The post Top 5 Agri Startups Shaping Modern Farming in India first appeared on Corp India News.
]]>In this article, we’ll spotlight the top five agriculture startups reshaping modern farming in India, analyze their contributions, and delve into why they matter for the future.
1. Ninjacart: Revolutionizing Supply Chain Management
The supply chain has always been a major pain point in Indian agriculture. Ninjacart, founded in 2015 and headquartered in Bangalore, has emerged as a leader in addressing this challenge. This agri-tech startup connects farmers directly with retailers, eliminating middlemen and ensuring fresh produce reaches customers efficiently.
How Ninjacart Works
- It employs data analytics to predict demand and reduce wastage.
- Farmers, retailers, and distributors communicate seamlessly through its tech-driven platform.
- The model eliminates inefficiencies in traditional supply chains.
Achievements and Impact
- Post-harvest losses have been reduced by 25%.
- Over 100,000 farmers and 60 cities benefit from their streamlined delivery system.
- Enhanced farm incomes by connecting growers directly with markets.
According to Corp India News, Ninjacart’s approach is a game-changer in reducing logistical challenges. With its innovative solutions, the company is setting new standards in supply chain management.
2. DeHaat: A One-Stop Solution for Farmers
DeHaat, founded in Patna, Bihar, provides an integrated platform for farmers. Offering services from advisory support to access to inputs and market linkages, it has become a go-to solution for small-scale farmers.
What Makes DeHaat Unique?
- AI-powered advisory services offer personalized crop and weather recommendations.
- Farmers can purchase seeds, fertilizers, and other inputs directly on the platform.
- A transparent pricing mechanism ensures farmers get the best market rates.
Key Milestones
- Serves 2 million farmers across 10 states.
- Secured $115 million in funding for its expansion plans.
- Helped farmers increase profitability by up to 30%.
Corp India News has consistently highlighted DeHaat as a farmer-centric platform that simplifies complex agricultural processes. The startup’s holistic model addresses multiple pain points, empowering India’s small and marginal farmers.
3. AgroStar: Empowering Farmers with Technology
AgroStar, based in Pune, focuses on empowering farmers by bringing technology to their fingertips. Through its mobile app, farmers can access crop-specific guidance and purchase essential farming supplies online.
Core Features of AgroStar
- Offers a user-friendly mobile platform for ordering seeds, fertilizers, and equipment.
- Provides real-time weather forecasts and pest control tips.
- Employs AI-driven insights to guide farmers in improving crop yields.
Remarkable Contributions
- Over 5 million farmers actively use AgroStar’s platform.
- Crop yields have increased by 15–20% among its users.
- Partners with government initiatives to expand access to digital agriculture.
By using simple smartphones, AgroStar is empowering even small-scale farmers to make data-driven decisions. This digital-first approach has earned praise from Corp India News as a significant contributor to India’s growing digital agriculture movement.
4. Stellapps: Driving Smart Dairy Farming
India’s dairy sector, which forms a large part of its agricultural economy, is also experiencing a tech makeover, thanks to Stellapps. Founded in 2011, this Bangalore-based company leverages IoT and machine learning to enhance dairy farming efficiency.
Innovations by Stellapps
- Automates processes like milking, milk quality testing, and herd health tracking.
- Digitizes the milk supply chain, ensuring traceability and transparency.
- Offers financial services tailored to dairy farmers’ needs.
Achievements
- Works with over 3 million dairy farmers across India.
- Boosted milk productivity by 25%.
- Enabled farmers to reduce costs through better resource management.
Stellapps’ technology-driven approach has proven instrumental in improving livelihoods in rural India. Its ability to digitize the dairy sector has been extensively covered by Corp India News as a shining example of innovation meeting traditional farming.
5. Fasal: Revolutionizing Precision Farming
Fasal, another Bangalore-based startup, is bringing precision farming to the forefront of Indian agriculture. Using IoT sensors and AI, it equips farmers with real-time insights for better resource management.
How Fasal Works
- IoT devices monitor critical factors like soil health, moisture, and weather conditions.
- Farmers receive alerts for irrigation, fertilization, and pest management.
- Data-driven recommendations reduce waste and optimize yields.
Impact
- Farmers have reduced water usage by 40% on average.
- Crop productivity has increased by up to 30%.
- Serves over 10,000 farmers, helping them adopt sustainable practices.
With its focus on sustainability, Fasal is enabling farmers to save both resources and money. Corp India News lauds Fasal as a startup that combines innovation and environmental stewardship.
Why These Startups Are Transforming Agriculture
Addressing Key Challenges
Indian agriculture has long been plagued by issues like inefficient supply chains, resource wastage, and lack of access to modern tools. These startups address these challenges head-on, providing tech-driven solutions that were once unimaginable.
Promoting Sustainability
By promoting precision farming and reducing resource usage, these startups are contributing to India’s sustainable development goals.
Empowering Farmers
From increasing profitability to offering easy access to inputs and markets, these startups empower farmers to improve their livelihoods and adapt to modern challenges.
Fostering Economic Growth
With agriculture forming the backbone of India’s economy, the innovations introduced by these startups are helping boost productivity and contribute to GDP growth.
Agri Startups Growth in India: Transforming the Future of Farming
As Corp India News highlights, the growth of these startups is reshaping the agricultural landscape, bringing new hope to farmers across the nation.
The Rise of Agri Startups in India
India has witnessed an unprecedented surge in agri startups over the past decade.
- In 2014-15, the country had fewer than 50 agri startups.
- By 2024, this number skyrocketed to over 7,000 startups, according to Corp India News.
- The rapid growth reflects a strong ecosystem fueled by innovation, technology, and government backing.
This exponential rise showcases the sector’s potential to address critical farming challenges and drive rural development.
Funding Trends in the Agritech Sector
Agritech startups in India have attracted significant funding in recent years, with notable fluctuations.
- Between 2014 and 2024, these startups raised $1.3 billion in late-stage funding through 41 deals (Statista).
- In FY 2023, agritech startups secured $706 million in funding, reflecting a decline from previous years but still indicating sustained investor interest.
Despite challenges, the growing interest in agritech underscores its potential to revolutionize farming practices.
Key Drivers of Growth
1. Government Initiatives
The Indian government has played a pivotal role in fostering the growth of agritech startups.
- An Agri Accelerator Fund of INR 300 crore was announced for 2023-24, aimed at scaling innovative technologies.
- The Innovation and Agri-Entrepreneurship Development programme has supported over 1,700 startups with Rs 122.50 crore in funding over the past five years (Economic Times).
These initiatives create a nurturing environment for startups to thrive.
2. Emerging Technologies
Agri startups in India are leveraging cutting-edge technologies like AI, IoT, and data analytics to solve critical challenges.
- Over 1,300 startups are using these technologies to enhance productivity and efficiency.
- Solutions range from precision farming tools to automated supply chains.
Corp India News highlights how these innovations are bridging the gap between farmers and technology.
Achievements of Agri Startups
The impact of these startups is evident in their contributions to the agricultural ecosystem:
- Supply Chain Efficiency: Startups like Ninjacart streamline logistics, reducing wastage by 25%.
- Farmer Empowerment: Platforms such as DeHaat have helped farmers boost profitability by up to 30%.
- Sustainability: Companies like Fasal promote resource optimization, reducing water usage by 40%.
These achievements are driving transformative changes in farming practices.
Challenges in Scaling Up
Despite their success, many agri startups face hurdles:
- Scaling operations to a pan-India level remains difficult.
- Innovation in certain areas lags, limiting growth potential.
However, India’s improving position in the Global Innovation Index (46th in 2021) suggests a positive outlook for overcoming these challenges.
Why Agri Startups Matter
Agri startups are not just businesses; they are catalysts for change in India’s agricultural ecosystem.
Their Contributions:
- Empowering Farmers: Providing access to markets, better prices, and modern tools.
- Sustainability: Promoting environmentally friendly farming practices.
- Economic Growth: Boosting rural incomes and contributing to GDP growth.
As Corp India News points out, these startups are not only solving problems but also redefining farming as a lucrative and sustainable profession.
India’s agritech sector is at the forefront of agricultural transformation. With over 7,000 startups driving innovation and sustainability, the future of Indian farming looks bright.
Conclusion
India’s agricultural startups are rewriting the rules of farming. From Ninjacart’s supply chain solutions to Fasal’s precision farming, each company is solving age-old problems with cutting-edge technologies. As highlighted by Corp India News, the combined efforts of these startups and government initiatives are ensuring a better livelihood for farmers while addressing critical agricultural challenges.
The efforts of these innovators reflect a brighter future for Indian agriculture, where farmers are no longer bound by traditional constraints. With access to technology, resources, and modern solutions, they can now compete on a global scale.
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]]>The post Green Startups India: Innovating for a Cleaner Tomorrow first appeared on Corp India News.
]]>Ather Energy: Revolutionizing Urban Transport
Ather Energy, founded in 2013 by Tarun Mehta and Swapnil Jain, is transforming urban mobility with its electric scooters. Designed for efficiency and sustainability, Ather’s vehicles are powered by smart technology that optimizes battery usage and provides real-time updates. The company has also established ‘Ather Grid,’ a network of fast-charging stations across Indian cities.
By promoting electric mobility, Ather Energy reduces dependence on fossil fuels and contributes to cleaner air. Its vision aligns perfectly with India’s goal of achieving net-zero emissions. As highlighted by Corp India News, Ather’s initiatives exemplify how startups can lead the green mobility revolution.
Ather Energy’s focus on design and innovation has earned it a loyal customer base. Their flagship models, Ather 450X and Ather 450 Plus, are packed with features like touchscreen dashboards and advanced diagnostics. By setting benchmarks in the electric two-wheeler market, Ather Energy inspires other companies to adopt sustainable practices.
ZunRoof: Harnessing Solar Energy
ZunRoof, founded in 2016 by Pranesh Chaudhary and Sushant Sachan, specializes in residential solar rooftop solutions, enabling households to generate their own electricity sustainably. With user-friendly designs and affordable installations, ZunRoof empowers homeowners to reduce their carbon footprint while lowering electricity bills.
Since its inception in 2016, ZunRoof has designed over 30,000 solar systems. The startup’s efforts not only encourage clean energy adoption but also support India’s transition to renewable energy sources. ZunRoof’s innovative approach showcases how technology can drive sustainability at the grassroots level.
The company also integrates smart home solutions, allowing users to monitor energy consumption in real-time. This added functionality helps users make informed decisions, further enhancing their commitment to sustainability. ZunRoof’s dual focus on energy efficiency and consumer empowerment is a model for other green startups.3
Yulu: Eco-Friendly Urban Mobility
Yulu, co-founded by Amit Gupta, RK Misra, Naveen Dachuri, and Hemant Gupta in 2017, is redefining short-distance urban travel with its fleet of electric bikes and scooters. By offering a convenient and affordable alternative to traditional vehicles, Yulu reduces traffic congestion and air pollution.
The company’s use of IoT and AI ensures optimal fleet management and rider convenience. Yulu’s solutions are a step forward in creating sustainable cities, a mission frequently celebrated by platforms like Corp India News for its transformative impact on urban mobility.
Yulu’s pay-per-use model is especially appealing to city dwellers. It eliminates the need for vehicle ownership, thereby reducing the demand for resources required to manufacture new vehicles. The startup’s commitment to reducing urban pollution makes it a vital player in India’s green movement.
BluSmart: India’s Electric Ride-Sharing Pioneer
BluSmart, founded in 2019 by Anmol Singh Jaggi, Puneed Singh Jaggi, and Punit K Goyal, is the country’s first all-electric ride-sharing platform. It offers zero-emission transportation options while ensuring a seamless user experience. With a focus on safety, sustainability, and affordability, BluSmart aims to revolutionize how people commute.
The startup operates a fully electric fleet, reducing carbon emissions significantly. By integrating green technology into the ride-sharing economy, BluSmart is setting an example for the industry to follow.
BluSmart also addresses issues like driver welfare by offering fixed salaries instead of commission-based earnings. This not only improves the quality of life for drivers but also ensures better service for customers. The startup’s holistic approach underscores the potential of sustainable business models.
Banyan Nation: Revolutionizing Plastic Recycling
Banyan Nation, founded by Mani Vajipeyajula and Rajkiran Madangopal, tackles the plastic waste crisis by recycling industrial plastic into high-quality materials. The startup’s innovative methods promote a circular economy and reduce landfill waste. Banyan Nation also works closely with informal waste collectors, ensuring ethical and inclusive practices.
Recognized for its pioneering efforts, Banyan Nation exemplifies how startups can turn environmental challenges into opportunities for innovation and social impact.
The company’s proprietary technology cleans and processes plastic waste to produce near-virgin quality recycled plastic. This material is then used by leading brands, demonstrating the viability of sustainable alternatives. Banyan Nation’s achievements highlight the role of technology in solving environmental issues.
Beco: Sustainable Everyday Products
Beco, founded in 2017 by Anuj Ruia, Akshay Verma, and Aditya Ruia, produces biodegradable and eco-friendly alternatives to single-use plastics. Its product line includes household items like garbage bags, tissue rolls, and kitchen towels made from bamboo and cornstarch.
Founded in 2017, Beco’s mission is to encourage consumers to make sustainable choices. By offering practical and affordable solutions, Beco is helping individuals contribute to a greener planet. As reported by Corp India News, Beco’s growth reflects the rising demand for eco-conscious products in India.
Beco’s commitment to sustainability extends to its packaging, which is entirely plastic-free. The startup’s initiatives are a reminder that small changes in daily habits can lead to significant environmental benefits.
Nexus Power: Revolutionizing EV Batteries
Nexus Power, founded by Nikita Baliarsingh and Nishita Baliarsingh in 2019, is redefining electric vehicle (EV) batteries by creating biodegradable alternatives from crop residue. These batteries are not only eco-friendly but also more efficient, offering faster charging times and extended lifespans.
The startup’s innovation addresses two significant issues: waste management and sustainable energy storage. Nexus Power’s efforts highlight the potential of integrating renewable materials into cutting-edge technologies.
By collaborating with agricultural communities, Nexus Power ensures a steady supply of raw materials while providing farmers with additional income streams. This unique approach combines environmental and economic sustainability, making it a standout in the green tech space.
Waste Ventures India: Sustainable Waste Management
Waste Ventures India, founded by Parag Gupta, Rob Whiting, and Roshan Miranda, focuses on transforming waste management practices by promoting segregation, composting, and recycling. The startup collaborates with local communities to ensure sustainable waste solutions and reduce landfill dependency.
Their model empowers waste pickers and contributes to cleaner cities. Waste Ventures India is a shining example of how businesses can solve pressing environmental issues while fostering social equity.
The startup also provides data-driven insights to municipalities, helping them optimize waste management systems. This integration of technology and community engagement sets a benchmark for sustainable urban development.
Zypp Electric: Green Logistics Solutions
Zypp Electric, co-founded by Akash Gupta, Tushar Mehta and Rashi Agarwal, offers electric vehicles for last-mile delivery services. By providing eco-friendly transportation options, Zypp reduces the environmental impact of e-commerce logistics. The company collaborates with businesses to integrate green practices into their supply chains.
Zypp Electric’s approach not only lowers emissions but also reduces delivery costs, making it a win-win for businesses and the environment.
The startup is expanding its fleet rapidly, aiming to make last-mile delivery 100% electric in the coming years. Zypp’s vision aligns with India’s broader goals of achieving sustainable urban logistics.
Bombay Hemp Company (BOHECO): Unlocking Hemp’s Potential
Bombay Hemp Company (BOHECO), founded in 2013 by Jahan Peston Jamas, Sanvar Oberoi, Sumit Shah, Avinash Pandya, Delzaad Deolaliwala, Yash Kotak, and Chirag Tekchandaney, promotes the sustainable use of hemp for textiles, food, and healthcare. Hemp is a versatile crop with a low environmental footprint, making it an ideal choice for sustainable development.
The company’s initiatives include research and product development to harness hemp’s potential across industries. By advocating for hemp cultivation, BOHECO supports sustainable agriculture and offers eco-friendly alternatives to conventional products.
BOHECO also educates farmers on the benefits of hemp cultivation, ensuring a steady supply of raw materials. This dual focus on innovation and community engagement exemplifies how startups can drive holistic change.
Conclusion: Startups Leading the Green Revolution
These ten startups exemplify the potential of combining innovation with sustainability. By addressing critical environmental challenges, they are not only building successful businesses but also contributing to a greener future.
As Corp India News frequently emphasizes, the rise of eco-conscious startups reflects a broader shift towards responsible entrepreneurship. These ventures are proof that protecting the environment and achieving economic growth can go hand in hand.
Through their efforts, these startups inspire others to adopt sustainable practices, proving that innovation and environmental stewardship are a powerful combination for creating a better tomorrow.
Ref:
https://thebetterearthlings.com/top-15-sustainable-startups-in-india/?utm_source=chatgpt.com
The post Green Startups India: Innovating for a Cleaner Tomorrow first appeared on Corp India News.
]]>The post Does Shark Tank India Funding Guarantee Success? The Real Story first appeared on Corp India News.
]]>This article explores the origins, journeys, innovations, and future aspirations of some of the most inspiring success stories from Shark Tank India as featured in Corp India News.
Skippi Ice Pops: A Frozen Revolution
Origin and Vision
Ravi and Anuja Kabra launched Skippi Ice Pops in 2020, envisioning a product that was nostalgic yet revolutionary. With ice pops that can be stored at room temperature and frozen at home, Skippi eliminated the traditional need for cold storage. This innovation allowed the brand to penetrate regions with unreliable electricity infrastructure, streamlining logistics.
Journey Through Shark Tank
Skippi’s appearance on Shark Tank India was a game-changer. The brand secured an investment of ₹1 crore for a 15% equity stake in an all-sharks deal, endorsed by all five sharks in Season 1, Episode 6. The endorsement provided not only financial backing but also an invaluable boost to brand visibility. Following the show, Skippi experienced a 40x surge in sales, cementing its status as one of Shark Tank India’s top success stories.
Innovation and Expansion
Post-Shark Tank, Skippi introduced the eco-friendly Skippi Freezer Bike, enabling direct-to-consumer deliveries while adhering to its environmental ethos. With six new India-inspired flavors and a broader product portfolio, the brand has strategically diversified its offerings.
Current Standings and Future Goals
Skippi Ice Pops now boasts a presence in thousands of outlets nationwide. With ambitious plans to achieve ₹100 crore in revenue by 2024-25, the Kabras are scaling their operations with a larger manufacturing unit in Hyderabad.
Get-A-Whey: Guilt-Free Indulgence Redefined
Origin and Vision
Get-A-Whey, founded by the mother-son duo Jimmy and Jash Shah, later joined by Pashmi Shah, began with a simple idea: combining dessert indulgence with health consciousness. Their ice creams, enriched with whey protein, cater to fitness enthusiasts and health-conscious consumers.
Journey Through Shark Tank
The trio pitched their idea on Shark Tank India, seeking ₹1 crore for 8% equity. They successfully secured the investment at 15% equity from Aman Gupta, Ashneer Grover, and Vineeta Singh in Season 1, Episode 21. This funding provided the necessary push to expand operations and strengthen their market presence.
Innovation and Expansion
With the capital infusion, Get-A-Whey expanded from four cities to 45 across India. Diversifying their portfolio with ice cream sandwiches and vegan variants, they tapped into a broader customer base. Additional cloud kitchens and a larger workforce further bolstered their operational capabilities.
Current Standings and Future Goals
Get-A-Whey has now become a household name, endorsed by celebrities like Malaika Arora. Moving forward, the brand aims to expand its product line and strengthen its foothold in the health-focused dessert market. As Corp India News highlights, Get-A-Whey is setting a benchmark for innovative food startups.
The Sass Bar: Where Soap Meets Art
Origin and Vision
Founded by Rishika Nayak, The Sass Bar transformed personal care with soaps that look like desserts—muffins, ice cream cones, and more. This aesthetic appeal, combined with a focus on handmade quality, quickly captured consumer attention.
Journey Through Shark Tank
The Sass Bar secured ₹50 lakh for a 35% stake from Anupam Mittal and Ghazal Alagh in Season 1, Episode 24. Following the show, monthly sales surged from ₹6 lakh to ₹10-20 lakh.
The brand also expanded its range with new Stock Keeping Units, solidifying its foothold in the bath and body goods market.
Current Standings and Future Goals
The Sass Bar continues to innovate in the personal care space, focusing on sustainability and artisan craftsmanship. Their growth reflects a demand for unique, high-quality products in the market.
Hammer Lifestyle: Amplifying the Gadget Game
Origin and Vision
Hammer Lifestyle, founded by Rohit Nandwani, Chand Bhatia, and Rohit Singla, entered Shark Tank India with an innovative range of wearable electronics, including smart speakers, headphones, and grooming gadgets. Their focus on combining technology with style resonated with consumers.
Journey Through Shark Tank
The brand’s appearance on the show secured them a ₹1 crore investment for a 40% stake from Aman Gupta in Season 1, Episode 15, which became the turning point for their growth. Hammer Lifestyle leveraged the opportunity to enhance its product offerings and marketing reach.
Current Standings and Future Goals
Following their appearance, the brand saw revenues jump from ₹70 lakh to ₹2 crore monthly. Online traffic quintupled, emphasizing their growing popularity. Hammer Lifestyle’s journey, as noted by Corp India News, highlights the rising demand for tech-savvy solutions in India.
TagZ Foods: Guilt-Free Snacking Redefined
Origin and Vision
Anish Basu Roy and Sagar Bhalotia founded TagZ Foods to redefine snacking with popped chips that are both healthy and tasty. By eliminating frying, they created a guilt-free indulgence that resonated with modern consumers.
Journey Through Shark Tank
The duo secured ₹70 lakh for 2.75% equity from Ashneer Grover in Season 1, episode 2. This investment propelled the brand to new heights, with sales tripling and six new manufacturing units added.
Innovation and Expansion
TagZ Foods expanded its offerings to include dips and chocolate cigars. Their geographical footprint grew from six cities to 20, including international markets such as Dubai, Kuwait, and Australia. Their FY23 revenue stood at ₹23 crore, a testament to their remarkable growth.
Current Standings and Future Goals
TagZ Foods continues to innovate in the snacking segment, with plans to expand into more international markets and introduce healthier product variants.
Namhya Foods: Compassionate Entrepreneurship
Origin and Vision
Founded by Ridhima Arora, Namhya Foods was inspired by her father’s battle with liver cirrhosis. The brand emphasizes health and wellness through Ayurvedic principles, resonating with consumers seeking holistic solutions.
Journey Through Shark Tank
The brand secured ₹50 lahks for 10% equity and ₹50 lahks in debt from Aman Gupta, enabling them to scale operations and boost monthly sales to ₹40 lahks.
Current Standings and Future Goals
Namhya Foods plans to enter international markets, including the UAE, UK, USA, and Canada, sharing its vision of health and wellness globally.
Bamboo India: Sustainability at the Core
Origin and Vision
Yogesh Shinde and Ashwini Shinde founded Bamboo India to replace plastic products with eco-friendly bamboo alternatives. From toothbrushes to earbuds, the brand champions sustainability in everyday items.
Journey Through Shark Tank
Bamboo India secured ₹50 lakh for 3.5% equity and ₹30 lakh in debt from Ashneer Grover and Anupam Mittal in Season 1, Episode 16. This funding expanded their distribution network and enhanced product availability.
Current Standings and Future Goals
As of 2023, Bamboo India has manufactured over 30 lakh bamboo toothbrushes, distributing them across 18 countries. Their commitment to reducing plastic waste continues to resonate globally.
Conclusion
The success stories from Shark Tank India, as highlighted by Corp India News, demonstrate the transformative power of innovation, resilience, and strategic investments. From Skippi’s eco-friendly pops to Get-A-Whey’s health-conscious desserts, these startups inspire budding entrepreneurs while showcasing India’s vast potential. As these ventures continue to scale new heights, they reflect a vibrant entrepreneurial ecosystem poised for global impact.
The post Does Shark Tank India Funding Guarantee Success? The Real Story first appeared on Corp India News.
]]>The post Shark Tank India: The 10 Pitches That Stole the Spotlight first appeared on Corp India News.
]]>1. Bummer: Revolutionizing Comfort with Sustainable Innerwear and Loungewear
Founder: Sulay Lavsi
Shark Tank Deal: ₹75 lakhs for 7.5% equity
Bummer, founded by Sulay Lavsi, is a direct-to-consumer brand that offers ultra-soft, sustainable innerwear and loungewear. With a focus on comfort and environmental responsibility, Bummer’s products are made from sustainably sourced MicroModal fabric.
The brand quickly gained traction after pitching on Shark Tank India Season 1, where they secured an investment of ₹75 lakhs from Namita Thapar and Aman Gupta for a 7.5% stake.
Key Post-Investment Growth:
- Bummer’s revenue surged from ₹60 lakhs to ₹11 crores in just two years.
- Monthly recurring revenue now stands at ₹2 crores.
Impact of the Shark Tank Deal:
Since the investment, Bummer has expanded its market presence and continued its rapid growth, making it one of the most successful brands to emerge from Shark Tank India. (Corp India News)
2. Auli Lifestyle: Blending Ayurveda with Modern Skincare Solutions
Founder: Aishwarya Biswas
Shark Tank Deal: ₹75 lakhs for 15% equity
Auli Lifestyle, founded in Kolkata by Aishwarya Biswas, offers a range of natural, cruelty-free skincare products based on Ayurvedic principles. The brand seeks to provide affordable, high-quality skincare to its customers.
During its pitch on Shark Tank India Season 1, Aishwarya secured an investment of ₹75 lakhs for 15% equity from Namita Thapar. The investment allowed Auli Lifestyle to expand its product range and significantly boost sales.
Key Post-Investment Growth:
- Monthly sales grew from ₹10–12 lakhs to ₹30–37 lakhs.
- Expanded distribution in Mumuso stores across India and launched internationally.
Auli Lifestyle’s growth shows how leveraging traditional knowledge with modern science can create a profitable business model in today’s competitive skincare market.
3. Snitch: Elevating Men’s Fashion with Trendy, High-Quality Apparel
Founder: Siddharth R. Dungarwal
Shark Tank Deal: ₹1.5 crore for 1.5% equity
Snitch, founded by Siddharth R. Dungarwal in Bengaluru, offers high-quality, trendy apparel for men. The brand has quickly made a name for itself by focusing on delivering fashionable, comfortable clothing to meet the needs of the modern man.
Snitch’s pitch on Shark Tank India Season 2 resulted in an offer from five sharks, who invested ₹1.5 crore for 1.5% equity, valuing the company at ₹100 crore.
Key Post-Investment Growth:
- Monthly revenue increased by 30%, reaching ₹11 crores.
- Secured $13 million in Series A funding for expansion.
With expansion plans for 10 new retail stores, Snitch is poised to strengthen its position in the Indian fashion industry.
4. Nasher Miles: Innovating the Travel Luggage Market
Founders: Abhishek Daga, Lokesh Daga, Shruti Kedia Daga
Shark Tank Deal: ₹3 crore for 1.5% equity with a 1% royalty
Nasher Miles is redefining the travel luggage industry in India with its stylish and functional products. The brand’s vibrant and distinctive luggage designs have garnered attention from travelers across India.
The founders pitched their company in Season 3 of Shark Tank India and secured a ₹3 crore investment for 1.5% equity with a royalty agreement.
Key Post-Investment Growth:
- Revenue exceeded ₹80 crores in FY23.
- Plans to expand into 1,000 retail stores by 2025.
Nasher Miles continues to thrive with an aggressive expansion strategy and a growing market share in the Indian travel accessories market.
5. TagZ Foods: Revolutionizing Healthy Snacking
Founders: Anish Basu Roy, Sagar Bhalotia
Shark Tank Deal: ₹70 lakhs for 2.75% equity
TagZ Foods is transforming the snack industry by offering a healthier alternative to traditional fried snacks. The brand’s popped potato chips are made using a unique process that reduces oil content by 50%.
During Shark Tank India Season 1, TagZ Foods secured ₹70 lakhs for 2.75% equity from Ashneer Grover. The brand’s focus on healthier snacks resonated with the Sharks, leading to substantial growth after the investment.
Key Post-Investment Growth:
- Revenue tripled, reaching ₹23 crores in FY23.
- Expanded its product range to include dips and chocolate cigars.
TagZ Foods is on track to solidify its presence in the healthy snack market further.
6. Zoff Masala: Transforming the Indian Spice Industry
Founders: Akash Kumar Agrawal, Ashish Agrawal
Shark Tank Deal: ₹1 crore for 1.25% equity
Zoff Masala is revolutionizing the Indian spice market by providing pure and high-quality spices through advanced processing methods. Founded by the Agrawal brothers, Zoff aims to address the growing demand for premium, unadulterated spices.
In Season 2 of Shark Tank India, the Agrawal brothers secured a ₹1 crore investment for 1.25% equity from Aman Gupta.
Key Post-Investment Growth:
- Annual revenue of ₹60 crores, projected to reach ₹70 crores.
- Expanded to 10,000 offline stores across India.
Zoff is poised for further growth as it expands its product line and increases its market share in the spice industry.
7. Skippi Ice Pops: Redefining Frozen Desserts
Founders: Ravi Kabra, Anuja Kabra
Shark Tank Deal: ₹1 crore for 15% equity
Skippi Ice Pops is India’s first natural ice pop brand, offering preservative-free, healthy frozen desserts. Founded by Ravi and Anuja Kabra, the brand revolutionized the ice pop market with healthier alternatives.
The Kabras secured ₹1 crore for 15% equity, making it the first all-Shark deal in Shark Tank India.
Key Post-Investment Growth:
- Sales jumped 40 times, reaching ₹2–2.5 crore monthly revenue.
- Expanded to 100 cities and began exploring export opportunities.
Skippi Ice Pops is setting new standards in the frozen dessert industry with its natural, health-conscious approach.
8. Yes Madam: At-Home Beauty and Wellness Services
Founders: Aditya Arya, Mayank Arya, Akanksha Vishnoi, and Arpit Gupta
Shark Tank Deal: ₹1.5 crore for 2% equity, plus a 2% royalty until the investment is recouped
Yes Madam, a Noida-based platform offering at-home beauty and wellness services, secured ₹1.5 crore for 2% equity during Season 3 of Shark Tank India. The brand’s services cater to customers seeking convenience, with an impressive roster of over 2,500 women professionals.
Key Post-Investment Growth:
- Expanded to over 50 cities.
- Monthly bookings exceeded 70,000, with an app download base of over 2 million.
In October 2023, the brand reported a positive EBITDA of ₹40 lakhs with a Gross Merchandise Value of ₹9.5 crore, indicating a profitable trajectory.
9. Ariro Toys: Wooden Toys for Infants and Toddlers
Founders: Nishananthini Ramasamy and Vasanth Angudurai
Shark Tank Deal: ₹50 lakhs for 10% equity
Ariro Toys offers eco-friendly, non-toxic wooden toys for children aged 0–3. After securing ₹50 lakhs for 10% equity in Shark Tank India Season 1, the brand expanded its sales significantly.
Key Post-Investment Growth:
- Monthly revenue between ₹25 lakhs to ₹30 lakhs.
- Sold over 1 lakh toys and expanded to 43 Hamleys stores across India.
90 artisans across the country are employed regularly, contributing to local community development.
10. Nestroots: Home Decor and Lifestyle Products
Founders: Chhavi Singh and Shekhar Godiyal
Shark Tank Deal: ₹50 lakhs for 2% equity
Nestroots offers a wide range of home décor products, including furniture and kitchenware. After securing ₹50 lakhs for 2% equity during Shark Tank India Season 2, the brand reported impressive growth.
Key Post-Investment Growth:
- Monthly sales of ₹1.1 crore, with 75% of sales from online marketplaces.
- Raised ₹3 crore in a pre-seed funding round, expanding into international markets.
The brand is set to launch in the US, Canada, and UAE in the next five years.
Conclusion: Shark Tank India’s Impact on Startups
The brands featured in Shark Tank India have turned their ideas into icons, achieving remarkable growth and success. Whether it’s sustainable fashion, innovative skincare, or healthy snacks, these entrepreneurs have proven that with the right combination of innovation, strategy, and execution, success is achievable.
The post Shark Tank India: The 10 Pitches That Stole the Spotlight first appeared on Corp India News.
]]>The post 5 Startups Fighting Wildfires: Transforming Prevention, Detection, and Recovery first appeared on Corp India News.
]]>Addressing wildfires effectively requires advanced strategies that encompass prevention, management, and recovery. Several startups are stepping up to the challenge by developing innovative solutions to protect lives, property, and ecosystems. These companies leverage cutting-edge technologies such as AI, drones, and sustainable methods to predict, combat, and recover from wildfires. As the global climate crisis intensifies, these innovations have become more crucial than ever.
In this blog, we’ll explore the top innovative startups revolutionizing wildfire prevention, management, and post-fire recovery. We’ll also examine how technology and sustainability are shaping the future of wildfire solutions. As highlighted by Corp India News, these startups are playing a vital role in safeguarding communities and forests worldwide.
Wildfire Prevention: The First Line of Defense
The best way to combat wildfires is to prevent them from occurring in the first place. Startups are using innovative technologies to predict and prevent wildfires before they escalate. Here are some of the key players in wildfire prevention:
1. Firewatch Technologies
Firewatch Technologies focuses on using AI to detect early signs of wildfires. Their system integrates satellite imagery and real-time data from weather stations to predict fire risks accurately. By analyzing patterns and conditions conducive to wildfires, Firewatch helps local authorities take preventive action before a fire starts.
- Key Features:
- AI-based risk prediction models
- Real-time data integration
- Satellite imagery for comprehensive coverage
2. BurnGuard
BurnGuard specializes in creating fire-resistant materials that can be used in construction and landscaping. Their products are designed to withstand extreme temperatures, preventing fires from spreading quickly. By focusing on fire prevention at the infrastructure level, BurnGuard helps safeguard homes and businesses in wildfire-prone areas.
- Key Features:
- Fire-resistant construction materials
- Landscaping solutions to reduce fire risk
- Long-term durability in extreme heat conditions
3. FireSafe Technologies
FireSafe Technologies develops early warning systems that use a combination of sensors, weather forecasting models, and satellite data. These sensors can detect heat signatures and smoke long before they become a threat. With their real-time alerts, FireSafe provides crucial time for evacuation and resource deployment.
- Key Features:
- Heat signature detection
- Smoke monitoring systems
- Real-time alerts for communities
Wildfire Management: Fighting Fires with Innovation
Once a wildfire starts, managing it becomes a race against time. The faster authorities can respond, the fewer lives and properties will be affected. Startups are using drones, robotics, and other technologies to improve firefighting capabilities.
1. DroneShield
DroneShield is revolutionizing firefighting efforts by using drones to provide aerial surveillance and even drop fire retardant materials in hard-to-reach areas. Drones can cover large areas quickly, providing real-time data to firefighting teams and allowing them to tackle fires with greater precision. This reduces the need for manpower in dangerous zones.
- Key Features:
- Real-time aerial surveillance
- Fire retardant material delivery via drones
- Reduced human risk in firefighting efforts
2. Firebotics
Firebotics has created robotic systems that can fight fires in hazardous environments where human presence is impossible. These robots are equipped with fire extinguishing capabilities, sensors, and cameras to locate and suppress fires in real-time. This technology helps manage fires in areas where traditional methods would be too dangerous or ineffective.
- Key Features:
- Firefighting robots for hazardous zones
- High-tech sensors for precise targeting
- Remote control for safe operation
3. HotSpot Technologies
HotSpot Technologies is leveraging advanced thermal imaging cameras to monitor fire outbreaks. By using heat-sensitive cameras attached to drones or fixed locations, HotSpot provides real-time mapping of wildfire progression. This allows for immediate intervention and more accurate decision-making.
- Key Features:
- Thermal imaging cameras
- Real-time mapping and monitoring
- AI-powered fire behavior prediction
Post-Fire Recovery: Rebuilding After the Flames
Wildfires leave behind devastating damage, but recovery is possible with the right tools and strategies. Several startups are helping communities rebuild, restore ecosystems, and offer long-term support after a wildfire disaster.
1. EcoRestore
EcoRestore focuses on reforestation and soil restoration after wildfires. Their projects involve planting fire-resistant plant species and rebuilding ecosystems to prevent soil erosion and further damage. They also focus on promoting biodiversity, ensuring that the forest ecosystem can regenerate naturally over time.
- Key Features:
- Reforestation and soil restoration projects
- Fire-resistant plant species
- Ecosystem rebuilding to prevent erosion
2. RebuildTech
RebuildTech offers technology-driven solutions to rebuild homes and infrastructure after wildfires. Their innovations include fire-resistant building materials and 3D-printed homes designed to withstand extreme fire conditions. RebuildTech works closely with affected communities to rebuild quickly and sustainably.
- Key Features:
- Fire-resistant building materials
- 3D printing for rapid home construction
- Sustainable rebuilding practices
3. FireGuard Recovery
FireGuard Recovery provides financial assistance and resources for wildfire victims. They use data analytics to track affected areas and prioritize recovery efforts. FireGuard partners with governments and NGOs to ensure affected communities receive the support they need to rebuild their lives.
- Key Features:
- Financial aid and recovery resources
- Data-driven disaster response
- Partnership with governments and NGOs
Here’s a list of innovative startups that are actively fighting wildfires. Each entry highlights the company’s core focus and contributions to wildfire prevention, management, or recovery:
1. Firemaps
Focus: Wildfire Prevention
Corporate Office: 939 Stanyan Street, San Francisco, CA 94117, United States
Website: www.firemaps.com
Firemaps is a wildfire management platform that helps homeowners create personalized defense plans to protect their properties from wildfires. Using advanced satellite imagery and fire risk data, Firemaps analyzes each property to develop customized mitigation strategies. The platform also connects homeowners with qualified contractors who implement fire prevention measures and provide ongoing maintenance, ensuring long-term protection against wildfire threats.
2. Overstory
Focus: Wildfire Prevention & Management
Corporate Office: Weesperstraat 61-105, 1018VN, Amsterdam, The Netherlands
Website: www.overstory.com
Overstory helps combat wildfires by leveraging advanced satellite imagery and artificial intelligence to monitor and analyze vegetation health. Their technology provides real-time insights into areas with high wildfire risk, such as regions with overgrown or drought-stressed vegetation. By identifying these risk factors early, Overstory enables utility companies, governments, and land managers to take proactive measures to prevent wildfires before they start.
Through continuous monitoring and predictive analytics, Overstory empowers organizations to make data-driven decisions that enhance wildfire prevention efforts. Their solutions help prioritize vegetation management, improve resource allocation, and ultimately reduce the frequency and severity of wildfires, protecting both communities and ecosystems.
3. Chooch AI
Focus: Early Wildfire Detection
Website: www.chooch.com
Chooch AI helps in wildfire prevention and management by providing advanced AI-powered visual recognition solutions that detect smoke and fire in real time. Their technology analyzes images and video feeds from cameras, drones, and satellites to identify early signs of wildfires, allowing for a rapid response before the fire spreads. By leveraging deep learning models, Chooch AI can distinguish between wildfire threats and false alarms, ensuring accurate and timely alerts.
With its real-time monitoring capabilities, Chooch AI supports emergency responders, utility companies, and land managers in taking proactive measures to contain wildfires. Their AI-driven insights help minimize damage, protect critical infrastructure, and enhance overall wildfire management efforts by providing actionable intelligence when every second counts.
4. Drone Amplified
Focus: Controlled Burns
Location: 1900 W Dunraven Ln. Lincoln, NE, 68523
Website: www.droneamplified.com
Drone Amplified uses drones to conduct controlled burns, which help reduce excess vegetation and prevent wildfires from spreading. Their drone-based Ignis system allows land managers to create firebreaks safely and efficiently, even in hard-to-reach areas. This proactive approach reduces the severity of future wildfires.
5. Blue Sky Analytics
Focus: Wildfire Management
Location: Gurgaon, Haryana.
Website: blueskyhq.io
Blue Sky Analytics uses satellite data and AI to monitor and assess environmental risks, including wildfires. Their platform, powered by real-time satellite imagery, tracks key indicators like temperature, humidity, and vegetation health, helping to identify areas at high risk for wildfires. By providing actionable insights and forecasts, they enable governments, organizations, and industries to take preventive measures before wildfires occur.
Additionally, Blue Sky Analytics supports wildfire management by delivering timely data to help responders and policymakers make informed decisions. Their platform aids in resource allocation, risk mitigation, and damage assessment, contributing to more effective wildfire response and recovery efforts.
Conclusion: Innovation Lighting the Way Forward
The startups highlighted above are proof that innovation can turn even the most daunting challenges into opportunities for change. From preventing wildfires with AI and early detection systems to managing fires using drones and robotics, these companies are redefining how we tackle wildfire risks. By combining technology, sustainability, and collaboration, they are not just addressing immediate threats but also working to create resilient ecosystems and communities for the future.
Post-fire recovery is another critical area where these startups are making a significant impact. Whether it’s reforestation through advanced planting techniques or using data analytics to aid rebuilding efforts, their contributions are helping communities heal and rebuild after devastation. These solutions go beyond reactive measures, laying the groundwork for a sustainable coexistence with nature even as wildfire threats grow more severe due to climate change.
As climate and wildfire challenges persist, the need for innovative approaches has never been greater. These startups, frequently highlighted by Corp India News, exemplify how forward-thinking solutions can transform adversity into action. They serve as an inspiration for what can be achieved when technology, human ingenuity, and environmental stewardship come together. The fight against wildfires is far from over, but with these innovators leading the charge, the future looks brighter.
The post 5 Startups Fighting Wildfires: Transforming Prevention, Detection, and Recovery first appeared on Corp India News.
]]>The post Meesho – The Quick Rise of an E-commerce Unicorn first appeared on Corp India News.
]]>As the company is coming out as a strong competitor in becoming a pioneer in India’s $ 84 billion e-commerce market, CorpIndiaNews is here to explain why Meesho is in advantage to take on big-time players like Amazon and Flipkart.
Two IIT-Delhi batchmates, Vidit Aatrey and Sanjeev Barnwal founded Meesho on August 13, 2015, in Bengaluru, Karnataka, intending to democratise India’s e-commerce space. With four lakh sellers currently using the platform, the company aims to onboard 10-12 lakh sellers by the end of 2022. In addition, the startup set a rather optimistic target of achieving 100 million monthly transacting users by December 2022.
In 2020, Meesho hardly had 90,000 sellers onboard, which grew four times in one year, while its business grew 40 times since the first lockdown and is only growing to challenge big players in the e-commerce space. Recently, the company recorded around 1.4 crore orders in just three days during its Holi Sale in March.
The Meesho Concept
The social commerce space, which is expanding along with the country’s e-commerce market, was initially not the Plan A of its founders. Initially, in 2015, founders Vidit Aatrey and Sanjeev Barnwal opened a hyperlocal fashion discovery and commerce app, FashNear, but at the end of the year pivoted to Meesho.
Founders Vidit Aatrey and Sanjeev Barnval visited many local retail and wholesale stores. They found out that shopkeepers were using social media applications listing their products like posts and stories on social media. Hence, the duo came up with the idea of creating a direct-to-consumer platform that would connect sellers to customers directly through an application.
The concept was simple, to create an application for local resellers to create their inventory of products online and manage it. At the same time, Meesho would charge a commission on each purchase and fees to keep the shop running.
The duo presented a platform that empowers hyper-local businesses (micro and small) to open their online shops with zero investment. Hence, the name Meesho means ‘My shop.’
At first, the startup targeted homemakers and students selling unbranded clothes on Whatapp, Facebook, and Instagram. As a result, Meesho soon became a platform for homemakers from small towns who ran their reselling businesses online to market and manage their products on the app.
These women resellers began to earn as much as Rs 25000 a month selling unbranded clothes. Hence, the founders were able to establish communities and also create women entrepreneurs. Today, the app provides access to over 77 million products from different categories.
Gunning for the Pole Position
Meesho got selected in the Y category as soon as in 2016. Another milestone for the app was receiving funds from Facebook (now Meta Platform) and finally becoming a Unicorn after getting funded by the Soft Bank group.
While funds and targeted publicity campaigns are helping Meesho challenge its competitors, the e-commerce platform scored another advantage.
Shopee’s (Ind)exit or Shopee’s choice
In October last year, Shopee, after the e-commerce business of Singapore-headquartered internet giant Sea, launched into the Indian market to thrush into the international while expanding its wings in Europe. But, while consumers welcomed Shopee’s entry, e-commerce majors had a clear competitor in the Singapore firm.
But, in the first week of April 2022, it made another major announcement that shocked everyone in the industry. The e-commerce firm declared that it is closing its India operations “in view of global market uncertainties.”
While speculators are rounding up their opinion on Shopee’s exit, industry experts point out Meesho’s direct advantage in this situation. Indeed, eliminating competition from the market is a dream of many.
Meesho, too, openly acknowledged a sigh of relief and bid farewell to Shopee in a quirky tweet. Meesho posted, “Shopee-ing is the simplest, easiest, and fastest with Meesho.” It also invited Shopee’s employees to work at Meesho.
Shopee-ing is the simplest, easiest, and fastest with Meesho.
But, also, we're hiring!
Check out
https://t.co/UoJbiwvfZs
— Meesho Tech (@meeshotech) March 28, 2022
Meesho faced a direct threat from Shopee’s popularity, while its exit has given it some relief. While experts say that Shopee’s exit is a blessing in disguise for the startup, Meesho is already planned to beat its competitors in many ways.
The IPO
The Social commerce marketplace is mulling a public listing in the first half of 2023. However, the company’s top management is yet to choose from either a public listing in India or a SPAC listing in the US.
Sources claim that the company is preparing itself for the big opening and is busy working on a strict timeline to ensure that its governance, financial reporting, and internal processes are in place to meet regulatory requirements by the end of the year.
After a blockbuster IPO year in 2021, stock market investors are excited to cash in on Meesho’s stock market debut. Hence, the company is currently developing its compliance framework to plan its public offering next year.
Boundaryless Workspaces
Meesho has announced a permanent boundaryless workspace model that allows employees to choose between working from the home, office or chosen locations.
The announcements came as a part of the company’s cost-cutting strategy. Meesho has earlier asked its employees to practice restraint while spending the company’s money. Additionally, the company has been downsizing its business due to restructuring and reorganisation moves.
Adding affordable brands
The company that started as a platform for selling unbranded products will be introducing a new segment of branded products under its social e-commerce business.
The company shall offer affordable brands under its beauty and electronics segment. Meesho has been looking to compete and acquire a major segment of India’s e-commerce market through this strategy.
Meesho’s strategy largely comprises achieving two goals; firstly, it wants to attract more male customers through branded electronic products and take on its biggest rivals in the e-commerce industry, such as Flipkart and Amazon.
Hence, the company is also mulling over rebranding its logo to a more gender-neutral design.
Change in seller’s policy
Meesho has effectively changed its 15-days-payment policy to a weekly payment cycle. The company to the step to attract more local, small, and medium vendors to its platform. The new policy is supposedly helping the company achieve its target of onboarding more than 1 million vendors on its application.
Moreover, the company has also reframed its cancellation policy by announcing zero charges on order cancellation. Earlier sellers were charged 2.5% of the order product’s price per day of delay till cancellation.
While explaining Meesho’s new strategy, Lakshminarayan Swaminathan, vice-president and general manager of supply growth at Meesho, said, “With the new ‘Zero Penalty’ and ‘Seven-Day Payment’ initiatives, we are confident we will be able to accelerate further the trajectory of seller acquisitions and success on Meesho.”
Hence, the company is working on reframing and applying different strategies to ride on the current e-commerce wave and expand its businesses to a more significant market share. Hence, Meesho tapped into the grocery shopping segment during the pandemic.
Meesho integrates with Farmiso
In 2020, when the government announced a country-wide lockdown to contain Coronavirus, all the businesses except for essential services came to a halt.
Being a delivery-based startup, Meesho and its vendors on the app lost business every day. As a result, the company’s revenue tanked, and there was a temporary disruption.
However, turning the crisis into an opportunity, Meesho decided to sell groceries in Tier-II cities in India. Meesho’s idea was to make consumers in these cities comfortable purchasing groceries online.
While big e-commerce brands focus on faster deliveries to cater to their large consumer base, Meesho focuses on offering affordable discounted groceries.
Farmiso’s opened its first store in Karnataka, providing 500 products across categories like fresh fruits, fresh vegetables, groceries, home care, and packaged food. However, in less than a year, it has successfully scaled its operations in five other states- Maharashtra, Telengana, Andhra Pradesh, Gujarat, and Madhya Pradesh. While Farmiso is gaining positive traction in all six states, it aims to expand to twelve other states this year.
Meesho announced the integration of its grocery business within the core application to become a single shopping destination in India. Through this merger, the company plans to expand its core business by taking advantage of Farmiso’s first-time customers base.
Founder Vidit Aatrey explained, “Driven by our user-first mindset, the integration will provide millions of Meesho users a unified shopping experience, while giving us an opportunity to drive stronger synergies across areas such as customer acquisition, technology and product and talent.”
Meesho going live
Meesho is exploring the launch of its live commerce business by the end of the year which is in its pilot stage. The live commerce feature enables instant purchasing of a featured product and encourages audience participation through chats and reaction buttons.
Meesho has been actively strategising and reframing its core policies while restructuring its business for a year. Unfortunately, this is sending mixed signals to customers. Some believe Meesho’s strategies would pay off, while others call it a sign of nervousness. In addition, experts believe that too many strategies may bring negative results to the company.
However, Meesho’s founders are pretty optimistic about its reforms and aim to take advantage of the momentum.
The post Meesho – The Quick Rise of an E-commerce Unicorn first appeared on Corp India News.
]]>The post Planning to begin your startup? – Register in five easy steps first appeared on Corp India News.
]]>Fortunately, the Government of India acknowledges the power of young minds and the potential to realise their dreams in a one-room startup. Hence, in 2015, announced the development of a government-led startup ecosystem to provide initial handholding and financial support through funds, incentives and flexible policies.
Hence, aspiring entrepreneurs can begin their startup journey by enrolling in this program. You can avail initial support and nurturing that every startup requires by the government through Startup India Program.
What qualifies as a startup in India?
There are four important criteria to be an eligible startup.
- Firstly, your company should either be incorporated as a private limited company, a partnership firm or a limited liability partnership
- The company’s turnover in previous financial years should be less than Rs 100 crore
- A business shall be considered as a startup up to 10 years from the date of its incorporation
- The last and most important criterion is the ‘Innovation’ factor. Your business should be working towards an innovative solution towards existing products, services and processes and should have the potential to generate employment/ create wealth
What can not be a Startup?
Your business must qualify for all the above criteria. Any entity formed by splitting up or reconstructing an existing business shall not be considered a “Startup”.
If your business qualifies for all the above criteria, you can register five easy steps.
Step 1: Business Incorporation
The first step towards this direction is the incorporation of your business entity. At this stage, you must fulfil the first criteria listed above, i.e. incorporate your business as a Private Limited Company, Partnership firm, or a Limited Liability Partnership.
Certificate of Incorporation is the basic requirement to start any operating as a business entity. Hence, you will have to go through all the standard procedures required while registering a company in India.
Step 2: Register with Startup India
The next step is to register your business as a startup. To register your startup under the Startup India initiative is quite simple. First, you need to log on to the Startup India website to fill up the form with your business details. Then, you will have to create your profile after providing the required details on the website.
Creating a profile on the website will open many avenues for your Business Startup. For example, you can apply for various acceleration, incubator/mentorship programmes. Here, you get access to valuable resources like the Learning and Development Program, Government Schemes; State Polices for Startups and pro-bono services.
Step 3: Get DPIIT Recognition
The Government of India provides many benefits, including tax exemptions under the Startup India program. However, to avail of these benefits, startups must get Department for Promotion of Industry and Internal Trade (DPIIT) Recognition. Hence, it helps entrepreneurs to avail benefits like access to high-quality intellectual property services and resources and other relaxations.
If you are a new user, then click on the ‘Get Recognised’ button; existing users can click on the ‘Dashboard Button’ to get DPIIT Recognition.
Step 4: Recognition Application
Next, the ‘Recognition Application Detail’ page opens. Click on ‘View Details’ option under the Registration Details section. Fill up the ‘Startup Recognition Form’ and click on ‘Submit’.
Documents Required for Recognition:
a. Documents for Registration
b. Incorporation/Registration Certificate of your startup
c. Details of the Directors
d. Proof of concept like pitch deck/website link/video (in case of a validation/ early traction/scaling stage startup)
e. Patent and trademark details (Optional)
f. PAN Number
Step 5: Recognition Number
Once you apply for the recognition certificate, you will receive a recognition number for your startup. The authority issues the certificate of recognition after verifying all your documents. Usually, the certificate is issued within two days after applying.
After receiving recognition certificate, you are registered with the government as a startup and you can officially call your business entity as STARTUP.
Word of Caution
Individuals must be careful while uploading their documents. If your documents are forged or have uploaded wrong documents, you will be charged with a fine of 50% of your paid-up capital of the startup with a minimum fine of Rs. 25,000.
Patents And Trademarks
The website also allows you to patent your innovation or get a trademark for your business. You can avail of it from the list of facilitators issued by the government. However, you will need to bear only the statutory fees, thus getting an 80% reduction.
Relaxation In The Registration Process
The government has relaxed the registration process for startups from providing certain documents. The list of documents not required to be filed at the time of the registration are-
a. Letter of Recommendations
b. Letter of funding
c. Sanction Letters
d. Udyog Aadhar
e. MSME Certificate
f. GST Certificate
Benefits from Startup India Program
Tax Exemption
Under section 80 IAC of the Income Tax Act, the Government of India allows tax exemption for three consecutive financial years. Startups must be certified by Inter-Ministerial Board (IMB) to avail of this benefit.
Government’s Backing
The government dons the role of a venture capitalist under StartUp India. It has a set-up of Rs 10,000 crore funds to provide funds to the registered startups. It also provides guarantees to lenders to encourage banks and other financial institutions to provide venture capital.
Exemption from Tax on Capital Gain for Investors
For easy availability of funds, the government has provided that investors who invest in venture funds set up under this program will be exempted from paying tax for their capital gains.
Self-Certification
Under Startup India Program, startups can self-certify through its website or startup mobile up with nine labour laws and three environment laws. Additionally, the authority will not conduct inspections for a period of 3 to 5 years from the date of incorporation.
Tenders From Government
While applying for government tenders, Startups are exempted from “prior experience/turnover” criteria applicable for other companies.
The government has made registering a startup in India quite seamless. Moreover, the additional support that government provides adds flexibility to the startup ecosystem in India. Therefore, it provides pivotal support to aspiring entrepreneurs in realizing their startup dream.
The post Planning to begin your startup? – Register in five easy steps first appeared on Corp India News.
]]>The post Bharat Founders Fund: Indian Unicorns to provide funds to new startups first appeared on Corp India News.
]]>About 65 entrepreneurs have now donned the investor’s cap through the Bharat Founders Fund (BFF) launch to invest in pre-seed stage companies. Among them are the famous Unicorn founders Vidit Aatrey and Sanjeev Barnwal, co-founders of Meesho; Gazal Kalra, co-founder of Rivigo; Cars24 co-founders Vikram Chopra, Mehul Agrawal and Gajendra Jangid; Smita Deorah and Sumeet Mehta of Lead School; Vamsi Krishna, co-founder of Vedantu; and Saurabh Garg, co-founder of NoBroker.
Investopad partners Maanav Sagar and Sera Arora are managing the fund at present.
“Today, founders and senior operators in a startup have created wealth through either successful exits or employee options (ESOPs) and are actively looking to give back and invest in startups. Bringing these founders together as venture partners will allow Bharat Founders Fund to connect its portfolio companies with senior startup operators which have the experience of taking an idea (or business) from zero to one,” said Arora
He also said that BFF would not participate in the companies but hold the right to appoint a director if needed.
With a corpus of $20 million in the funds in BFF, founders-turned-Investors have decided to invest $100,000 to $200,000 on average in various early-stage startups and companies which are still at the idea stage.
“We would like to invest and enter a company as early as possible. The idea is to help these companies get access to the best mentorship and interact with a wide portfolio of our venture partners who have built successful startups,” said Sagar.
While Bharat Founders Fund (BFF) has already made 20 investments until today, it aims at providing 100 early-stage investments this year. BFF has currently invested in the learning platform Yellow Class, jobs platform Skillbee, lending startup Basic, and direct-to-consumer brand BlissClub.
The post Bharat Founders Fund: Indian Unicorns to provide funds to new startups first appeared on Corp India News.
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