Top Trending StartUps News & Highlights
By issuing bonds, Navi Finserv, owned by Sachin Bansal, raises INR 150 Cr.
SUMMARY: The investors include Rishad Kairus Dadachanji, Pervin Kairus Dadachanji, and Kairus Shavak Dadachanji, the chairman of the Dadachanji Group, who have contributed INR 110 Cr. This occurs months after the loan startup declared its intention to use NCDs to raise INR 600 Cr. Cofounded in 2012 by Sachin Bansal and Ankit Agarwal, Navi Finserv specializes in lending products such as home, auto, and personal loans.Navi Finserv, a fintech unicorn run by Sachin Bansal, reportedly obtained INR 150 Cr through the issuing of bonds from six individual investors, following the company's announcement months earlier of aspirations to fund up to INR 600 Cr through the issuance of Non-Convertible Debentures (NCDs).An hour ago
Published 06 Jun 2024 10:08 AM
WinZo announces selection of 18 gaming startups to represent India at Gamescom Latam
The games that are included come in a variety of categories and genres, such as chess, racing, physics-based challenges, cricket, riddles, and racing games. Eighteen gaming businesses have been chosen by the vernacular skill gaming platform WinZO and the Department for Promotion of Industry and Internal Trade's (DPIIT) Startup India to represent India at Gamescom Latam, one of the biggest games exhibitions in the world. Games from a variety of categories and genres are included on the list, such as chess, racing, physics-based challenges, cricket, riddles, and racing games. According to the organization, these businesses are based in both bigger cities like Nashik and smaller ones like Hyderabad, Chennai, Pune, Kolkata, Bengaluru, Mumbai, and Delhi NCR. The titles that have been chosen include the cross-platform game Gods Of Cricket, the role-playing game Tanhaji The Maratha Warrior, the first-person survival horror game Kamla: Indian Exorcism, the narrative-driven 3D action-adventure game Unsung Empire: The Cholas, and the action role-playing game Frontier Paladin. The list also includes Kurukshetra: Ascension, an epic strategic card warfare game, Mr. Racer, a racing game for cars, Spook-A-Boo, an arcade game, and My Dream House, a casual Match3D+Decor game. Other games include the real-time chess game Tale of Honor, the shooter game Laser Tanks, the tile-matching game Timmy's Toy Rush, the puzzle game DetectiveIQ, the cricket game Bharat Cricket Premier League, the adventure game Mumbai Gullies, the hypercasual action game Elemental Escape, and the simulation game Tea Garden Simulator, which allows users to build and run their own tea empire. WinZO stated that a panel of seasoned industry professionals, including Suresh K Reddy, the Indian ambassador to Brazil, and Rohit Kumar Singh, the former secretary of the Indian government, chose the games from a pool of more than 100 technology and gaming businesses and technological institutes. (Fundação Getulio Vargas' São Paulo School of Business Administration) were also part of the panel. "India is positioned to lead the way in technical innovation because to its foundation of cutting-edge inventions and dedication to developing domestic talent. In a statement, Singh stated, "WinZO exemplifies this trajectory, harnessing the power of Indian creativity and technology to impact the global stage significantly." India's entry into LATAM, propelled by the export of technology and intellectual property, opens up new opportunities for our technology entrepreneurs, according to Rajesh Kumar Singh, Secretary, DPIIT. Developers who participate in this program pursue their goals and help India become a global leader in technology exports."
Published 06 Jun 2024 10:07 AM
DroneAcharya's Operating Revenue Soars 90%, Net Profit Doubles To 6.2 Cr in FY24
SUMMARY DroneAcharya's operating revenue climbed from INR 18.56 Cr in FY23 to INR 35.19 Cr in FY24, an almost 90% rise. The firm ascribed this rise to the business's constant and steady expansion as a drone solution supplier and drone-focused training institution. The startup's overall revenue increased to INR 37.35 Cr in FY24 from INR 19.13 Cr the previous year, including other revenues.In the fiscal year 2023–24 (FY24), the drone startup DroneAcharya Aerial Innovations, based in Pune, declared a consolidated profit after tax (PAT) of INR 6.2 Cr, over two times higher than the INR 3.42 Cr recorded in the same period of the previous fiscal year.Operating revenue for DroneAcharya climbed by about 90% from INR 18.56 Cr in FY23 to INR 35.19 Cr in FY24. The company's continuous and consistent growth as a drone solution provider and drone-centric training organization was credited by the startup for this increase.DroneAcharya, established in 2017 by Prateek Srivastava, provides a range of drone solutions for data processing, multi-sensor drone surveys, and pilot training, among other uses. Last year, the business ventured into the production of drones. In July 2023, it entered into a commercial production, assembly, and export agreement for drones and related goods with Gridbots Technologies, a robotics business based in Gujarat.The startup's overall revenue increased from INR 19.13 Cr to INR 37.35 Cr in FY24 when other income was factored in."At the moment, DroneAcharya is the top and most innovative DGCA-certified drone pilot training provider in India for the private sector. The company added in a statement that it has also made great progress in securing several international drone service projects, valuable industrial relationships with drone manufacturers, investments in drone-related businesses, and acquisitions of value-adding enterprises in India and throughout the world. DroneAcharya operated two DGCA-certified drone pilot training facilities in Pune and Gujarat up till last year. The corporation added two more new centers at IIT Ropar in Punjab and Jaipur in FY24, doubling the number. "The introduction of our line of type-certified agricultural spraying drones will be our first rollout for FY25. We are also steadily advancing internationally, emerging as one of India's foremostNoteworthy is the fact that DroneAcharya Aerial Innovations received an order earlier this year from the Adani Group to offer drone pilot training certified by the Directorate General of Civil Aviation (DGCA). Additionally, it obtained a contract in January from the Indian Army to supply advanced drone training and capacity building at the Mechanized Army Courses Group in Ahmednagar. It entered into an agreement with Vimaan Aerospace in February to supply drones, as well as services and training linked to drones.
Published 06 Jun 2024 10:06 AM
India Receives Its Second Space Port, Excitement for Rocket Startups
Today, Prime Minister Narendra Modi will lay the foundation stone for India's second launch site, Kulasekharapatnam, which is situated in the Thoothukudi district of Tamil Nadu. This will significantly advance the nation's spacefaring endeavors. The new launch pad has the small rocket community in India, including ISRO and startups, giddy with anticipation for more efficient small rocket launches.Up until now, all rockets used to launch satellites into orbit were launched from the nation's single spaceport, which was located in Sriharikota, Andhra Pradesh. To date, India has launched 95 rockets from Sriharikota, 80 of which have been declared successful. Renamed the Satish Dhawan Space Center, it began modestly in 1971 with the launch of a sounding rocket, the RH-125. The center is currently getting ready for India's human spaceflight project, Gaganyaan, to launch. Satish Dhawan Space Center has a distinct advantage—it is one of the world's southernmost rocket ports—but it also has a major disadvantage. The land mass of Sri Lanka presents a safety concern for rockets launching in polar or southerly directions because it keeps rocket debris from landing on foreign soil.In order to lessen this, ISRO has traditionally carried out a unique manoeuvre referred to as the "dogleg maneuver" in order to avoid Sri Lanka when conducting direct southward launches. Although there is a penalty for this maneuver, it can be tolerated for larger rockets with sufficient fuel, such as PSLV, GSLV, and LVM-3. But the advantages of using Sriharikota as the preferred launch site become clear as India gains proficiency in the launch of smaller rockets, such as the Small Satellite Launch Vehicle (SSLV), which can carry satellites weighing up to 500 kilograms. According to an ISRO rocket specialist, it becomes almost impossible to launch small rockets from Sriharikota in polar or southern trajectories with payloads weighing between 500 and 700 kg. As a result, Kulasekharapatnam has been chosen as the second launch site to address these issues because of its expanding small rocket market.
Published 28 Feb 2024 05:29 PM
StartUps
StartUps are the backbone of any country and in any Industry as these are the new ventures which entrepreneurs establish and then contribute to the nation growth and progress. The stratups will then grow and become unicorns and create thousands of employments in different sector boosting the economy and take it to the next level.
JUMPSTART 2024 IS LAUNCHED BY WEWORK LABS TO SUPPORT EARLY-STAGE START-UPS
WeWork India's investment and acceleration division, through its Growth Campus initiative, would give entrepreneurs discounted access to workspaces, a chance to network with founders, investors, and mentors, and the chance to apply for $200,000 in pre-seed money through investments.WEWORK LABS, THE investment and acceleration division of WeWork India, launched Jumpstart 2024 on Saturday. The program's objectives are to assist early-stage start-ups by introducing them to mentors and the investor community, giving them access to workspaces at a discounted rate, and providing them with a $200,000 seed investment in capital.vStartups and entrepreneurs can get discounted access to workplaces worldwide through WeWork Labs' Growth Campus program. They can also grow their businesses by interacting with mentors, investors, and founders, and they can receive up to $200,000 in pre-seed funding through investments.The arm's goals are to support fledgling companies with idea and product validation, early customer acquisition, market expansion, recruiting, mentorship, and funding.For instance, WeWork will work with founders and carry out the product idea validation using its mentor community within its vast network, explained Arvind Radhakrishnan, associate director and head of WeWork Labs, WeWork India.For example, according to WeWork India's associate director and head of WeWork Labs Arvind Radhakrishnan, WeWork would collaborate with founders and use its extensive network of mentors to validate product ideas."We'll streamline the entire product testing process so that the founder sets up their product for testing in a single conference room. After that, they fill out a brief form with information and leave knowing if their product is useful or not. Would anyone purchase it? "What else should I include in the product roadmap to improve its usefulness?" "And what would the cost be to the people?" Thus, that saves a ton of time, he remarked.Access to WeWork Labs' tech stack, which will aid companies in expanding their operations into new markets, will also be made available through the Growth Campus program. "We identified 13 business building domains for our partner stack, starting from fundamentals like Cloud, Sales, Marketing, Finance, Legal, and even Mental Health," stated Radhakrishnan. WeWork Labs began identifying leaders in these industries with startup-friendly services that address problems with the least amount of friction, he continued. Among the partners are Google, IBM, and AWS. The investment and acceleration division has developed a thesis to identify viable startups and has chosen the consumer services and retail, fintech, healthcare, construction and property tech, and SaaS as their focal areas for further development.WeWork Labs now offers 330 businesses subsidized offices, and by the end of the next year, it hopes to have increased that number to 1,000. WeWork India established its investment and acceleration division in 2018 in an effort to support early-stage companies by providing them with subsidized workspaces and carefully selected founder communities. This was done because the real estate provider was drawing a lot of small-sized teams and enterprises. WeWork Labs did not, however, decide to begin providing financial support for the entrepreneurs until 2023. You are capable of doing all of things, but capital is the kind of fuel that is required. The goal of startups is to turn a profit. WeWork Labs provided funding for our modest start in 2023 after several variations on how to approach this, according to Radhakrishnan."Rather than adding something to the offerings, I think what I want to focus on is being able to deliver it at scale," he said in response to a question about future offerings WeWork Labs wants to add to the program. In addition, he stated that he would like to see the mentorship community grow, enter new markets, serve micromarkets, and switch to larger checks.
Wow! Momo To International Battery Company: $136 million was raised this week by Indian startups
Following the $1 billion that start-ups raised in December, just around one-fourth, or $250 million, has been raised in the first three weeks of January. The start-ups had raised $145 million and $58 million in the preceding two weeks, respectively. Up till the most recent week of January 19, 2024, 21 start-up agreements raised $136 million for startups. Once more, a small number of names dominated the start-up story in the section.There were just 21 deals this week as opposed to 25 deals the previous week. That suggests that there are a lot of middle-tier transactions that typically cost between $4 and $5 million. Due in major part to the significant money raised by start-ups in the second and third week of December 2023, the start-up funding in the most recent week was -41.9% lower than the average of the previous five weeks. This is the tale of the last six weeks' startup fund-raising.The start-up financing for the most recent week, which concluded on January 19, 2024, decreased by -12.4% week over week but significantly decreased by -41.9% when compared to the average of the previous five weeks. The start-up funding for the week really represented the second week in a row that it exceeded $100 million. The start-up funding has remained above $100 million for four of the past six weeks. Though the amount of start-up funding in the last two quarters has remained much lower year over year, it is evident that the momentum from December is carrying over into January as well. This is the tale of the week's biggest start-up fundraising deals, along with the financiers' information and the application of Whoa! Momo receives $42 million to grow its QSR business. Leading QSR start-up brand in India, Wow! Momo, is set to get an investment of $42 million (Rs350 crore) from Khazanah Nasional Bhd, the Malaysian Sovereign Fund. A combination of primary and secondary infusions will be invested. In addition to Khazanah, Wow! Momo's departing investor, OAKS Asset, would provide Rs60 crore to the startup investment round. The company plans to use the capital round to support the quick service restaurant (QSR) brand's rapid growth and expansion. Additionally, money will be used to support R&D and distribution. In addition to its main Wow! Momo brand, other well-known brands it carries include Wow! China and Wow! Chicken.$35 million is secured by International Battery Company (IBC) for its aspirations to expand into India. In Karnataka, India, IBC intends to establish a green battery manufacturing factory for electric vehicles. The $35 million (Rs 291 crore) in finance is meant to extend its plans for manufacturing in India. RTP Global led the fundraising round, which also included Beenext, Veda VC, and other influential international investors with bases in the US and South Korea. IBC is a supplier of rechargeable batteries to its clients in the small mobility industry. Its unit is expected to begin production in 2025. The $35 million investment is a part of RTP Global's Pre-Series-A capital round, in which Beenext, Veda VC, and a few other key US and Korean investors also participated.FinAGG raises $11 million to improve MSMEs' access to finance In its most recent funding round, which was headed by Blue Orchard and Tata Capital, FinAGG raised $11 million (Rs 91.40 crore). The money received will be put toward growing and enhancing FinAGG's offline and online presence. The money will also be used to promote product innovation and expand the company's worldwide reach. By the way, distributors, retailers, and MSMEs involved in a brand's upstream and downstream supply chain can apply for credit solutions from FinAGG. In addition to Blue Orchard and Tata Capital, the fundraising round also involved participation from SIDBI and Prime Venture Partners. Prime is a current FinAGG investor.$6 million is raised by Alt Mobility to expand the EV Asset Management Platform. In 2021, Dev Arora, Anuj Gupta, Manas Arora, Harsh Goyal, and Jayant Gupta launched Alt Mobility. In a Pre-Series-A financing round, it has raised $6 million (Rs50 crore). Shell Ventures, Eurazeo, EV2 Ventures, and Twynam led the funding round. With its asset management platform, Alt Mobility facilitates fast EV fleet management for third parties.
Groyyo Secures $5.4 Mn To Power MSMEs With Manufacturing Solutions
OVERVIEW - Established in July 2021, Groyyo provides manufacturing MSMEs in the fashion and leisure sectors with a centralised platform that enables them to grow and improve their business endeavours.The money will be utilised to strengthen Groyyo's cash reserves and support its strategic goals of revolutionising the manufacturing industry. Groyyo, a business-to-business manufacturing and supply chain enablement startup, has raised INR 40 Cr ($5.4 Mn) from Lighthouse Canton and Trifecta Capital as part of its debt fundraising round. business, which is based in Delhi NCR, plans to use the additional funding to increase its financial reserves and scale up its manufacturing-related strategic projects. Groyyo, which was founded in July 2021 by Subin Mitra, Pratik Tiwari, and Ridam Upadhyay, provides manufacturing micro, small, and medium-sized firms (MSMEs) in the fashion and lifestyle sectors with a centralised platform, enabling them to grow and improve their commercial endeavours. "The additional capital infusion will enable us to collaborate with a wider range of SMEs and support them in expanding their operations worldwide," stated Mitra. He continued by saying that the investment will help the business achieve its objective of enabling South Asian SMEs to expand internationally and digitalize their shop floor through in-house technological solutions. "This is also highly aligned with the Indian government's Made in India initiative, as we relentlessly strive to attract a growing amount of global demand to the subcontinent," he continued. Through an order management tool, the business hopes to offer entry-level technology to overlook small-scale industries in Delhi NCR. It states that it has over 360 factories working for more than 110 companies, generating a wide variety of goods in 150 different categories. Groyyo operates in India as well as the UAE, Bangladesh, Vietnam, and Turkey, which increases efficiency. Additionally, the business says it has reached international stores Inditex, Next, Mango, Ross, and Burlington.In order to expand the team throughout important demand belts in the US and the EU, as well as industrial clusters in Bangladesh and India, the business raised $40 million in debt and equity in its Series A fundraising round earlier in 2022.
Nasdaq-Listed Zoomcar’s India Entity Sees Loss Triple To INR 237 Cr In FY23
OVERVIEWZoomcar India reported a 221 percent surge in net loss to INR 237 crore in FY23 from INR 74 crore in the previous fiscal year. Operating revenue for Zoomcar India fell 27% from INR 94.9 Cr in FY22 to INR 69.1 Cr in FY23. Since launching on the Nasdaq on December 29, 2023, Zoomcar's shares have increased by 38%. After completing a merger of a special purpose acquisition company (SPAC), Zoomcar debuted on the Nasdaq last month. The net loss of its India entity increased by more than 3.2X for the fiscal year that ended on March 31, 2023. In the fiscal year 2022–2023 (FY23), Zoomcar India reported a net loss of INR 237 Cr, a 221% increase from the INR 74 Cr recorded in the prior fiscal year. Founded by David and Greg Moran Zoomcar is a self-driving car rental business that launched in 2013. The startup pairs together hosts and guests, who may rent a variety of cars at reasonable rates. Operating revenue for Zoomcar India fell 27% from INR 94.9 Cr in FY22 to INR 69.1 Cr in FY23. The business gets funding from subscriptions and vehicle rentals, to name a couple. Zoomcar's overall revenue, including other income, decreased 27% from INR 94.9 Cr in FY22 to INR 69.1 Cr in the year under review. 90 percent of Zoomcar's business, according to Moran, came from India in a recent interview with CNBC-TV18. The business is present in Egypt and Indonesia as well. Where Was Zoomcar Expended? Zoomcar India had a 10% decrease in spending from INR 359.1 Cr in FY22 to INR 321.8 Cr in FY23. Employee Benefit Costs: The majority of the startup's expenses were allocated to employee costs. Employee costs made up 39.5% of Zoomcar's total expenses, or INR 127.4 Cr. From INR 119 Cr in FY22, it increased by 7%. Advertising Expenses: The startup spent INR 39.5 Cr, a 37% decrease, on advertising during the year under review from FY22's INR 62.3 Cr. Additionally, it paid for incidental expenses of INR 78.4 Cr. It did not, however, include a breakdown of this expense. Following a business combination with Innovative International Acquisition Corp., a company headquartered in Cayman Islands, Zoomcar began trading on the Nasdaq on December 29. Since listing, the company's shares have increased 38%; as of last trade, they were trading at $5.11. Adarsh Menon, a senior executive at Flipkart and Hindustan Unilever, was appointed president of Zoomcar earlier this month.
India Startup Bags from Atsuya The Genesis Innovator Award
Atsuya Technologies, a deep-tech business based in Chennai, won the National business Awards 2023's Genesis Innovator category. Tuesday night in Delhi, Union Industries Minister Piyush Goyal presented the prizes.Atsuya Technologies, a deep-tech business based in Chennai, won the National business Awards 2023's Genesis Innovator category. Tuesday night in Delhi, Union Industries Minister Piyush Goyal presented the prizes. An agency of the Union government, Startup India, announces the awards each year to honour businesses working on innovative products and solutions across a range of industries.The startup redefines operational excellence in enterprises with a focus on sustainability by utilizing cutting-edge technology like artificial intelligence (AI) and the internet of things (IoT). Atsuya Technologies stated in a press release that the company has been assisting companies across industries in making data-driven decisions, improving profitability, and promoting environmental responsibility with one integrated platform that unlocks many use cases for individual business objectives.The company went on to say that a wide range of industries, including retail, quick-commerce, oil and gas, real estate, HoReCa, and more, were using its products. The business supports 65% of the quick-commerce market and 95% of organized meat retailers in India as a technology partner. In the LPG supply chain, the company also helps to improve safety, visibility, and traceability. According to the statement, companies may reduce resource waste, easily incorporate sustainability into their operations, and move closer to reaching net-zero goals with the help of Atsuya's extensive portfolio of solutions."Deep tech and data are set to drive growth and propel us toward a net-zero economy," stated Rahul Ganapathy, CEO and cofounder of Atsuya. I firmly think that India's startup scene has the capacity to propel our country to the forefront of the world economy. I express my sincere gratitude to Startup India and the Indian government for recognizing this potential and for their steadfast assistance in fostering the expansion of entrepreneurs. Keep up with important tech and startup news. Get our daily newsletter delivered right to your inbox to stay up to date on the newest and most important tech news.Atsuya Technologies of Chennai won the National Startup Awards 2023's "Genesis Innovator" category, which is an accolade given by Startup India to up-and-coming firms nationwide. On January 16, National Startup Day, Union Industries Minister Piyush Goyal delivered the award at a ceremony in Delhi. Atsuya technology leverages cutting-edge technology like artificial intelligence (AI) and the internet of things (IoT) to transform company operations while prioritizing sustainability. According to the firm, the startup, which has been a technology partner to 95% of India's organized meat shops and 65% of the quick-commerce market, is now indispensable. The National Startup Awards honor and promote the innovations and contributions made by companies in a range of sectors.
In a pre-seed round, professional social media platform
In a pre-seed fundraising round headed by FirstCheque VC, Medial App—a professional social media platform for startup ecosystem—raised $120K from angel investors from Bangalore, Mumbai, and the US, including Nayan Jadeja, Rohitashwa Choudhary, Ankit Aggarwal, and Radhakrishnan Ramachandran.With an emphasis on feature expansion and product launch because of encouraging beta app metrics, the business intends to use the additional funding for product development, user acquisition, and testing of core app features. The majority of the funds raised, according to a Medial press statement, will go into user acquisition, app feature testing, and product development.Aishwarya Raj Pandey, Niket Raj Dwivedi, Harsh Dwivedi, and Prateek Kaien established and oversee Medial, a content-driven platform with a strong community spanning IT, product, and UI/UX industries. It serves as a hub for non-clickbait startup news, industry updates, jokes, and advice in an effort to better the community and encourage candid conversations in the workplace.Medial started out as an integrated platform for professionals in the startup business with the aim of becoming a globally relevant employment board and company profile. The app is creating a network for UI/UX designers, business analysts, venture capitalists, product analysts, and budding entrepreneurs.In addition to being a real-identity professional network similar to Github and LinkedIn, Medial provides an anonymous feature as an additional layer to improve the platform. To a lesser extent, Hood (previously Zorro), FishBowl, Blind, and Reddit may potentially pose competition for it.Medial has over 5,000 users in beta testing and intends to fully launch by the end of January 2024., a business social networking platform, raised $120,000 in its pre-seed round thanks to FirstCheque VC. Prominent angels from the US, Mumbai, Bengaluru, and Rohitashwa Choudhary, among others, Ankit Aggarwal, Radhakrishnan Ramachandran, and Nayan Jadeja, took part in the round.In a pre-seed funding round, Medial, a professional social media network, successfully raised $120,000, or around Rs 1 crore. Leading angel investors from Bengaluru, Mumbai, and the US, such as Nayan Jadeja, Rohitashwa Choudhary, Ankit Aggarwal, and Radhakrishnan Ramachandran, participated in the funding lead by FirstCheque VC. Niket Raj Dwivedi, Aishwarya Raj Pandey, Prateek Kaien, and Harsh Dwivedi launched the startup, which intends to offer more than just a standard social media platform. Medial is a community-driven center for information, specializing in tech, product, and UI/UX industries. It delivers industry updates, startup news, and expert guidance in an uncomplicated, non-clickbait way. The startup says the money obtained will go toward user acquisition, product development, and testing of the main features of the app.
Adya.ai Secures Funding To Assist Businesses in Developing Apps for ONDC
The pre-series A investment round of Adya.ai, a startup providing digital commerce solutions, has raised Rs 10.5 crore from investors in Indian Angel Network (IAN) and other strategic investors.According to the company, IAN's investors contributed Rs 3.75 crore, with the remaining funds coming from other key investors.Adya.ai, a technology service partner, was founded in 2023 by Shayak Mazumder, CEO and CTO, Archana Mazumder, COO, and Angad Singh Ahluwalia, CBO. The company employs data science and artificial intelligence (AI) to assist businesses with digitizing. It also provides plug-and-play tech stacks as well as other ONDC integration solutions. Enterprise Tech Startup Adya.ai Secures Funding To Assist Businesses In Developing Apps On ONDC Indian Angel Network (IAN) led the pre-Series A funding round, which brought in INR 10.5 Cr ($1.2 Mn). 'Strategic' investors who wished to remain anonymous also participated in the round. IAN gave the startup INR 3.75 Cr. in funding. Digital commerce and technology solutions provider Adya.ai raised Rs 10.5 crore in a pre-Series A funding round, led by investors from Angel Network such as Uday Chatterjee, Romesh Sobti, Sri Prakash, and Hari Balasubramanian. Indian Angel Network (IAN) provided Rs 3.75 crore to this tranche, along with contributions from other key investors.Adya.ai released a news release stating that the firm plans to utilize the money to strengthen its market position, develop its innovative products, and accelerate the development of AI technology.Adya.ai, a SaaS-based solution for data security and ransomware prevention, was co-founded in 2023 by Angad Singh Ahluwalia, Shayak Mazumdar, and Archana Mazumdar. The answer to find a company's most sensitive data, protect it from undue exposure, and alert management in the event that it is stolen or exploited is said to involve big data and machine learning.According to the Bengaluru-based startup, their system also provides businesses with a dashboard where they can view the files and folders that any customer has access to just clicking on a user. The ONDC's technological service partner, Adya.ai, powers major sectors including retail, logistics, F&B, transportation, credit, insurance, and finance.Adya.ai asserts that its technology marketplace has allowed over ten major enterprise contracts, including partnerships with Canara Bank, Aditya Birla Financial Limited, Hindustan Unilever, and others. The company focuses on areas like CPG, financial services, retail, and mobility. The platform for seed and early-stage investments known as the IAN Group is made up of IAN Fund I, BioAngels, and the IAN Angel Group. With investments in 19 distinct industries, the sector-agnostic fund has helped innovative businesses in India and seven other nations.
TABPS Pets raises funds totaling Rs 6.5Cr.
TABPS Pets Private Limited, a well-known pet food company with its headquarters in Coimbatore, has successfully completed its seed investment round, raising an astounding Rs 6.5 crore. This is a big milestone for the Indian retail pet food market.The pet food firm TABPS Pets has announced that it has raised a total of Rs 6.5 crore from investors, including cricket players Hemang Badhani and KS Bharath. According to the company, the money will be used to enhance manufacturing capacity, widen its networks of distribution, and make investments in R&D to introduce new items. TABPS Pets Private Limited, a well-known pet food company with its headquarters in Coimbatore, has successfully completed its seed investment round, raising an astounding Rs 6.5 crore. This is a big milestone for the Indian retail pet food market. Cricket players Hemang Badhani and K.S. Bharath are two prominent investors who have shown a great deal of interest in this investment round.With a focus on creating pet treats and grooming products enhanced with Ayurvedic advantages, TABPS Pets has made a name for itself in the pet food industry. The company's successful fundraising campaign demonstrates the attention that its dedication to quality and innovation has garnered. The recently obtained funds will be utilized to enhance production capacities, broaden distribution channels, and support R&D projects that will provide innovative and creative products to pet owners.Hemang Badhani and K.S. Bharath, two investors, said how thrilled they were to be a part of TABPS Pets' adventure. "We support the company's commitment to pet welfare and its goals. Hemang Badhani said, "TABPS Pets has shown incredible development, and we are thrilled to be a part of their continued success.This financing success not only establishes TABPS Pets as a major force in the pet food sector but also highlights the expanding significance of inventive and health-conscious product offerings in the Indian pet care retail market. This fundraising round is evidence of the possibilities and prospects of the pet sector in India, as the company looks to expand its offerings and market presence.
The Next Decade in Indian Technology Begins Now
Even though National Startup Day is only in its second year, there is one obvious hint that the businesses it honors are beginning to recognize its increasing importance. Although there was a lot of enthusiasm for the first National Startup Day in 2022, it became louder the following year, and in 2024 it reached a crescendo.Additionally, press releases requesting "quotes" surrounding National Startup Day are circulating like crazy this time around; it looks like the startup PR machine has found its calling.However, there's also a sense that, at least in our opinion, the 2024 National Startup Day will be a turning point for Indian technology. This is as much an Inc42 day as it is a startup day, having witnessed this journey firsthand since the very beginning, even before Startup India entered the scene, and being at the center of it as a watchdog and voice of support.In 2014, when our course started, the term "startup" was unfamiliar and out of the ordinary. Ten years later, it's difficult to ignore or be unaffected by tech startups. As we commemorate our tenth anniversary this year, we can't help but feel a little serendipitous that our path somewhat parallels that of Indian companies.Ten Years Of Startups Coincidentally, the commencement of Startup India's tenth year coincides with its founding in 2015, which has significantly accelerated the tech and startup environment since then. The young of India's hopes of becoming entrepreneurs were sparked in numerous ways by Startup India.In fact, there aren't many economies that can match India's in terms of sheer size when it comes to laws and regulations designed specifically with entrepreneurs in mind. For instance, although other European nations have attempted to adopt it in the past, no other nation has a high-profile "National Startup Day" with festivities and award shows scheduled like India.In the last ten years, startups have developed to the point where they are now a common topic of conversation at dinner parties in millions of homes and have significantly altered India's social and economic landscape. Examples include the widespread use of UPI applications on street corners and the gig economy that these apps are driving. Furthermore, being identified as a company founder naturally raises expectations of wealth and glamour. Over the past ten years, startups have altered how Indians communicate, obtain services, and make purchases, spurring quicker economic growth and innovation. The Indian workforce's productivity has significantly grown because to the startup ecosystem, said Pai.But only through adversity has this maturity emerged. The last two years have arguably demonstrated to us what the difficult part entails: developing companies in an ethical, sustainable, and value-creating manner, rather than focusing solely on valuation.
UNESCO and SFLC.in collaborate to release a guide on online gender-based violence.
A handbook on how to handle online gender-based violence has been released by UNESCO in collaboration with SFLC.in, a legal not-for-profit organization based in Delhi. The guide, titled "How To Defend Your Online Spaces Against Online Gender-Based Violence," will assist in identifying the many forms of online abuse that occur and walk the user through their options for addressing this type of violence. The guide is accessible in Malayalam, Hindi, Marathi, and English. Downloads for it are available on the SFLC.in website.The legal not-for-profit organization SFLC.in, situated in Delhi, has released a guide on handling online gender-based violence (OGBV) in collaboration with UNESCO. Users of online spaces are the target audience for the guide, "How To Defend Your Online Spaces Against Online Gender-Based Violence. " The guide assists in recognizing the different forms of online abuse that occur and walks the user through the resources that may be available to them in order to stop this kind of violence. The guide is accessible in Malayalam, Hindi, Marathi, and English. Downloads for it are available on the SFLC.in website.In addition, SFLC.in arranged a learning call (webinar) to address the prevalence of OGBV and self-defense measures that women can take in conjunction with the release of this guide. Emma Gibson, the Chief Executive Women Leading AI, Mahima Kaul, the Head of Public Policy, APAC at Bumble, and Bishakha Dutta, the Co-Founder and Executive Director at Point of View, participated in a panel discussion on the subject of OGBV during the learning call. The panel was moderated by Prasanth Sugathan, the Legal Director of SFLC.in.Due to the common misconception that online space is less real or tangible than the physical world, Indian courts often treat cases of online violence against women as less serious than physical violence, according to a recent study on the subject that was based on an analysis of 94 court cases."Online Gender-Based Violence emerges as a formidable threat, casting a dark shadow on the active participation of women and marginalized communities in the digital realm," stated Radhika Jhalani, Legal Counsel of SFLC.in, speaking on the occasion. The internet has been praised as a wonderful equalizer, but when it comes to giving a free and open place, its promise is betrayed when women come across hate speech online. Unfortunately, a lot of people lack the comprehension necessary to identify violent acts or pursue justice. The extensive guide on SFLC.in, which is available in a number of languages, aims to empower users by illuminating the various manifestations of gender-based violence. The guide provides users with the necessary knowledge to identify and address these difficulties through easily understood language and visuals. Our unwavering conviction in a just, transparent, and feministThe educational resource from UNESCO and SFLC.in is intended to assist users in recognizing and comprehending what constitutes online gender violence (OGBV) as well as guiding them via available resources. The guide addresses the following offenses: voyeurism, hate speech, identity theft, non-consensual distribution of private and intimate images or videos, doxing, morphing (including deepfakes), online sextortion or exploitation, cyberstalking, cyberflashing, cyberstalking, and offenses targeting minors.
A program for mass export development is launched by the India SME Forum. IndiaXports
India's first mass export development program, called "IndiaXports," was introduced during the Regional MSME Exports Summit by the non-profit India SME Forum, which serv es small and medium-sized enterprises."The launch of IndiaXports marks a transformative milestone in our pursuit to elevate this contribution and empower MSMEs." "The percentage of MSMEs' exports saw an upward trajectory, rising from 43.59% in FY22 to 45.03% in FY23," he continued. According to Vinod Kumar, President of the India SME Forum, "At the same time, the strong growth in the number of registered MSMEs, now totaling 3.16 crore, has contributed significantly to an impressive employment record of 15.5 crore as of December, 2023."At the Regional MSME Exports Summit, the India SME Forum (ISF), the country's non-governmental, nonprofit organization for small and medium-sized enterprises, announced the launch of IndiaXports, the country's first mass export development initiative. The program, which was unveiled in November 2023 by Santosh Sarangi, IAS, Director General of Foreign Trade, and Narayan Rane, Union Minister of MSME, will enable 200,000 first-time exporters to reach international markets. Through training, the initiative will assist MSME exporters in maximizing the export potential of their products. It will also help them with business fundamentals including identifying new export markets, comprehending phytosanitary regulations, acquiring global certifications, and fulfilling quality requirements specific to MSME goods.Vinod Kumar, President of the India SME Forum, stated during his speech at the summit that MSMEs presently account for roughly 50% of exports and one third of India's GDP. Launching IndiaXports is a revolutionary step in our quest to elevate this contribution and empower MSMEs. "The proportion of MSMEs' exports saw an upward trajectory, rising from 43.59 percent in FY22 to 45.03 percent in FY23," he continued. Parallel to this, there has been a notable increase in the number of MSMEs that have registered, reaching 3.16 crore as of December 2023, which has greatly boosted employment at 15.5 crore.Experts at the summit suggested assessing profitable export markets using factors like economic development, demographics, trade agreements, and policy changes in order to allay the worries of MSMEs. Giants in e-commerce like Amazon and Alibaba are important because they draw attention to the necessity of encouraging government regulations. According to Grégory Goba-Blé, MD of UPS - India, "Partnerships and collaborations are essential to any business." The goal of the collaboration between UPS, the India SME Forum, and the Ministry of MSME is to help MSMEs reach new heights of development and expand their export market potential. In order for MSMEs to overcome obstacles and substantially contribute to India's ambitions for global commerce, this concentrated effort aims to provide complete know-how to negotiate the needs of cross-border trade."One of UPS's top priorities is supporting women and advancing their contribution to trade," stated Christina Struller, vice president of corporate affairs at UPS. With the Women Exporters Program, we're dedicated to assisting the expansion of women-owned enterprises in collaboration with the Ministry of MSME and the India SME Forum. Our mission is to provide women-owned companies with the tools and information they need to expand internationally. The economy benefits when we assist women in achieving success.Two survey papers, "Navigating Global Markets: Unveiling the Potential of a $300 Billion Opportunity in Exports" and "Festive E-Commerce Trends Empowering MSME Trends in India," were also released during the conference. They highlighted the following important recommendations: Incentives to register on Udyam and data mapping of MSME exports using departments already in place are two examples of developing a mechanism to precisely track MSME exports. Increased exports via e-commerce, a 50% payment variation clause, an annual financial reconciliation process, no import duties on returns or rejects, and the establishment of a dedicated green channel with unique customs codes for quicker and more efficient customs clearance are just a few of the initiatives being considered. ● Establishing an all-in-one information portal channel for exporters with extensive resources, an easy-to-use interface, current information, and assistance and support at 3Prominent attendees at the summit included over 200 MSMEs, government representatives, industry experts, and Rahul Ahluwalia, Founding Director, Foundation for Economic Development; Manasvi Srivastava, Partner, International Trade & Indirect Taxes, KPMG; and Sunil Jha, Zonal Head Transaction Banking, ICICI Bank.
Govind Kumar is appointed by upGrad to head the B2C segment for Working Professionals.
In an effort to expand its business in India, the dtech company upGrad named Govind Kumar as President of the Working Professionals (B2C) segment.According to a statement from upGrad, Kumar will take on a new role that will see him oversee sales, marketing, and content for the company's long-format university courses as well as grow its operational footprint across the nation.Kumar was the Vice President in charge of Hopscotch's India business for almost three years, specializing in kidswear. Kumar worked for Walmart-backed Flipkart for more than eight years before that.He will oversee marketing, sales, and content to fortifyGrad's long-format university-led course business is growing its national operational presence to improve P&L.Bengaluru, January 15, 2024: Govind Kumar has been appointed as President of Working Professionals (B2C) by upGrad, one of Asia's top integrated learning, skilling, and workforce development firms, as the company expands its activities in India.Formerly in charge of Hopscotch's operations in India, Govind spearheaded plans to turn the company into a D2C giant in the kid's fashion market. In order to grow UpGrad's business of university-led long-format courses and increase its operational footprint across the nation for a better P&L, he will oversee sales, marketing, and content. Along with his ten years of retail and consumer sector experience, Govind will lead upGrad's technological advancements to guarantee the best possible product-market fit. "The working professional (B2C) segment is upGrad's DNA, with which it was born," said Mayank Kumar, co-founder and MD of upGrad, welcoming Govind in his new role. "The increased YoY growth, both in terms of enrolment and market share dominance, demonstrates our commitment to delivering excellence." Now that we've had a great impact on a million lives, it's time to step up our efforts even more with an eye toward financial success. Since the segment is a symbol of trust for both current and potential students, Govind's track record of fostering category expansion, user growth, and product excellence will upGrad's brand leadership in the marketplace.Govind has previously held executive positions at a number of other well-known companies, including Flipkart, ITC Ltd., and Indian Terrain Clothing.India is one of the few nations in the world today with the highest percentage of young people and the greatest potential for knowledge contribution. I therefore see this position as a fantastic chance to have a deeper understanding of the ecosystem and make a direct effect. As a brand, upGrad has already established itself and dispelled a number of myths around upskilling. Govind Kumar continued, "Now is the time to get to know the brand personally and use my experience to contribute to its unmatched growth." Govind, an NIFT alumnus with extensive experience in e-commerce, will be stationed in upGrad's Bengaluru, IN office.
Imran Khans party in Pakistan loses its cricket bat electoral symbol
The Imran Khan-led PTI Takes Away "Cricket Bat" Symbol When SC Says Internal Polls Are "Null and Void"The Pakistan Tehreek-e-Insaf (PTI) intra-party elections were declared unlawful by the Supreme Court of Pakistan late on Saturday night, according to PTI. It ended the contentious discussion over the selection of the famous electoral symbol by stripping the party of the "bat" as an election symbol. The verdict of a two-member bench of the Peshawar High Court (PHC) on Wednesday, which confirmed the PTI party's elections and reinstated the cricket bat as its electoral symbol, was challenged by the Election Commission of Pakistan (ECP).A three-judge panel made up of Chief Justice Qazi Faez Isa, Justice Muhammad Ali Mazhar, and Justice Musarrat Hilali heard the ECP's petition and then reserved their decision, which was made public late on Saturday night.In a ruling that was read aloud by the chief justice, the highest court declared that it would "set aside the PHC judgement and restore the ECP judgement," which had declared the PTI's intra-party elections null and void and removed the party's 'bat' insignia. The controversy around the election symbol started on December 22, when the ECP rejected surveys conducted within the party, depriving the party of its electoral emblem for the February 8 election.The Peshawar High Court, which received a petition from the party, suspended the ECP ruling on December 26 with an interim order.On January 3, the high court overturned the order when the election administration challenged the verdict. The PHC further declared that a two-judge bench will hear arguments over the PTI bat emblem. The ECP challenged the tribunal's ruling before the Supreme Court, but the two-member panel decided to reinstate the "bat" as a PTI insignia.The PTI has traditionally used a bat as its insignia, and it is said that stripping the party of this iconic image would require its candidates to run on different signs, which would confuse party members in rural areas on election day.In addition, the PTI would not be able to claim reserved seats in the national and provincial legislatures, which are split into parties according to the proportion of seats won in elections, if they did not have a single emblem. Barrister Khan has expressed concern that the PTI would suffer a significant loss if these seats in the national and provincial assemblies were lost in the absence of a party insignia. PTI's Ali Zafar responded to the Supreme Court's ruling by saying that, although history will decide the outcome, the PTI candidate would have to run without a common symbol right away."The symbol has been removed by the court, but the party remains a registered entity." All of our candidates would run as independents in accordance with our policy, he was cited by PTI in its story. PTI chairman Barrister Gohar Khan claimed that the political rights of the PTI and its supporters had been violated and expressed shock at the decision.
Nagaland is the second stop of Rahul Gandhis Bharat Jodo Nyay Yatra, after Manipur.
Senior Congressmen Rahul Gandhi and others left for Manipur in anticipation of the party's "Bharat Jodo Nyay Yatra."As the party prepares to launch its 'Bharat Jodo Nyay Yatra,' former Congress president Rahul Gandhi, accompanied by other prominent figures including Salman Khurshid, Digvijaya Singh, and Ashok Gehlot, departed for Manipur on Sunday. The yatra would begin at a private location in the Thoubal district and travel through 100 Lok Sabha seats spread over 15 states. The district of Thoubal in Manipur's Khongjom is gearing up for the Congress march.News agency ANI earlier claimed that a special IndiGo flight meant to transport Congress officials to Imphal for the Bharat Jodo Nyay Yatra was delayed at the Delhi Airport.In the meantime, ahead of the Yatra, numerous hoardings and enormous cutouts of Rahul Gandhi were placed on the streets. Gandhi's Yatra will begin today in Thoubal and travel approximately 6,700 kilometers in 67 days, passing through 110 districts.The images from Thoubal, where the preparations were well underway, were released by ANI. Congressman Rahul Gandhi honored World War II soldiers at the Kohima War Cemetery in Nagaland on Tuesday as the third day of his Bharat Jodo Nyay Yatra began in Kohima. The 53-year-old left Thoubal, Manipur, to begin the Yatra.Leader of the Hamro Party Ajoy Edwards, who won the local body elections in Darjeeling in 2023, departed for Imphal on Saturday, January 13, in order to accompany Rahul Gandhi on his Bharat Jodo Nyay Yatra, which is scheduled to begin on Sunday, January 14. The Nyay Yatra intends to travel more than 6,000 kilometers in total and is anticipated to arrive in Mumbai by the middle of March.A general overview of the new political alignment that is developing in the hills may be found in Edwards' involvement in the rally. Planning overseas with friends in the INDIA (Indian National Developmental Inclusive Alliance) grouping suggests that the Indian National Congress is trying to pursue a cooperative strategy. One goal would undoubtedly be to retain the Darjeeling parliamentary constituency, where the Congress formerly held a majority."A political party is organizing the yatra, but anyone in need of justice is welcome to participate in the march. According to Edwards, "We are walking for the Gorkhas who need justice," The Telegraph reported.In the North Bengal tea belt, where it had a long-standing strong base along with its trade union front, INTUC, the Congress has been trying to win back support there. Party insiders claim that after Edwards' December meeting with Gandhi, there were signs that the Hamro Party was inclined toward working with the Congress and could perhaps join the INDIA group. Gandhi will traverse Manipur to Assam on his yatra, and four days later, he would pass into Bengal from Baxirhat, which is located on the Assam–Bengal interstate boundary.According to The Telegraph, which cited party sources, the Nyay Yatra is scheduled to pass through Cooch Behar on January 26, Republic Day, when it arrives in Bengal.
DroneAcharya secures tender from Indian Army
In order to provide advanced drone pilot instruction and GIS (geographic information system) training for twenty officers from the Northern Command Pre-Induction instruction School at Bhalra, Jammu and Kashmir, DroneAcharya Aerial Innovations Limited has obtained a Defence Tender worth Rs 11.8 lakh.The importance of drones in defense has grown more apparent in the wake of recent international events, such as the conflict between Russia and Ukraine. According to a statement, India is actively investing in the development of drone capabilities in recognition of this trend, as seen by the increase in national bids for drone training and procurement.DroneAcharya Wins Indian Army Tender worth INR 11,80,000.00 for Advanced Drone Pilot and GIS Training for Northern Command Officers in Jammu and Kashmir.An important defense contract for INR 11,80,000.00 is secured by DroneAcharya Aerial Innovations Limited to educate 20 officers in GIS and advanced drone piloting at the Northern Command Pre-Induction Training School in Bhalra, Jammu & Kashmir. This significant event highlights how drones are becoming more and more integrated into the Indian Defense System, highlighting the necessity of expert training. Modules including Night Flying, Challenging Maneuvers, Emergency Response, Data Processing, and Image Interpretation are included in the extensive 14-day on-site curriculum. DroneAcharya is the only Private DGCA Certified Drone Pilot Training Organization in India. It has trained more than 200 drone pilots for Defense companies around the country and completed more than 580 trainings on Digital Sky.Twenty officers would receive advanced drone pilot and Geographic Information System (GIS) training at the Northern Command Pre-Induction Training School in Bhalra, Jammu and Kashmir, as per the terms of the contract. This success not only shows how skilled DroneAcharya is, but also how important professional drone training is becoming to the Indian Defense System. The 14-day onsite curriculum offered by DroneAcharya includes a variety of modules covering key aspects of drone operations. The training covers specialized subjects like image interpretation, emergency response, night flying, challenging maneuvers, and data processing. This methodical and comprehensive approach emphasizes both operational and analytical skills to guarantee that the participating officers receivEmergency Response training, which guarantees a prompt and efficient response to unforeseen events, significantly boosts the efficacy of Defense drone operations. Being the only Private Directorate General of Civil Aviation (DGCA) Certified Drone Pilot Training Organization in India, DroneAcharya is a pioneer in the area. The company's track record of surpassing 580 trainings on Digital Sky and offering over 200 drone pilot trainings for Defense organizations nationwide demonstrates its dedication to excellence and experience in drone training. The winning of this defense contract represents a significant step forward in the integration of drones into the Indian armed forces. Professional training is becoming increasingly important as drone skills become more and more in demand.
The King Farmers Cohort initiative is launched by BioPrime AgriSolutions.
With the introduction of its "King Farmers Cohort" program, BioPrime AgriSolutions, a top biotechnology business that specializes in creating innovative agri-biologicals, is transforming farmer empowerment.By equipping farmers with specialized information and skills specific to their crops and areas, this project helps them thrive in the dynamic agricultural landscape. In order to guarantee that they receive thorough business and technical assistance throughout the full crop cycle, cohort participants will benefit from a combination of specialized technical training sessions, mentorships, one-on-one assistance, and group farm visits.Beyond only maximizing output, the King Farmers Cohort promotes a holistic approach to farming that prioritizes important areas such as increasing profitability, managing soil health, and adopting climate-resilient methods.The "King Farmers Cohort" program was launched by famous biotechnology company BioPrime AgriSolutions, which specializes in advanced agri-biologicals. The program's goal is to give farmers access to crop- and region-specific knowledge so they may prosper in the ever-changing agricultural landscape. The "King Farmers Cohort" program, according to BioPrime AgriSolutions, stresses a holistic approach to agriculture, concentrating on crucial elements including soil health management, climate-resilient practices, and profitability enhancement. In order to address the unique needs of farmers and provide them with the tools they need to adapt to changing climates and enhance soil health, which is crucial for sustainable success, the company intends to hold four specialized technical training sessions with eminent researchers and innovators as the instructors.Beyond the classroom, the curriculum includes field trips and harvest days in certain farmer fields to give participants real-world experience, motivation, and networking opportunities. This method promotes peer-to-peer learning, allowing participants to share best practices derived from practical experiences and work together to address shared difficulties. BioPrime AgriSolutions promotes a helpful environment that is conducive to problem-solving by highlighting the need of learning from peers with a variety of skills.In order to honor exceptional accomplishments in productivity, financial gain, and environmental responsibility, BioPrime AgriSolutions intends to host a farewell celebration for each cohort. By recognizing their accomplishments and encouraging them to reach their full potential, the company hopes to inspire farmers.The program's emphasis on sustainability and farmer empowerment was emphasized by Dr. Renuka Diwan, Co-Founder & CEO of BioPrime AgriSolutions, who said, "Empowering farmers isn't just about higher yields; it's also about equipping them to be sustainable." In this evolving environment, the King Farmers Cohort serves as a catalyst by combining resources and offering assistance to farmers in the path towards a sustainable and profitable future. With the "King Farmers Cohort" program, BioPrime AgriSolutions has set high goals: by 2024, the company wants to create 20 cohorts spanning 10 crops, 10 regions, and 3 states. Through this project, the corporation hopes to affect 10,000 acres of land and more than 1,000 farmers. Furthermore, BioPrime AgriSolutions is inviting additional businesses and academic institutions to collaborate with leading scientists in order to support the program's success.In Maharashtra, the first cohort was introduced with an emphasis on onions and included 40 farmers who farmed more than 1000 acres. To increase the program's impact and reach, future cohorts will concentrate on a variety of crops, including potatoes, pomegranates, chilies, tomatoes, soybeans, and grapes, among others.
The Udhyam Learning Foundation honors one hundred young businesspeople.
Sarvo Udhyam’ in conjunction with Udhyam Learning Foundation inaugurated its National Alumni Community on January 11, on the eve of National Youth Day to commemorate the spirit and achievements of the 100 young entrepreneurs who graduated from Udhyam’s Youth Business Projects.Sarvo Udhyam’ strives to provide a structured forum for peer sharing, knowledge exchange, mentorship, and collaborative growth opportunities.January 12, 2024, New Delhi: On National Youth Day, "Sarvo Udhyam" and the Udhyam Learning Foundation celebrated by launching the National Alumni Community at The Grand Orion in New Delhi. The occasion celebrated the achievements of 100 young entrepreneurs who completed Udhyam's Youth Business Projects, together producing over INR 4 crores in business within just over two years. Seeing the enormous potential of India's youth—more than 600 million people under the age of 25—the event included Udhyam Youth Business Projects Initiative graduates. During a panel discussion, successful startup founders such as Sairee Chahal, the founder of Sheros, and Mr. Brijesh Aggarwal, co-founder and director of IndiaMART, presented their perspectives and talked about the difficulties experienced by aspiring business owners."We are happy to cultivate a dynamic community wherein the flourishing of the entrepreneurial spirit of the youth takes center stage," stated Mekin Maheshwari, CEO and Founder of Udhyam Learning Foundation. Our goal is to empower young people by giving them the information and skills necessary to succeed in entrepreneurship, as well as by creating an atmosphere that will enable them to easily apply what they have learned to take meaningful action. "Sarvo-Udhyam" is a community where the entrepreneurial mindset is realized rather than merely an alumni chapter.Prominent entrepreneurs promised these new companies their quick support during the event. Among the initiatives were free India Mart subscriptions, accounting software, and legal and compliance advice from Mr. Brijesh Aggarwal. Rajeev Talreja also promised to provide the young group a complimentary three-day business course. Across a wide range of industries, including software services, apparel, food, electronics, marketing, cosmetics, education, and the arts, these entrepreneurs have built profitable companies that have employed several people and brought in over INR 4 crores in revenue.
Tomorrow, PM Modi will open the 27th National Youth Festival in Nashik, Maharashtra.
Tomorrow, on the anniversary of Swami Vivekananda's birth, Prime Minister Narendra of Maharashtra will open the 27th National Youth Festival in Nashik to commemorate National Youth Day. The four-day event has "Viksit Bharat@2047" as its subject.The "Atal Bihari Vajpayee Sewri - Nhava Sheva Atal Setu" will also be inaugurated later by the prime minister. Mr. Modi had already placed the bridge's foundation stone in December 2016. The 21.8-kilometer, six-lane bridge was constructed at an estimated cost of approximately 17,840 crore rupees. Its purpose is to facilitate faster connection between Mumbai and Pune, Goa, and South India. It is noteworthy for being India's longest sea bridge.In closing, Mr. Modi will speak at a public event in Navi Mumbai, where he will dedicate, inaugurate, and lay the cornerstone for several development projects totaling over 12,700 crore rupees. Phase 2 of the Uran-Kharkopar railway line, the opening of the first phase of the Surya Regional Bulk Drinking Water project, the construction of the underground road tunnel connecting Eastern Freeway's Orange Gate to Marine Drive, and the opening of the new suburban station "Digha Gaon" on the Thane-Vashi/Panvel Trans-harbour line are a few of these.Additionally, the Prime Minister will open "Bharat Ratnam," a Mega Common Facilitation Center at the Santacruz Electronic Export Processing Zone-Special Economic Zone (SEEPZ SEZ) for the Gem and Jewellery industry. Namo Mahila Shashaktikaran Abhiyaan, which intends to empower women in the State by offering skill development training and exposure to entrepreneurial development, would be introduced by the prime minister.On January 12, Prime Minister Shri Narendra Modi will speak to the nation's youth during the 27th National Youth Festival in Nashik, Maharashtra.
