Photo: Your story
Mumbai-Based Startup 'Freight Tiger' Raises $6.5 Million Funds
Freight Tiger has raised $6.5 million in funds powered by Florintree Infra on Sept 11. It's a Mumbai-based startup focused on India's freight industry. Several new as well as existing investors like Aroa Venture, the Family office fund of OYO Founder Ritesh Agarwal, Lightspeed India Partners, Moonstone Investments, and Pawan Munjal Family Trust participated in fundraising. The company aims to make India's $125 million freight industry.
Tags: Frieght Tiger, Florintree Infra, Freight Industry, Startup, ritesh agarwal
Courtesy: Yourstory
Photo: The Better India
Startup Recycles Chocolate Wrappers Into Viable 'Plywood' Alternative
Plastic comes with its own environmental burden and recycled plastic is the key to negate the global waste plastic issue. To save the environment, "Ricron Panels", a start-up initiated by "Rahul Choudhary" is now converting Multi-Layered Plastics (MLP) like chocolate wrappers, toothpaste tubes into an alternative for "plywood" that can be used to construct classroom benches, toilets, and more. About 500 tons of MLPs are recycled every day.… read-more
Tags: Plastic, Ricron Panels, Gujart, Startup, Plywood
Courtesy: The Better India
Photo: Kerala Kaumudi
Startup Develops Device Providing 360 Degree Protection Against Coronavirus
A Kerala Startup Mission (KSUM) incubator named 'Allabout Innovation Pvt Ltd' has developed a device which can prevent the spread of airborne coronavirus. Known as 'Wolf Airmask', the device can realtime sterilise 1000 square feet of SARS-CoV-2. Successfully tested by ICMR-approved lab, it can eliminate 99% coronavirus in just 15 minutes. Moreover, requiring no service, the device can be used for 60,000 hours, providing 360-degree protection… read-more
Tags: Coronavirus, wolf airmask, health care, Covid-19, Startup
Courtesy: Business Standard
Photo: Startup Stories
Bike Rental Startup 'Bounce' Nears Closure, Starts Selling Its Fleet
Bike rental startup Bounce is on liquidation route, selling all its two-wheelers at Hyderabad's Bharat Nagar Metro Station, besides downsizing by 80%. The pandemic and grim economic state have pushed the company towards the decision. Previously appraised at $450mn, Bounce's revenues sank from Rs 8-10Cr/month to Rs 1Cr/month, driving layoffs as the workforce has declined from 600 to 70. However, Bounce has granted a three-month severance… read-more
Tags: Bounce, bike rental service, Startup, Two-wheelers, Hyderabad, pandemic
Courtesy: RushLane
Photo: Autocar
Maruti Suzuki, IIM-B Collab To Provide Incubation Program For Start-Ups
In what could be called a novel initiative, Indian Institute of Management Bangalore (IIM) along with Maruti Suzuki are eyeing to nurture 26 start-ups across mobility sector. Aimed to bring industry-ready solutions to start-up businesses, the initiative will be a nine-month extensive incubation program. In addition, incubation period includes various workshops, networking events and mock-pitches. Besides, mobility sector is set to grow at 90… read-more
Tags: IIM, IIM Bangalore, Maruti Suzuki, Startup, entrepreneur
Courtesy: NDTV
