enabling entrepreneurs to compete and thrive internationally. With such initiatives, Andhra Pradesh is set to become a hotspot for entrepreneurial talent and groundbreaking business ideas.

The Andhra Pradesh Chief Minister said that the launch of Telugu Angels is an important step in the journey of Vision 2047. The Andhra Pradesh Chief Minister believes that this initiative will be one of the key enablers.

Telugu Angels

Andhra Pradesh Chief Minister on January 7 launched a VC fund called Telugu Angels. The aim of launching this new initiative is to give Telugu entrepreneurs a golden opportunity to establish their ventures globally. The exact size of the fund has not been announced to the public yet but we will update soon.