30, Jan 2024
T-Hub Hosts Anthill Ventures’ Pioneering Family Office Alliance
Hyderabad, 30 January 2024 – T-Hub, India’s leading startup incubator, today witnessed the launch event of India’s first-ever Family Office Alliance by Anthill Ventures. The event aimed to elevate Telangana and India’s startup landscape, providing unparalleled opportunities for entrepreneurs to scale rapidly with global support.
The event took place at T-Hub and brought together distinguished European and Indian Family Offices to cultivate cultural connections, facilitate networking relationships, and explore investment opportunities between the vibrant ecosystems of India and Europe. Dignitaries in attendance included Honourable IT Minister of State Sri D. Sridhar Babu and Principal Secretary, Department of Information Technology, Electronics & Communications (ITE&C) and Department of Industries & Commerce, Jayesh Ranjan as Chief Guests. Notable figures such as Indian actor, Producer, and Techpreneur Rana Daggubati, Cyient & Chairman at IIT Hyderabad BVR Mohan Reddy, Founder of iLabs, Srinivasa Raju Chintalapati, NAR Infra’s Executive Director, Parvathi Reddy, and the CEO of T-Hub Mahankali Srinivas Rao graced the occasion.
Honourable Chief Guest Sri D. Sridhar Babu led a welcoming panel on Telangana, emphasising the state’s vast entrepreneurial potential for global investors & entrepreneurs. The panel, featuring luminaries such as Parvathi Reddy, Srinivas Rao Mahankali, and Honourable Principal Secretary ITE & Commerce Jayesh Ranjan, provided insights into the region’s burgeoning startup ecosystem. Honourable IT Minister of State Sri D. Sridhar Babu remarked, “Telangana stands as a beacon for global investors and entrepreneurs, offering vast opportunities in our dynamic and thriving startup ecosystem. This was followed by an addressal by the Founder of the Family Office Alliance Philip von Wulffen & Anthill Venture’s CEO & Founder Prasad Vanga on the manifestation & evolution of the Family Office Alliance.
Mahankali Srinivas Rao, CEO of T-Hub, said, ” The event solidifies our commitment to nurturing innovation and fostering global collaborations. The Family Office Alliance is a testament to our vision of creating a conducive environment for businesses to flourish, and we are excited about the transformative impact it will have on the entrepreneurial landscape of India.”
T-Hub, through its robust innovation ecosystem, has been instrumental in nurturing over 3,000 startups, engaging with 150 mentors, collaborating with 350 corporate partners, and resulting in a remarkable $1.9 billion raised investments by its startups.
Prasad Vanga, CEO and Founder, Anthill Ventures, said, “The support that this incredible country and the state of Telangana offers to the visionaries of tomorrow — brave entrepreneurs manifesting ideas that contribute to smart and better living across a series of industries for generations to come from now to Gen Z, Gen X and beyond — deserves a platform like this. We are here to back this vision through these focussed alliances that will allow the industry to #scalewithspeed with the intent to bring the best of great companies and prescient entrepreneurs across Urban Lifestyle and Urban Tech. We couldn’t be more grateful for the support of the Family Office Alliance and T-Hub to make this unique event come to life.”
The event successfully served as a platform for collaboration, solidifying connections and paving the way for future engagements between European and Indian Family Offices. It also witnessed compelling Family Office Panel Discussion with industry leaders such as BVR Mohan Reddy, Srinivasa Raju Chintalapati, Kristin Bjelland (CEO, Bjella Investments), and Cristina Ventura (General Partner, White Star Capital). Delving into innovation, a panel discussion on the impact of Artificial Intelligence on Content Creation, Indian consumer trends, and tech markets included insights from notable figures like Rana Daggubati, Rauno Miljand (Skype Manager and Family Office Principal), Peder Wallenberg (Senior Partner, Cohesion Investments), and Akis Evangelidis (Co-Founder, Nothing). The event concluded with a keynote address by Aditya Ghosh, Co-founder & Board Member of Akasa Air, providing valuable perspectives on scaling up in the Indian market, followed by an exclusive tour of T-Works, India’s largest prototyping center. Notably, the esteemed guests at the event were invited by Anthill Ventures, showcasing the organization’s commitment to fostering global collaborations and providing a platform for impactful discussions.
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- By Rabindra
29, Jan 2024
Telangana is not just competing with sister states within India but is competing with countries of our size: D. Sridhar Babu, IT Minister
Hyderabad, January 29, 2024-…. Investment opportunities in Telangana State were showcased in a round table conference held today at T-Hub to 12 member delegates from the Nordics, Estonia and Western Europe.
Some of the prominent ones of the 12-member delegation were JAB Holdings (they own all the large coffee brands like Peets Coffee, Krispy Kreme and Pret), Whitestone Capital, Metaplanet holding (Founder of Skype) and Bjella Investments from Norway. The combined holdings of just these 4 Family offices are over $100B in assets under management.
The round table was the initiative of the Government of Telangana, NAR Infra Pvt. Ltd and Prasad Vanga, CEO and Founder of Anthill Venture, a Speed Scaling Ecosystem that invests in, and scales, early-stage companies in Media, Urban Tech and Health Tech. Prasad Vanga is a successful entrepreneur, angel investor and business transformation coach.
Anthill Ventures has invited the delegation to Hyderabad, and Parvathi Reddy seized the opportunity to get the government involved and showcase Telangana as an investment potential state. Being an entrepreneur herself and having a lot of work in the state herself, she understands the governance and ease of doing business here, the skilled workforce available, the infrastructure, the safety, and the liveability all included make Hyderabad and Telangana a great place to do business. She has taken it upon herself to showcase Telangana as the best destination for opportunities and investments.
The delegation was convinced by the Government of Telangana to come to Hyderabad over other cities because of our innovative outlook and a strong focus on entrepreneurship said N. Parvathi Reddy one of the panel speakers and Co-Founder and Executive Director at NAR Infra Pvt. Ltd. an industry leader in the infrastructure sector in India.
D. Sridhar Babu Minister of IT, Government of Telangana; N. Parvathi Reddy, FICCI FLO Young Leader and alumni of Family Business from the Indian School of Business (ISB) Hyderabad; CEO of T-Hub Srinivas Rao Mahankali and Honourable Principal Secretary ITE & C Jayesh Ranjan; Founder of the Family Office Alliance Philip von Wulffen & Anthill Venture’s CEO & Founder Prasad Vanga and others participated.
Speaking on the occasion D. Sridhar Babu said Telangana is the youngest but the best state in terms of human capital, infrastructure, proactive government and in ease of doing business. The state is not just competing with sister states in India, but is also competing with countries of our size. Please come forward and invest in the state. You will have minimal government intervention in your affairs. Last year the Telangana state got Rs 20,000 crore investments. This year we have already signed MoUs worth Rs 40,000 crore in investments.
Jayesh Ranjan asked why tech companies prefer Hyderabad and Telangana. It is because of the talent pool. When I say this, it doesn’t mean that other cities don’t have. We compete with cities like Bangalore, Chennai, Pune, and Gurgaon. When compared to these cities our talent pool proved more productive, work-minded, and lived up to their deliverability. This was proven again during the pandemic. They proved to be a more responsible workforce. This was observed by many CEOs and they told us. The workforce here takes up challenges and lives up to those challenges. The attrition rate in Hyderabad is 6-7% lower compared to Bengaluru and the cost of acquiring talent is 15% lower.
The main driver of the tech industry is innovation. When I say these other cities are also doing well in terms of innovation and even better than us. But what makes this city apart from the rest is the innovation ecosystem and the state-of-the-art centres of excellence and innovation hubs, Jayesh Ranjan added.
We will continue the progress of the state. Policies of the previous government/s if good will be better and continued.
The Founder of the Family Office Alliance Philip von Wulffen & Anthill Venture’s CEO & Founder Prasad Vanga spoke on the manifestation & evolution of the Family Office Alliance
Family Office Alliance is an entity established by a wealthy individual/s to manage the family’s wealth.
The Family Office Panel Discussion was held with the founder of Cyient & Chairman at IIT Hyderabad BVR Mohan Reddy, iLabs Founder Srinivasa Raju Chintalapati and noted dignitaries including CEO at Bjella Investments Kristin Bjelland & General Partner at White Star Capital Cristina Ventura.
AI In Everything We Do — An Innovation Panel Discussion held with actor, producer and tech-preneur Rana Daggubati, Rauno Miljand who manages Skype in addition to his personal family offices, Peder Wallenberg, Senior Partner at Cohesion Investments and Akis Evangelidis, Co-Founder of Nothing.
Aditya Ghosh, former president and full-time director of IndiGo and co-founder of Akasa Air with Vinay Dube spoke on Scaling up in India. Giving his keynote address, Aditya Ghosh shared his experience in transforming and leading India’s largest & most profitable airline.
All the panellists shared their ideas and points of view on the growth story of Telangana.
In the end, the delegation had an exclusive tour of T-Works, India’s largest prototyping centre.