Baanhem Ventures, the creators of the upcoming reality show “Startup Thamizha,” have raised ₹3.3 crore from Mudhal Partners. Mudhal Partners is a tech executive firm newly launched by Kumar Vembu. The Chennai-based company was established earlier this year by Hemachandran L and Balachandar R.
Their aim is to discover and support first-generation native entrepreneurs from Tamil Nadu. Baanhem Ventures is working with Tamil Nadu’s nodal entrepreneurship agency, StartupTN, to conceptualize the TV show “Startup Thamizha.” The show is similar to the business reality show “Shark Tank.” It has already secured commitments of over ₹200 crore in investments from various industry leaders. The program’s launch date is yet to be announced.
It will identify promising entrepreneurs and startups.
Baanhem secures funding for Tamil startups
It will provide them with the necessary financial support and mentorship to strengthen the entrepreneurial ecosystem in the state.
“I was impressed by Baanhem’s vision to specifically develop first-generation & native entrepreneurs from Tamil Nadu for the future, and their scientific approach to producing successful startups. It is for this reason that I decided to be the first to join this novel initiative, which led to the establishment of Mudhal Partners,” said tech executive Kumar Vembu. “At Baanhem, our mission is to be a dependable resource for these entrepreneurs to showcase their talent and turn their ideas into successful businesses.
Through our maiden IP program, Startup Thamizha, we are committed to helping wanna-be entrepreneurs turn their dreams into reality, contributing to Tamil Nadu’s economic growth and enhancing a lasting entrepreneurial culture in the state,” the Baanhem founders said in a statement. The initiative by Baanhem Ventures marks a significant step towards fostering an entrepreneurial culture in Tamil Nadu. It provides essential support to aspiring business leaders and contributes to the region’s economic development.
