Investment

Photo: The Indian Express

US DFC To Invest $37.5 Million In Indian Businesses To Support Economy

The US International Development Finance Corporation (DFC) recently announced to invest  $37.5 million (Rs 299 crorea) to support key sectors in India. The investment is expected to fuel the growth of businesses working in sectors like financial services, agriculture, healthcare, and climate. The company announced the investment in their current FY Quarter, as a form of political risk insurance product and financial instrument for various… read-more

Sun, 11 Sep 2022 - 09:00 AM / by Varsha Joshi

Tags: Indian Startups, Investment, us company, DFC, Indian Economy

Courtesy: First Post

Naveen Patnaik

Photo: Outlook India

Odisha CM Naveen Patnaik Launches ‘Startup Odisha Yatra 2.0’

Odisha CM Naveen Patnaik has launched the “Startup Odisha Yatra 2.0” initiative, aimed at promoting entrepreneurship among youth. This flagship initiative also aims at scouting grassroot innovators and women entrepreneurs. The Yatra is expected to cover around 100 educational institutions across 30 districts, in a period of 60 days. “The state has a mission of 5,000 startups by 2025,” said CM Patnaik.

Sat, 27 Aug 2022 - 12:24 PM / by Shibu Immanuel S

Tags: naveen patnaik, Startup Odisha Yatra, Odisha, Bhubaneswar, Entrepreneurship Campaign

Courtesy: ANI

Rapido

Photo: Deccan Herald

Rapido Hopes To Generate $300 Million Income In Fiscal Year 2022-23, Seeks Collaboration With State Govts

Rapido, bike-taxi aggregator, is aiming for $300 million in revenue in fiscal year 2022-23. Rapido, founded in 2015 by Aravind Sanka, Pavan Guntupalli, and Rishikesh SR, operates in over 100 locations across India. It is now looking forward to collaborating with several state governments in order to assist metro commuters and provide additional services. Rapido presently has over 3 million bike-taxi riders and over 3 lakh drivers in auto… read-more

Wed, 17 Aug 2022 - 08:57 PM / by Vidhi Jhunjhunwala

Tags: Rapido, Central Government, revenue, FISCAL YEAR

Courtesy: DNA INDIA

Varun Raheja

Photo: The Machine Maker

25-Year-Old Entrepreneur Uses Solar Dryers To Help Farmers Decrease Waste

According to Varun Raheja, Founder of Raheja Solar Food Processing Pvt Ltd, the global market for dried fruits and vegetables is presently worth $70 billion. In 2019, the 25-year-old Indore entrepreneur founded his own firm. Solar drying technology is one example of how freely accessible energy may be used to assist farmers. The company is supplying farmers with low-cost, do-it-yourself foldable solar dryers to make value-added items from… read-more

Wed, 17 Aug 2022 - 09:06 AM / by Vidhi Jhunjhunwala

Tags: entrepreneur, Farmers, Waste management, solar dryers

Courtesy: Your Story

Founder and CEO of Softbank Masayoshi Son

Photo: VCCircle

Softbank Founder Cautions Startups, Unicorns To Prepare For Challenging Fundraising Winter

Founder and CEO of Japanese investment firm Softbank, Masayoshi Son, cautioned unicorns and startups to brace themselves for a hard fundraising winter. Son stated that unicorn executives "still believe in their valuations and they wouldn't accept that they may have to see their valuations go lower than they think." The winter for publicly-traded firms is still… read-more

Wed, 10 Aug 2022 - 01:05 PM / by Vidhi Jhunjhunwala

Tags: Softbank, Startups, unicorns, fundraising, japanese

Artificial Intelligence

Photo: Business Headers

'Basys.ai,' Harvard-Based Healthtech Startup, To Enter Indian Market Using Patented AI Technology

Basys.ai, Harvard-based health-tech startup founded in 2020 by Amber Nigam and Jie Sun, claims its in-house technology would aid enhance doctors' clinical decision-making in controlling their patients' metabolic health. To deploy its platform, the business has begun conversations with healthcare providers in India through Ayushman Bharat Digital Mission. Amber claims as… read-more

Tue, 09 Aug 2022 - 01:47 PM / by Vidhi Jhunjhunwala

Tags: Artificial Intelligence, Health technology, Startups, harvard, INDIAN MARKET

Courtesy: Your Story

Muvin Co-Foundr

Photo: Startup Talky

Fintech Start-Up Caters Teen Audience For Finance Management

Muvin, teen-focussed pocket money, digital finance, and neo-banking apps have been in a rage, giving a new direction to the fintech sector in India. The startup by Vineet Gupta and Mukund Rao focuses on finances for teenage, instead of catering adult population. The company aims to make students financially savvy, teach them money management skills, and remove the complexities from “finance”. The company raised $3 million in pre-series… read-more

Mon, 08 Aug 2022 - 07:30 PM / by Varsha Joshi

Tags: students, Start-up, Finances, Money Management, Muvin

Courtesy: Your Story

Kiko Live Founders

Photo: Your Story

Kiko Live Platform Of Retailers To Soon Available On ONDC Network In India

Kiko Live, a platform for retailers in India has announced to be onboarded on ONDC and plans to be available on the ONDC platform by September 2022. Kiko Live, a platform for small neighbourhood retailers to be available on the ONDC network, provides potential business growth to millions of small retailers across India to be visible across the platform and to sell digitally, empowering small shop sellers.

Mon, 08 Aug 2022 - 07:15 PM / by Varsha Joshi

Tags: Start-up, Kiko Live, Retailers In India, Online Platform, business

Carbon Foortprint

Photo: Plastics Today

Startups Climes, Lowsoot, WOCE To Help Companies, Individuals In Becoming Carbon Neutral

New-age firms have emerged all over the world to assist individuals (B2C) in calculating, tracking, and reducing their carbon footprint or emissions created during activities. The worldwide carbon footprint management market is expected to be worth $12.2 billion by 2025. Startups such as Climes, Lowsoot, and WOCE have created new products to assist businesses and individuals in becoming carbon neutral, a market poised for exponential… read-more

Sat, 06 Aug 2022 - 09:02 AM / by Vidhi Jhunjhunwala

Tags: carbon management, Startups, Climes, Lowsoot, WOCE

Courtesy: Your Story

Fruitleather Founders

Photo: The Textile

This Dutch Company Turns Mango Wastes Into Textile vegan Leather

A Dutch company named "Fruileather" is working towards a biodegradable environment, making waste mangoes into vegan leather. Hugo de Boon and Koen Meerkerk, the co-founders of Fruitleather, started the company with the concept of vegan leather production, in 2015 and now is able to manufacture 80-square-meters of leather per month with waste mangoes from Netherlands… read-more

Fri, 05 Aug 2022 - 12:55 PM / by Varsha Joshi

Tags: biodegradable, Mangoes, Vegan Leather, dutch company, Fruitleather

Courtesy: Textile Today