CM Reddy’s efforts give big boost to women entrepreneurship

WK Holdings signs MoU for $US 5 million investment, to invest over $100 million in the next five years in Telangana entrepreneurs.

Highlights:

• Sita Pallacholla, CEO, WE Hub, Phani Karra and Greg Walsh, Co-Founders, Walsh Karra Holdings, finalise roadmap for US$ 5 million investment for WE Hub
• Roadmap for investing $100 million in next five years for Telangana entrepreneurs

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 guaranteeing an investment of USD 5 million in WE Hub over the next five years.

The MoU was signed at New York, in the presence of Chief Minister Anumula Revanth Reddy, Minister of IT E&C, I&C and LA, 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,” the Chief Minister said.

Greg Walsh said, “With this initiative, over the next five years, WKH will also invest USD 100 million in start-ups incubating in Telangana ecosystem, both WE Hub incubated start-ups and beyond, thus being a reliable partner in 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 & 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.

Phani said, “I studied at Osmania University and started my career at Hyderabad which propelled me to succeed at 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.”

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 programmes 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 Hon. Chief Minister Revanth Reddy, Hon. 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.”