Hitesh Rathi, the founder of Aadvik Foods in 2016, is promoting camel milk. He left his hgh-paying job as an engineer and started his company with less than Rs 10 lakh capital. Aadvik Food currently offers products made from camel milk, including camel milk powder, chocolates, and a cosmetics line. Aadvik Foods distributes also distributes its products in metro cities and other nations, with over one crore turnover.
Courtesy: Zee News India
With the announcement of the Indian government's credit guarantee scheme for startups (CGSS) many companies will get. The CGSS scheme will provide credit guarantees of up to Rs 10 Cr against startup loans that lending institutions issue. Under this scheme, the government aims to offer the said credit guarantee (for startups) to lending institutions including banks, financial institutions, NBFCs and alternative investment funds (AIFs).
Courtesy: INC 42
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
Courtesy: Your Story
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.
Fidel Softech Limited, a Pune-based LangTech company is now public on NSE SME Exchange and was very well received by the investors, with oversubscription for over 120 times IPO. Works in the area of Localization & IT Consulting services, it is in operations since 2004. The company gained On company's recent IPO success, Fidel Softech's CEO, Mr. Sunil Kulkarni, thanked all investors, clients, team members, past alumni, supporters &… read-more
Omega Seiki, an Electric Vehicle (EV) maker venture joined hands with Grip Invest, to form a strategic partnership, aiming growing EV demand in India. Under the partnership, Grip Invest, a digital platform for facilitating new-age investments, would give financial aid to 1,000 Rage+ Rapid e-three-wheelers of the company. With the funding, Omega Seiki will expand to a minimum of 5,000 EVs by December 2023.
Electric mobility start-up INDEANTA collected $150,000 investment in round funding from IvyGrowth Associates and a network of Angel. The received investment will be a major boost, used to hire talented, innovation and improvements in technology, V2G(Vehicle to grid technology), and smart charging infrastructure, aiming expansion in India and abroad. Starting operation in 2020, the company is established in six cities and has a turnover of $2… read-more
Courtesy: The Free Press Journal
Poshn, an agri-tech startup, has raised a whopping Rs 28.8 crore in seed funding. Poshn is a platform for bulk processed commodities. Shashank Singh, the co-founder of Poshn, shared, "We see a huge opportunity in the processed agri space. We are delighted to partner with Prime and Zephyr in this journey". Poshn has witnessed a growth of up to 20 times in the past eight months, reported ANI.
The Innovative Retails Concepts, the Tata-owned company that operates grocery giant BigBasket, has received a capital investment of a whopping INR 1,000 crores from its holding company, Supermarket Grocery Supplies. The filings reveal that the transaction was approved on 31st March this year. 64% of the stake in Supermarket Grocery Supplies is owned by Tata Digital, which just recently launched its app, Tata Neu, that offers an array of… read-more
Courtesy: The Economic Times
India's leading EdTech start-up, iNeuron, launched a new platform named ''One Neuron'' on December 14. Reportedly, It's a first-of-its-kind OTT platform, focusing on education. The platform also offers 98+ industry graded courses for students, ensuring success in the job market. ''We're working on a mission to break the barrier of cost and make skill-oriented education available at an affordable cost,'' said Uday Mishra, Chief Business… read-more
Courtesy: Press Trust Of India