Walsh Karra Holdings, a US-based investment firm, and WE Hub, Telangana’s state-led nodal organization for women’s entrepreneurship, signed a Memorandum of Understanding (MoU) to secure an investment of $5 million in WE Hub over the next five years. The MoU was signed in New York during an official visit by Chief Minister Anumula Revanth Reddy and State IT Minister D. Sridhar Babu to explore new partnerships and investments for Telangana.
“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 Revanth Reddy in a press release from his office. Greg Walsh of Karra Holdings announced that the company would invest $100 million in start-ups incubating in Telangana, including those at WE Hub and others.
Walsh Karra Holdings (WKH), co-founded by seasoned global entrepreneurs and investors Greg Walsh and Phani Karra, operates out of the United States and Singapore. It supports early and growth-stage companies committed to innovation, sustainability, and profitability. By investing in these solutions, WKH aims to accelerate their scalability and contribute to building a more sustainable future.
“I studied at Osmania University and started my career in Hyderabad, which propelled me to succeed on the international stage. The gratitude I feel for 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,” said Phani Karra.
According to the Chief Minister’s Office, WE Hub will implement targeted and world-class entrepreneurship, incubation, and acceleration programs over the next five years, in line with the Chief Minister’s vision to empower women as drivers of economic growth. This investment by WKH will provide the necessary impetus to catalyze the growth of WE Hub and women entrepreneurs.
Sita Pallacholla mentioned that the investment would be used to design and deliver a flagship program of international standards for women entrepreneurs in India.
Meanwhile, the Chief Minister, Minister Sridhar Babu, and other members of the delegation visited the New York Stock Exchange.
“It was fortuitous for us to start our trip to the USA to bring investments for Telangana with a visit to the historic New York Stock Exchange – an institution that is perhaps the heart of the American and global economy. An icon that stands testimony to the history of wealth creators who have shaped our world,” read a post from the CMO handle on X.
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