Walsh Karra Holdings, a US-based investment firm to invest over Rs 830 crores in Telangana
Hyderabad: In a big boost to women entrepreneurship, Walsh Karra Holdings, a US-based investment firm and Telangana WE Hub signed an MoU guaranteeing an investment of over Rs 40 crores in WE Hub over the next five years and over Rs 830 crores in the startup ecosystem of the state.
Phani Karra and Greg Walsh of Walsh Karra Holdings, a US-based investment firm, and Sita Pallacholla, Chief Executive Officer of WE Hub, India’s first state-led nodal organisation for women’s entrepreneurship, signed an MoU on Monday.
The MoU was signed in New York, in the presence of Chief Minister Anumula Revanth Reddy, Minister of IT D. Sridhar Babu, during their official visit to the US to explore new partnerships and investments for the state.
Chief Minister Revanth Reddy congratulated the entire team for this success. “Women entrepreneurship will liberate our society and unleash the truest potential of Telangana. No society can achieve its fullest potential without enabling and empowering women,” said the Chief Minister.
Greg Walsh said, “With this initiative, over the next five years, WKH will also invest over Rs 800 crores in start-ups incubating in the Telangana ecosystem, both WE Hub incubated start-ups and beyond, thus being a reliable partner in the growth story of both urban and rural Telangana”.
Walsh Karra Holdings (WKH) co-founded by seasoned Global Entrepreneurs and Investors Greg Walsh and Phani Karra, operates out of United States and Singapore. It is uniquely positioned to find and develop new investment opportunities to drive the next century’s sustainable economy.
It supports early and growth stage companies that demonstrate their commitment to solutions that model innovation, sustainability, and profitability. By investing in these solutions, WKH aims to not only accelerate their scalability but also contribute to building a more sustainable future.
Speaking on the occasion Phani Karra, Osmania alumni said, “I studied at Osmania University and started my career at Hyderabad which propelled me to succeed at the international stage. The gratitude I feel to India and Hyderabad made me look for ways to give back. With this partnership, we have found a reliable agency to ensure our investments make a positive impact in India.”
CM Revanth Reddy’s efforts give big boost to women entrepreneurship
In keeping with the Chief Minister’s vision to enable more and more women to become drivers of economic empowerment of the nation, WE Hub will be implementing targeted and world class entrepreneurship, incubation and acceleration programmes in the next five years. This investment by WKH will provide the much needed timely impetus, catalysisng the growth of WE Hub alongside the growth of Women Entrepreneurs.
Speaking on the occasion, Sita Pallacholla said, “I thank Chief Minister Revanth Reddy, Minister Sridhar Babu garu and all officials, for their guidance. This investment will be used to design and deliver a flagship programme of international standards to women entrepreneurs of India.”
