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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102405) | |
21661. [Funding alert] Gourmet Garden raises pre-series A from Incubate Fund India, Whiteboard Capital
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- Bootstrapped edtech startup NotJustLex offers live learning sessions and certificate courses in corporate law to students and fresh recruits at law firms.
- NotJustLex, a DPIIT-recognised startup, wants to bridge the gap between theoretical law and practical application, and make quality legal learning accessible to not only legal students but also fresh law graduates looking to upskill.
- At present, NotJustLex offers certificate courses in ‘Private Equity Investments in India’, ‘Commercial Contracts in India’, ‘Sports Law in India’, and ‘Finance for Legal Professionals’.
21662. Ultrasound in your pocket: Sandeep Akkaraju's quest to democratise healthcare with his startup Exo
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- According to the World Health Organization (WHO), 75 percent of the world does not have access to medical imaging, and the WHO goes on to add that a portable ultrasound imager can change the world. The point-of-care ultrasound technology is touted as the future of medical device technology.
- Redwood City-based Exo will be taking on legacy ultrasound machines that are not portable and expensive.
- Exo's ultrasound platform uses nano materials and signal processing to enable image fidelity, penetration depth, and 3D imaging capabilities on a silicon-based chip that can be used in high-fidelity imaging to HIFU-based therapeutics.
21663. Sound of success: Consumer tech startup boAT powers ahead as India goes vocal for local
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- Founded in 2016, boAT clocked a revenue of Rs 500 crore in FY 2020, a 108.8 percent growth from FY 2019. Now, the co-founders are setting their sights on building a global audio business out of India.
- Today, boAt is present in 5,000 retail stores, supported by 20 distributors. The startup claims to be clocking sales of over 10,000 units a day, and four million units per year, and says it has served 20 million Indians so far.
- Behind boAt’s growth is a consumer-first approach, which has made the startup one of the most sought-after youth brands in India. Almost 80 percent of its sales coming from ecommerce channels such as Amazon and Flipkart.
21664. How this tech startup tailored its business to see growth during the pandemic
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- Mirrorsize’s patent-pending technology uses a combination of AI, image processing, and data analytics to find precise body measurements and create bespoke outfits for customers.
- Mirrorsize, an AI company that offers a 3D body measurement tool with a laptop or smartphone camera, is making the most of the present situation.
- “COVID has turned out to be an opportunity for Mirrorsize, which has fast forwarded digital implementation among various customers,” says Arup Chakraborty, CEO and Founder, Mirrorsize.
21665. Backed by Apollo Group, this edtech startup aims to bridge skills gap in the healthcare space
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- Hyderabad-based healthcare-focused edtech startup Medvarsity offers 140 courses in clinical and management areas for doctors, nurses, and general management personnel. It claims to have trained over three lakh medical professionals till now.
- The gaps in healthcare education led to the birth of Hyderabad-based Medvarsity, which was established and promoted by Apollo Group in 2000 with one vision: impacting healthcare through education.
- Launched as Apollo Medvarsity, the company was rebranded as Medvarsity Online in 2016 with the launch of a new website. Gerald Jaideep took over as CEO and the online varsity has over the years evolved into Asia’s largest healthcare edtech company.
21666. Chennai-based Jnana Inventive is helping retailers connect with users online amid pandemic
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- Jnana Inventive’s SaaS application, e-vaadikkai, helps retailers gain online presence and connect with users under their own shop or brand name.
- Launched in 2018, Jnana Inventive is the brainchild of husband-wife duo Kalidoss Rajagopalan and DC Sinthuja, and is looking to help offline retail shop owners move their businesses online and connect with customers through its SaaS application, e-vaadikkai.
- E-vaadikkai was launched to solve these problems and help retailers grow their business online, he adds. At present, the SaaS application has over 100 retailers listed on its platform.
21667. [Startup Bharat] A bank account for pocket money: Paysack is making finances ‘Funq’ for students
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- Kochi-based fintech startup Paysack launched its student banking platform Funq to enable financial institutions to launch and build in-class solutions.
- “The student community requires a robust but flexible solution for fee payments, automatic reconciliation, digital campus payment, and lending solutions,” says Ricky Jacob, Co-founder of Kochi-based fintech startup Paysack.
- Founded in 2015, Paysack was initially bootstrapped and based out of Bengaluru. In 2016, to cut down expenses, the startup moved its base to Kochi. Moving forward, between 2015 and 2018, Paysack raised a total of $100,000 funding from friends and family, and a pool of angel investors
21668. This startup is making cryptocurrency investing as easy as ordering food
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- With 300,000 users already on board, CoinSwitch Kuber has seen rapid growth. The startup expects to onboard over 1.5 million users and hopes to become the most trusted company for cryptocurrency investing in India.
- Cryptocurrency may not be a favourite of regulators in India, but it is clearly a hot currency for the startups, users as well as investors. And Bengaluru-based CoinSwitch reflects this uptrend.
- Interestingly, while other companies may have shrunk their operations due to the pandemic or have had to pause the business, CoinSwitch Kuber, a crypto trading platform for India, was launched right in the midst the coronavirus outbreak. The founders say that they saw a spike in growth because traditional markets have been in turmoil due to COVID-19.
21669. After losing their jobs, two engineers from Mandasa in Andhra Pradesh develop a grocery-delivery app
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- A Rupesh and Y Dhilli Rao developed an app to deliver groceries to the residents of Mandasa, Srikakulam at a delivery charge of Rs 9 for purchases below Rs 1,000
- “I ordered vegetables and fruits worth Rs 800 a few days ago and they delivered them in 45 minutes. Instead of going to the market amid the risk of infection, I place the orders on the app. I received the delivery in just half-an-hour after placing the order on the SSV EGrocery app. They charge less than the market price too,” said B Shiva Prasad, a resident of Mandasa.
- Due to the increasing number of cases in the district, they decided to introduce an online shopping app called SSV Egrocery, and met with home delivery facilities and wholesale dealers to procure quality items.
21670. [Startup Bharat] Guwahati-based Aromica Tea promotes wellness through organic and herbal tea blends
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- Launched in 2018, Guwahati-based tea startup Aromica Tea offers 30 tea blends that incorporate the health benefits of natural herbs and ingredients.
- These include Guwahati-based Aromica Tea, which is blending good health and wellness in their range of teas. Founded in 2018 by husband and wife duo, Ranjit and Dolly Sharma Baruah, the startup offers 30 tea blends that incorporate health benefits of natural herbs and ingredients.
- Aromica Tea was first launched with five tea blends during the India International Tea & Coffee Expo held at Kolkata in 2018. The tea startup now offers about 30 tea blends, each with its own taste, character, and health benefits. Popular varieties include, chamomile tea, tulsi green tea, blue tea, the patent-pending bhut jolokia tea, saffron tea, yellow tea, oolong tea, moringa tulsi green tea, and turmeric tea.