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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102282) | |
21971. [Startup Bharat] Kochi-based NatureLoc lets customers buy locally produced spices and homemade food products
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- While Indian spices are renowned across the world for their rich taste, texture, aroma, and medicinal value. According to an IBEF report, Indian spices worth $3.65 billion were exported in FY20 alone.
- Joshy Thomas, Tomy Joseph, Jaisy Augustine, and Divya John, who come from agricultural families, are aware of the significance of not just locally produced spices, but also of food products and homemade food.
- In 2016, the four relatives launched Kochi-based ecommerce platform NatureLoc to enable consumers to purchase chemical-free, authentic, farm-grown, and homemade food products and spices sourced directly from small-scale farmers and local producers..
21972. Inspired by Elon Musk’s Tesla, this EV startup is building superbikes for India
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- Around 2015-16, prices for lithium batteries started dropping. By then, in the US and Europe, Elon Musk’s Tesla was already making waves.
- The company changed the perception around electric cars, making them ‘cool’, high-end luxury products — aspirational not just functional and eco-friendly.
- In India, entrepreneurs Narayan Subramaniam and Niraj Rajamohan realised that the next decade would see a rising need for electric vehicles.
21973. Why this Deepika Padukone-backed startup is targeting hobby learning, edtech's next big thing
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- While starting FrontRow, its co-founders Ishaan Preet Singh, Mikhil Raj, and Shubhadit Sharma had been “looking at the education space”.
- With prior stints at Lightspeed India, ZestMoney, and GlowRoad, respectively, they were acquainted with India’s startup ecosystem and the fast-growing edtech sector. A common theme emerged from their student interactions.
- “Initially, people didn’t believe that this kind of learning was possible. But we got very encouraging responses in the beta phase. Absolute small towns like Gaya [in Bihar] and even Kathmandu [in Nepal] have placed orders [for our courses],” Co-founder Ishaan shares.
21974. [Startup Bharat] How Ahmedabad-based Lendingkart was able to reach 53,000 loans in a year
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- Harshvardhan Lunia, in 2014 noticed businesses and SMEs around his hometown being run by a younger and more digital generation
- Harsh soon launched Lendingkart, a fintech startup that provides working capital loans to SMEs and MSMEs.
- In FY20 alone, the startup had disbursed 53,000 loans. The company said this was an 83 percent increase over the last year. It has successfully extended its support to over 90,000 small business across 1300 cities and towns from 2015 to now.
21975. How a garage-born gaming startup grew in the pandemic with fantasy cricket and casual games
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- As Online gaming startup PlayerzPot, which originated in a Navi Mumbai garage, drew small-town users in the pandemic. Now, it wants to go beyond fantasy cricket.
- In 2015, software professionals Yogesh Doiphode and Mitesh Gangar started PlayerzPot out of a small garage in Navi Mumbai.
- The startup launched the first version of its product in 2016, coinciding with the IPL, which has been a growth driver for fantasy gaming in India. Initially, PlayerzPot rolled out just a website; there was no mobile site or app.
21976. This Y Combinator startup aims to be the Zoom alternative for all Indian startups, SMEs
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- As A Y Combinator - Winter 2021 startup, Dyte is a Made in India video calling platform that competes with Zoom, allowing you to integrate plug-ins (apps) right into your call.
- Abhishek (Accenture Analytics), Kushagra (Paypal), and Palash (CloudSek) — the trio had decided, if they would ever build a startup, they would do it together
- This led them to start Dyte — a Made in India video calling platform — that allows you to integrate plug-ins (apps) right into your video call. The Delhi-NCR-headquartered startup was founded in September 2020 and has been selected for Y Combinator - Winter 2021 batch. At present, the co-founders work remotely, where Abhishek works out of Faridabad, Kushagra out of Haridwar, and Palash is based out of Rajasthan.
21977. This agritech startup aims to make trading of commodities simple and transparent
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- Origo Commodities, the Gurugram-headquartered agritech startup founded in 2010 by IIT Delhi graduate Sunoor Kaul and Mayank Dhanuka, has been focused on these two elements – supply chain and financing, to ensure that farmers get a fair price and others involved in this ecosystem get access to legitimate capital.
- The agritech startup, which received initial funding of $8 million from HNIs based in the US, went about building a supply chain infrastructure where the farmers, traders, millers among many others can store their produce in the warehouse facilities for a nominal fee.
- Today, it has a pan-India footprint of more than 500 warehouses across 15 states, and a storage capacity of 3.5 million metric tonnes for a wide range of commodities. Its warehouses are utilised by private players and government agencies alike. It currently has assets under management of around $1.4 billion. But the most crucial aspect for Origo Commodities is financing
21978. Why this MSME lending startup believes it can grow big by lending to micro-enterprises
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- Founded in 2014 by Sanjay Sharma and Vikram Jetley, Gurugram-based MSME lending startup Aye Finance enables financial inclusion for micro-enterprises through tech-based processes to build credit insights. It doubled its revenue to Rs 410 crore this year.
- "We have disrupted the status quo with innovative credit assessment methods that do not rely on traditional business documentation and methods. We have leveraged the advancement in data analytics and technology to not only make sound risk assessments but also simplify the lending process, reduce their borrowing costs, and enhance customer experience," says Sanjay.
- Sanjay was working in a housing finance company at a leadership position in the UAE before he decided to head back to India to look for opportunities to contribute to social impact in 2013. Vikram, on the other hand, worked with HDFC Bank and National Bank of Oman. The duo got together in 2013 to pursue this opportunity of lending for social impact.
21979. [YS Exclusive] How this Bengaluru-based blogging startup got Silicon Valley investor Naval Ravikant to invest in it
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- In an exclusive interaction with YourStory, noted Silicon Valley investor Naval Ravikant and Uncorrelated Ventures’ Salil Deshpande talk about how they got onto investing in Delaware and Bengaluru-based startup Hashnode — a blogging platform for software developers’ community.
- Naval Ravikant is one of the most respected and successful angel investors of Silicon Valley, who has invested in over 200 companies that include some of the biggest names — Uber, Twitter, FourSquare, Postmates, Yammer, among others. The Co-founder and CEO of AngelList has also had over 70 exits.
- Hashnode Co-founders Syed Fazle Rahman and Sandeep Panda, impressing Naval Ravikant in an elevator pitch was no mean feat.
21980. Edtech startup TagHive is building interactive classroom solutions to make education accessible to all
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- The Class Saathi at-home version also offers an AI-powered personalised learning experience to students. At present, it offers math and science content for students from Class 6 to Class 10.
- in 2017 by launching edtech startup TagHive. Headquartered in South Korea, TagHive spun off from Samsung’s C-lab incubator programme and has built an interactive classroom solution to positively impact the lives of children studying in schools like those in his village.
- TagHive’s flagship product is Class Saathi,