Malaxmi Group’s ‘The Sedibus’ was launched in Hyderabad in the midst of local investors and start-ups on Friday.

The event was organised to bring together potential start-ups and thriving investors, highlighting the need to nurture ecosystem in Andhra Pradesh.

Addressing the gathering, Harish Chandra Prasad, founder and chief mentor of Malaxmi Group said that Sedibus was the Group’s initiative to nurture innovative young minds in the state, connecting them with prospective investors.

He said as a group, they are always looking to overcome disruptions in the emerging businesses and Sedibus was their sincere move to collaborate with young minds who dare to dream big, he said.

He said that the first venture of ‘The Sedibus’ will be established at Malaxmi Hub, first Designated Technology Park with all facilities at Nidamanuru, Vijayawada.

Earlier, Malaxmi has been instrumental in establishing the Cultural Centre of Vijayawada and Amaravati to nurture art and preserve heritage, he added.

The Sedibus will act as an important networking platform, accelerator and arena for promising start-ups, growth hub for focus areas, co-work spaces and foster the community.

To this effect, an MoU was signed with Young Indians (Yi) Amaravati to accommodate essential environment for budding entrepreneurs in the state recently.

Suresh Rayudu, MD, Srinivasa Hatcheries, Sateesh Andra, MD, Endiya Partners, Pradeep Mittal Chairman of Goose Technologies and others were present.