It has received more than 125 applications, TiE Hyderabad said in a statement.
In the first edition last year, three start-ups raised funds to the tune of Rs 1.75 crore.
TiE Hyderabad president Pradeep Mittal said, "We will continue to hand hold and nurture start-ups through various initiatives. The Guardian Angel is just one such step that facilitates funding to the tune of Rs 5 lakh to Rs 2 crore.
Disclaimer: No Business Standard Journalist was involved in creation of this content