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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102261) | |
21921. [Startup Bharat] These entrepreneurs from Ranchi started up to digitise non-tech businesses
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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India
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- Aayush Agrawal, Shaurya Poddar, Shreyansh Jain, and Udit Poddar realised the stark difference between how technology companies manage their operations and data versus how traditional verticals like mining, manufacturing, infrastructure development, and others manage these operations.
- in 2017 to solve the data management challenge in these traditional verticals with the aim to increase information discovery.
- Registered under the name Pragyaam Data Technologies, it eventually evolved into a B2B SaaS company named Grid in 2019. “Grid was founded to solve the problems of scalability, long timelines, unreasonable costs, and user acceptance issues that businesses faced with the customised software/tailor-made market, and on the other hand the rigidity of readily available domain specific ones,” says Udit, who is also the CEO of the company..
21922. This startup is ensuring a self-drive EV for last mile jockeying
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- Nikhil started inGo Electric in 2017 to enable people to ride their last mile on electric vehicles (EV) with light, futuristic, and carbon-emission free two-wheelers.
- It’s product inGo Tron is going to hit the roads next month, a smart and sustainable commuting device which is also energy efficient and enables travel up to 20 km on a single charge or battery swap.
- The electric vehicle market is likely to be a Rs 50,000-crore opportunity in India by 2025, with two and three-wheelers expected to drive higher electrification of the vehicles in the medium term in the wake of COVID-19, according to a report by Avendus Capital, the investment banking arm of financial services provider Avendus Group.
21923. How Bengaluru-based femtech startup Ava aims to be every woman’s wellness buddy
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Startups in Bharat
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- Founded in December 2019 by Evelyn Immanuel, the platform aims to be every woman's wellness buddy by promoting a disciplined and holistic approach to ensure a better quality of life and avert future complications.
- The Bengaluru-headquartered femtech startup offers curated programmes and personalised plans to help women deal with chronic health conditions such as PCOS, thyroid, insulin resistance etc.
- “We’re solving for chronic conditions that affect about 68 percent of all women. Chronic conditions require disciplined management and continued monitoring. At Ava, we picked polycystic ovary syndrome (PCOS) as our first beachhead. One in every five women in India suffers PCOS, a condition with varied symptoms such as irregular periods, hirsutism, acne, and weight gain,” Evelyn says.
21924. This woman went from being a Reliance employee to an entrepreneur funded by it
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- Aditi Pany is the Founder and CEO of Qalara, a Bengaluru-based startup that offers a wholesale ecommerce marketplace for small businesses to export across the world.
- The Mukesh Ambani-led Reliance Industries Ltd (RIL) backs the startup.
- She reminisces, “We were enabling education in rural areas in the middle of Orcha, Chambal Valley, in fact, and then went on to work with Ashoka, which is the world's largest network of social entrepreneurs.
21925. This startup enables weavers and artisans to directly connect and sell their products to customers
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Startups in Bharat
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- Hyderabad-based Pickmycloth lets weavers and artisans decide the price and sell their products directly to customers without the interference of middlemen.
- Dinesh Suram, M Ram Kalyan, and PV Abhishek tarted Pickmycloth, an ecommerce platform for weavers/artisans, to sell handloom and handicraft products directly to the customers across the globe.
- The startup began its journey with the handloom clusters of Telangana and Andhra Pradesh
21926. This startup is making online transactions easy and secure without OTPs
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Startups in Bharat
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Bihar
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- Mumbai-based SAWO Labs is a SaaS-powered one-tap authentication service for apps and websites that claims to bring down the cost of authentication for companies.
- Today, most online transactions are secured with one time passwords (OTP) to provide an additional level of security. However, many times, people complain of never receiving OTPs, which makes them repeat the whole login process again.
- To solve this problem, 23-three-year-old Prabhat Sahu founded SAWO Labs early this year.
21927. WB raises India's FY22 GDP forecast to 10.1 pc from 5.4 pc earlier
Make in India / Atmanirbhar
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Investment in Bharat by govt of other countries
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India
ANI
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- A strong rebound in private consumption and investment growth is likely to push India's FY22 growth to 10.1 per cent, according to the World Bank, much higher than the 5.4 per cent it had projected in January.
- The World Bank also gave a range of economic growth for India -- 7.5 to 12.5 per cent, according to its South Asia Economic Focus Spring update report.
- The government consumption is expected to rise by 16.7 per cent 2021, largely reflecting strong fiscal stimulus in India. Other demand categories are also revised up, said the World Bank, as the vaccination drive is expected to improve business activity and spur incomes in contact-intensive sectors.
21928. India attracts over $72 billion FDI in April-January FY21
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
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India
The Times Of India
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- India has attracted record total FDI inflow for the first ten months of a financial year in 2020-21.
- Accordingly, the inflow rose to $72.12 billion during April to January, 2021, 15 per cent higher as compared to the first ten months of 2019-20, when it stood at $62.72 billion.
- "The trends show that the FDI equity inflow grew by 28 per cent in the first ten months of F.Y. 2020-21 ($54.18 billion) compared to the year ago period ($42.34 billion)," the Ministry of Commerce and Industry said.
21929. India attracted highest ever total FDI inflow of US$ 81.72 billion during 2020-21, 10% more than the last financial year
Make in India / Atmanirbhar
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Investment in Bharat by govt of other countries
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India
Press Information Bureau
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- India has attracted highest ever total FDI inflow of US$ 81.72 billion during the financial year 2020-21 and it is 10% higher as compared to the last financial year 2019-20 (US$ 74.39 billion). FDI equity inflow grew by 19% in the F.Y. 2020-21 (US$ 59.64 billion) compared to the previous year F.Y. 2019-20 (US$ 49.98 billion).
- In terms of top investor countries, ‘Singapore’ is at the apex with 29%, followed by the U.S.A (23%) and Mauritius (9%) for the F.Y. 2020-21.
- Computer Software & Hardware’ has emerged as the top sector during F.Y. 2020-21 with around 44% share of the total FDI Equity inflow followed by Construction (Infrastructure) Activities (13%) and Services Sector (8%) respectively
21930. India gets $64 bn FDI last year, 5th largest recipient of inflows globally: UN
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
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India
Hindustan Times
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- The World Investment Report 2021 by the UN Conference on Trade and Development (UNCTAD), released Monday, said global FDI flows have been severely hit by the pandemic and they plunged by 35 per cent in 2020 to USD 1 trillion from USD 1.5 trillion the previous year.
- The report said in India, FDI increased 27 per cent to USD 64 billion in 2020 from USD 51 billion in 2019, pushed up by acquisitions in the information and communication technology (ICT) industry, making the country the fifth largest FDI recipient in the world.
- The report said in India, FDI increased 27 per cent to USD 64 billion in 2020 from USD 51 billion in 2019, pushed up by acquisitions in the information and communication technology (ICT) industry, making the country the fifth largest FDI recipient in the world.