T-Hub’s maiden Lab32 start-up programme raises ₹112 crore

After ‘accelerating’ about 70 start-ups in the maiden Lab32 programme last year, which attracted investments of ₹112 crore in aggregate, tech incubator T-Hub has called for entries for the second edition.

The application submission process, which begins on February 18, will end on April 8. The second batch will commence operations on May 1, with a focus on start-ups working in the areas of health tech, fintech, smart mobility, social, smart mobility, smart cities and deep tech areas such as artificial intelligence and blockchain. Ravi Narayan, the new Chief Executive Officer of T-Hub, has put the average revenue per start-up in the first edition in the last three months at ₹27 lakh.