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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102251) | |
22111. Taiwanese suppliers for Apple to invest US$900 million in India
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
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India
Taiwan News
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- Three Apple suppliers in Taiwan are reportedly planning to invest a total of US$900 million in India in the next five years under the Indian government's new incentive plan for large-scale electronics manufacturing.
- The three Taiwanese contract manufacturers — Foxconn, Wistron, and Pegatron — all plan to participate in India's US$6.65 billion production-linked incentive (PLI) scheme, according to Reuters. The scheme is expected to help add 0.5 percent to India's economic growth in five years by encouraging local electronics production and attracting large investments from major global manufacturers.
- The report said that Foxconn has already applied to invest US$542 million, while Wistron and Pegatron have committed to invest US$176 million and US$163 million, respectively. Although it is unknown whether all the investment will go towards producing Apple products, sources familiar with the matter told Reuters that the majority of it will be used to expand iPhone manufacturing in India.
22112. ‘Study now, pay later’ is Mumbai-based startup Eduvanz’s USP for education loans
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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India
Your Story
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- Fintech startup Eduvanz, founded by IIT graduate Varun Chopra and IIM alumnus Raheel Shah, offers easy, fast, and affordable financing options for students, learners, and parents.
- Set up in 2016 offers flexible tenures, fast turnaround time, and full transparency on loan decisions for all learning requirements, be it K-12 (school), higher education, or professional development courses..
- “Based on our research, we realized the need to build a complete new lending entity — one that gets all stakeholders (parents, students, institutes, etc.) on the same platform and holds each stakeholder accountable for its role,” says Varun.
22113. [Funding alert] EV startup Etrio raises $3M in Series A round
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
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India
Your Story
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- Edtech startup Codeyoung will use the fresh funds to scale up in international markets, as well as strengthen academics research, technology, and product teams.
- Codeyoung, a Bengaluru-based startup that provides live online coding classes to K12 students, has raised an undisclosed amount in a seed round of funding led by US-based VC firm Guild Capital.
- The raised funds will be used by the edtech startup to scale up in international markets, as well as strengthen academics research, technology, and product teams.
22114. This SaaS startup is helping 3M SMBs open their mobile ecommerce ‘Dukaans’
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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India
Your Story
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- Founded in May 2020, Bengaluru SaaS startup Dukaan is helping SMBs across Tier III cities open mobile-first ecommerce sites on its platform.
- Founded by Suumit Shah, Subhash Choudhary, Anurag Meena, and Kaustub Pandey, Dukaan allows anyone to set up an ecommerce website on its platform within 30 seconds of using its app.
- "Dukaan was kind of a hackathon project for me. But, seeing this massive response from the sellers made me believe that Dukaan was a once in a lifetime opportunity to build something which could actually impact the lives of millions of people positively," says Suumit.
22115. [Funding alert] Edtech startup Codeyoung raises seed round from Guild Capital
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Your Story
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- Edtech startup Codeyoung will use the fresh funds to scale up in international markets, as well as strengthen academics research, technology, and product teams.
- Codeyoung, a Bengaluru-based startup that provides live online coding classes to K12 students, has raised an undisclosed amount in a seed round of funding led by US-based VC firm Guild Capital.
- The raised funds will be used by the edtech startup to scale up in international markets, as well as strengthen academics research, technology, and product teams.
22116. [Startup Bharat] This startup builds chatbots from hinterland India for global businesses
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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India
Your Story
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- Anshul Shrivastava started AxleWeb Technologies, a web development company, from Rewa in Madhya Pradesh. The company has been recognised by the government’s Startup India initiative.
- Thirty-three year old Anshul Shrivastava launched the startup in June 2019 from his native town Rewa. Besides chatbots, AxleWeb is also dedicated to developing related products like Alexa Skills, Google Home Actions, and other voice platforms.
- Chatbots and AI-enabled assistants have taken over brand-consumer interaction in a big way. With increasing number of smartphones, a large section of the online population has access to messaging apps on their phones, and thus prefer to use chatbots to interact with brands at their own convenience rather than get on a call.
22117. IIT Kanpur startup aims to disrupt battery storage with low-cost, indigenous, eco-friendly invention
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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India
Your Story
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- ZinGel batteries made by the startup Offgrid Energy Labs dispenses with costly, imported Li-ion cells and largely inefficient lead acid for use in electric mobility.
- Lead acid, most commonly used in batteries, is cheap but low on efficiency. They were used in EVs till 2015, but from 2016 onwards India began transitioning to lithium-ion batteries. However, lithium-ion cells require costly rare elements such as lithium and cobalt to be imported from countries including China.
- This is where ZincGel, a battery chemistry invented by IIT Kanpur-incubated startup Offgrid Energy Labs, aims to make a difference. The startup was founded by Tejas Kusurkar, Brindan Tulachan, Rishi Srivastava and Ankur Agarwal in early 2018.
22118. [Startup Bharat] Pune-based Paivi is joining the green mission with eco-friendly, everyday-use items
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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India
Your Story
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- In a bid to do away with single-use plastics and promote plastic alternatives in items for everyday use, Paivi sells a range of recyclable and biodegradable products such as edible straws, bamboo toothbrushes, razors, tongue cleaners, stationery items, and more.
- Ruchi Jain had few entrepreneurial role models around her growing up. But she knew getting into business for herself was something she definitely wanted to do.
- She decided to make plastic-free, biodegradable versions of everyday products, and launched her startup, Paivi, in 2019. The company makes environmentally-friendly, biodegradable and plastic-free everyday-use products such as bamboo toothbrushes, edible rice and wheat drinking straws, wooden combs, biodegradable pens and pencils, natural dishwashing loofahs, and husk razors, among several others.
22119. Fintech to farming: Why Amit Sinha quit Paytm to build an agritech startup, backed by VSS, NABARD
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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India
Your Story
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- In 2019, Paytm Mall’s former COO Amit Sinha founded Unnati, a fintech-powered agritech startup. It is backed by NABARD’s venture capital arm, Vijay Shekhar Sharma, and other members of the ‘Paytm mafia’.
- Over two stints across 12 years at the fintech decacorn, Amit served as its CFO, Head of HR, COO of Paytm Mall, and Business Head for Paytm Insurance. Then, in 2019, he launched his own agritech startup Unnati. Joining him as the co-founder was Ashok Prasad (friend and former colleague from Paytm).
- Essentially, Unnati makes technological interventions to ‘improve’ every stage of a farmer’s crop cycle — from seed buying and crop guidance, to supply of inputs (pesticides, fertilisers, etc.), market linkages for the sale of produce to the fulfilment of his working capital needs, and more.
22120. E-Cell, IIT Bombay is back with the 16th edition of their annual entrepreneurship fest, E-Summit 2021
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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India
Your Story
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- The 16th edition of the E-Summit organised by Entrepreneurship Cell (E-Cell), a non-profit organisation run by students of IIT Bombay, is aimed at celebrating innovators and entrepreneurs who stood strong in these difficult times.
- Entrepreneurship Cell (E-Cell), a non-profit organisation run by students of IIT Bombay, is all set to launch the 16th chapter of its annual entrepreneurship fest, E-Summit 2021: A Blizzard of Ingenuity in order to celebrate and acknowledge the entrepreneurs who stood strong in the difficult times.
- “At E-Cell IIT Bombay, we take every opportunity to celebrate the spirit of entrepreneurship. Be it students or professionals, we try our best to cater to the needs of all”, said Akash Khonde, the Overall Coordinator at E-Cell.