#startup

Positive Reads

Healthy Master: The New Face of Nutritious Indian Snacking

In a world where healthy living often seems at odds with satisfying snacking, Healthy Master is leading a delicious revolution. Founded in 2019 by Dipti Singhal, Shivali Garg, and Tarun Agarwal, this innovative startup is setting new standards in the snacking industry. With Tarun at the helm as CEO, Shivali as chairperson, and Dipti as the managing director, Healthy Master is not just another snack company—it’s a mission-driven enterprise dedicated to bringing health and taste together seamlessly. Transforming Snacking Habits Healthy Master’s vision is simple yet profound: to offer snack options that are both delicious and health-conscious. Their unique selling proposition lies in crafting snacks from power foods such as millet, wheat, soya, and fox seeds, ensuring minimal oil usage. With an impressive catalog of over 250 products, Healthy Master is the biggest brand in India for healthy munching. Innovative Products and Healthy Ingredients One of the standout features of Healthy Master’s snacks is their minimal oil content—ranging from just 2% to 3%. Take, for instance, their Bhakarwadi, which is made from atta and contains zero oil, roasted to perfection for a crispy, guilt-free delight. They also offer a variety of sugar-free bars, including chocobars, protein bars, and energy bars, all devoid of sugar substitutes, making them a perfect choice for health-conscious consumers. Mission and Vision Healthy Master’s mission revolves around helping Indian mothers provide healthy and natural snacks for their families. Recognizing the diverse tastes and dietary needs within a household, the company ensures that their products cater to everyone, from children to adults. This commitment to health and quality is further emphasized through their frequent health awareness drives, educating customers on how to make healthier choices without sacrificing taste. Technological Edge To make healthy snacking accessible, Healthy Master has developed an intuitive app and a comprehensive website. This digital approach allows customers to easily browse and purchase their favorite products, bringing convenience to healthy living. The app and website are designed to provide an effortless shopping experience, reinforcing the company's commitment to customer satisfaction and accessibility. Shark Tank Success Healthy Master’s innovative approach caught the attention of investors on Shark Tank India, where they secured a deal with Vineeta Singh for 50 lakh rupees in exchange for 6.5% equity. This partnership not only provides the company with crucial funding but also brings in Vineeta’s valuable expertise and resources, setting the stage for further growth and expansion. Healthy Master’s Journey The journey of Healthy Master showcases the power of passion and innovation. Dipti and Shivali, who have been neighbors in Bangalore since 2008, combined their shared vision for healthy living with Tarun’s business acumen to create a brand that stands out in the crowded snacking market. Their collaborative efforts have resulted in a product lineup that is as nutritious as it is tasty. Healthy Master is more than just a snack company; it’s a health-conscious movement transforming the way people snack. By combining delicious flavors with health benefits and utilizing technology for ease of access, Healthy Master is redefining healthy munching in India.

24 Jun 2024

Positive Reads

Newspace Raises $52 Million, Achieving the Largest Equity Raise for an Indian Defence Startup

Newspace Research & Technologies (NRT), a leading drone manufacturer in India's defence sector, has made history by securing a record-breaking equity raise of $52 million. This achievement marks a significant milestone for Indian defence startups and highlights the growing potential of the country's defence industry. The funding, which includes a combination of equity and debt facilities, will propel Newspace's expansion plans and solidify its position as a key player in the global market. Equity Raise Breakdown: Newspace has successfully secured $33 million in equity from prominent investors, demonstrating their faith in the company's vision and potential. Additionally, the startup has obtained $19 million in debt facilities from SBI's startup hub and SIDBI. This diverse funding approach showcases the confidence and support from both the private and public sectors in Newspace's innovative drone technology. Leaders in Swarm Drone Technology: Specializing in swarm drone technology, Newspace has established itself as a leader in this field. The company has collaborated closely with the Ministry of Defence, securing running contracts that validate the effectiveness of their cutting-edge drone systems. Notably, Newspace has delivered a world-class swarming system to the defence ministry and holds a global record for the highest altitude flight achieved by a multirotor system. Global Expansion and Collaborations: With a strong foundation in the Indian market, Newspace aims to expand its operations globally. The company has already demonstrated swarm drone operations in Japan, showcasing its capabilities as a first response solution for disaster management. Newspace envisions growth opportunities in Japan, the Middle East, Europe, and the United States. This international expansion will not only contribute to the company's success but also promote India's presence in the global defence industry. Investor Confidence and Government Support: Newspace's equity raise has attracted new venture capitalists, including Cornerstone Venture Partners, 360 ONE Asset, and Volrado Venture Partners. Existing investors have also shown their continued support by contributing over 40% of the current investment. The government's initiatives such as Make in India, Defence Acquisition Procedure (DAP) reforms, and Innovation for Defence Excellence (iDEX) have played a crucial role in fostering a favorable environment for defence startups. These policies, combined with NRT's technological advancements, have generated confidence among investors and paved the way for further growth. Future Prospects and Industry Impact: The successful equity raise by Newspace highlights the potential for Indian defence startups to make a significant impact in the global market. The company's focus on dual-use technologies, particularly in communication and logistics, has impressed industry leaders and investors alike. As Newspace continues to build capabilities and disruptive technologies, it has the potential to become a unicorn within five years. The Indian government recognizes the importance of nurturing such startups to strengthen the defence and aerospace sector and has expressed its commitment to promoting the rise of unicorns in this industry.

4 Mar 2024

Positive Reads

Chennai Startup BookWater Uses QR Codes to Ensure Safe Drinking Water

Chennai-based startup BookWater has introduced an innovative solution to ensure access to safe drinking water through the use of QR codes. Can this technology transform the way we monitor water can quality and safety? BookWater, founded by brothers Bharath Govindaraghavan and Balachander G, addresses the issue of unreliable water can suppliers in Chennai. Many residents, like Supriya Sethuram, have been receiving dirty or cloudy water cans, raising concerns about the water's quality, especially when it comes to their children's health. With the aim of providing a reliable and transparent solution, BookWater has implemented IoT-powered QR codes on their water cans. By scanning the QR code, consumers can access detailed information about the can's quality and history of use. This unique feature sets BookWater apart from other water delivery platforms. The founders, Bharath and Balachander, along with their team, manufacture ISI-rated plastic cans with embedded QR codes. The codes allow users to track the cans' movement, monitor the number of times they have been reused, and obtain reports on important quality parameters such as TDS levels, pH levels, and manufacturing dates. BookWater emphasizes the importance of disposing of the cans after a certain number of uses to maintain water quality and prevent the release of harmful microplastics. To promote sustainability, the startup collaborates with recycling companies to upcycle used cans into useful products like t-shirts. Currently serving 3,000 users in Chennai, BookWater aims to expand its services to other regions of India in the next two years. By leveraging QR code technology, this innovative startup is revolutionizing the way we access safe drinking water and promoting a healthier and more sustainable future.

6 Jan 2024

Positive Reads

Employees of this Bengaluru Based Firm Get a Surprise Holiday for International Sleep Day!

In a world where work-life balance is becoming increasingly important, Wakefit Solutions, a Bengaluru-based startup, is taking employee well-being to a whole new level. The company gave its employees a surprise holiday on March 17th, in celebration of International Sleep Day! The startup, which specializes in home-and-sleep solutions, has been gaining popularity in recent years, thanks to its innovative products and services. However, what really sets Wakefit Solutions apart is its focus on employee wellbeing. Last year, the company introduced a "Right to Nap" policy, allowing its employees to take a 30-minute nap during working hours. This year, the company is taking things a step further, by giving its employees an entire day off to rest and recharge. The company's decision to celebrate International Sleep Day in such a unique and meaningful way is not surprising. In fact, the startup is known for its commitment to promoting wellness practices among its workforce. According to the company's latest Great Indian Sleep Scorecard, there has been a 21% increase in people feeling sleepy during work hours since 2022 and an 11% spike in people waking up tired. In light of these findings, the company felt that it was important to prioritize employee well-being by giving them a day to catch up on much-needed sleep. In a message sent to all employees, Wakefit Solutions stated: "As sleep enthusiasts, we consider Sleep Day a festival, especially when it falls on a Friday! You can avail of this leave like any other through the HR portal." The company's decision to grant its employees an optional holiday indicates its commitment to developing a culture that strongly promotes self-care. In a world where burnout and stress are all too common, initiatives like these are a breath of fresh air. We can only hope that more companies will follow in Wakefit Solutions' footsteps and prioritize employee well-being in the years to come.

17 Mar 2023

Positive Reads

Good News

Startups Pine Labs, Zepto, and Meesho in Queue for India Return: A Trend of 'Reverse Flip'

In a significant trend, several Indian-origin startups, including Pine Labs, Zepto, and Meesho, are considering a "reverse flip" by moving their headquarters back to India. This move aims to take advantage of the rising valuations offered by the country's domestic public markets. However, these companies face the challenge of navigating tax implications and regulatory processes. Let's explore the details of this emerging trend. Pine Labs and Zepto Seek Approval for Cross-Border Merger Payments major Pine Labs and quick commerce firm Zepto have initiated the process of seeking approval for a cross-border merger of their respective holding companies based in Singapore with their Indian operations. Pine Labs has already approached the National Company Law Tribunal (NCLT) and regulatory authorities in Singapore. Zepto, too, is in the final stages of filing a similar application. The outcome of these applications could set a precedent for other companies planning a reverse flip. Meesho Explores Fresh Funding to Meet Tax Payout Meesho, another startup contemplating a return to India, is exploring options to raise fresh funding. This additional capital would help the company cover the substantial tax payout it would face upon relocating to India. By leveraging new investments, Meesho aims to maintain its financial strength while countering potential competition in the Indian market. Heading: Tax Implications and Concerns Moving their headquarters back to India comes with significant tax implications for these startups. Depending on the chosen route, companies will have to pay taxes either in their current overseas locations or in India. The quantum of taxation will be determined by factors such as company valuation and third-party audits. Startups like Meesho, advised against using their existing cash reserves for the transition, may opt to raise additional funds instead. Incentives and Valuations Despite the challenges, the allure of handsome valuations remains a driving force behind the reverse flip trend. Indian public markets tend to assign higher values to technology ventures, particularly those with strong brand recall and consumer appeal. Startups in sectors such as fintech find regulations in India more favorable, making a return to the country even more attractive. The Flipping Trend and Concerns The reverse flip trend highlights a recurring issue faced by startups that initially sought foreign investors due to limited local funding opportunities. Setting up holding companies overseas seemed like the best solution at the time. However, with the evolution of the Indian startup ecosystem and the availability of sufficient funding, this strategic decision has presented new challenges for these companies. As the reverse flip trend gains momentum, it will be interesting to see how other startups respond and whether this movement will lead to further growth in the Indian startup landscape.

22 Mar 2024

Good News

India Plans to Boost Space Startups

India's national space program has achieved impressive feats, including the first landing on the Moon at the South Pole last year, and Prime Minister Narendra Modi this week announced the names of four Indian astronauts for the country's first manned mission in 2025. But. the private sector has not had the same success, as Indian startups have lagged in China. Modi's government last week approved rules aimed at encouraging foreign investment in rocket and satellite manufacturing. This is just the beginning, says one of Modi's top space officials. The government is finalizing comprehensive regulations for the country's growing space sector, said Pawan Goenka, president of India's National Space Promotion and Licensing Center EN-SPACo. "Everything is defined: what can be done, existing restrictions, authorization processes, supplier policies, supply chain management, and more factors," Goenka stated in a prestigious interview session. The Indian Space Research Organization (ISRO) is one of the world's largest national space agencies, but the development of the private sector has been slow because the government has allowed only a few vendors and manufacturers to participate. However, in the past five years, the Modi government has made several policy changes to open up the space industry to the private sector. The overarching 150-page "standards, guidelines and procedures" document provides guidelines and safeguards for the private sector, Goenka said, for companies that want to expand into rocket manufacturing, satellite software, and other space services. The new policy promises to simplify the approval process by reducing the number of government agencies that need to sign off on projects. "The rules are being simplified to provide a one-stop shop for all companies and operators interested in space," he said. Bhatt. "The industry needs clarity in the processes of rocket production and connection to satellite services." One company that is already taking advantage of the new opportunities is Larsen and Toubro Ltd ~ The Mumbai-based group is a partner of state-owned Hindustan Aeronautics Ltd in a consortium that won a contract to build five Polar satellite launch vehicles in 2022. , a 44-meter-tall (144-foot) rocket with a maximum payload of 1.75 tons, which has been Isro's workhorse for three decades. The first privately produced PSLV will be delivered by mid-2024. Other companies should also wait for opportunities, Goenka said. His office last year began soliciting bids from private companies to build another rocket, a small satellite launch vehicle designed by Isro to launch payloads of up to 500 kilograms (1,100 pounds). The government also wants companies to participate in production. India's space agencies have collectively raised $5.1 billion in equity since 2020, according to New York-based venture capital firm Space Capital. One of the most popular startups, Skyroot Aerospace Pvt. Ltd., completed the first suborbital launch by an Indian private sector company in 2022, and the Hyderabad-based company is planning an orbital launch this year. Another company, Agnikul Cosmos, said it would launch its first rocket this month. While several new Chinese companies have sent rockets into orbit, no Indian launch has succeeded so far. China also has far more launches by state-owned and private companies: India has launched just 16 space flights since the start of 2020, compared to China's 226, according to Virginia-based analytics and engineering firm Bryce Space and Technology. Isro is trying to help start-ups by alleviating initial difficulties. The agency has two launch pads at the Satish Dhawan Space Center in southern Tamil Nadu and is building a second launch complex at Kulasekarapattinam, nearly 180 kilometers from the site. the southernmost tip of the country. According to Goenka, the new location will open next year and will be designed to launch both government and commercial satellites. ''When the second launch complex is ready, we will have the ability to launch one rocket a week," he said.

1 Mar 2024

Good News

The AI Trailblazers of India: Transforming Industries through Innovation!

Artificial Intelligence (AI) has emerged as a powerful tool with the potential to revolutionize various industries. In India, several startups are harnessing the power of AI to solve complex problems and make a positive impact. Here are five AI innovations by Indians that are reshaping industries and transforming lives. 1. Fixing Potholes with AI: Dipen Babariya developed an AI-based software called RoadMetrics that examines road health and generates reports to help municipalities and private entities repair roads efficiently. 2. Keeping Soldiers Warm: Neel Panchal and Khushboo Patel designed an AI-powered smart jacket made of graphene, ensuring armed forces personnel stay warm and comfortable even in extreme climates. 3. Providing Rural Healthcare: Dr. (Maj) Satish Somayya Jeevannavar introduced AiSteth, a digital stethoscope that records and analyzes patient heart sounds, enabling affordable healthcare in rural areas. 4. Protecting Soil with AI: Jaisimha Rao's AI-powered spot spray robots selectively provide cover to plants, safeguarding soil from excessive chemical damage and promoting sustainable agriculture. 5. Regaining Mobility: John Ignatius Kujur developed an AI-powered Exoskeleton that helps disabled individuals gradually regain mobility through sensor-based feedback and real-time monitoring. These innovations showcase the diverse applications of AI in different sectors, ranging from infrastructure and defense to healthcare and agriculture. By leveraging AI technology, these Indian startups are driving positive change, improving efficiency, and enhancing the quality of life for people across the country. As AI continues to advance, it holds tremendous potential to solve complex challenges and create a brighter future. Indian innovators are at the forefront of this transformation, harnessing AI for the greater good of society.

5 Jan 2024

Good News

Big Announcement at IGF Annual Summit 2023: India's New AI Chatbot to Rival ChatGPT

India is causing a stir in the tech world with its upcoming AI chatbot, poised to challenge the mighty ChatGPT from OpenAI. During the India Global Forum Annual Summit, Ashwini Vaishnaw, the Union Minister for Electronics and Information Technology, hinted at a "big announcement" regarding this new chatbot. The highly-anticipated release comes on the heels of OpenAI's impressive record, with its chatbot amassing over 100 million users in its first two months and now welcoming 13 million visitors daily in 2023. With India making a bold move to enter the AI chatbot arena, the competition is sure to be fierce, as tech enthusiasts eagerly await the latest updates and breakthroughs. As India continues to grow as a technology giant, the government is supporting the country's startup and entrepreneurial community amid the recent Silicon Valley Bank collapse. Vaishnaw assured that the government is collaborating with the startup community to ensure that they are not affected by the crisis. Furthermore, India is shifting from being a technology consumer to a technology producer, with companies seeking to partner with Indian startups and entrepreneurs for technology development. Vaishnaw also spoke about India's ambition to lead the way in 6G telecom services, with the government already holding 127 patents related to the technology. Although 6G is still a few years away, India is positioning itself to be at the forefront of its development. The India Global Forum Annual Summit brought together former and current ministers, as well as diplomats and business representatives, to discuss India's growing startup sector community and the opportunities for partnership and growth. With India's determination to lead the way in technology and innovation, it is an exciting time for the country's tech industry and the global market as a whole.

31 Mar 2023

Good News

India’s First-of-Its-Kind Tech and Startup Museum To Come Up in Bengaluru

Bengaluru, the silicon valley of India, will house the nation's first museum celebrating technological, innovative, and startup achievements. The government has stated that it will be the first of its kind in India and that it will be fully operational in the next 18 to 24 months. The project would be built at the NGEF site in Byappanahalli, together with the forthcoming tree project in the same location, according to Chief Minister Basavaraj Bommai. The museum will highlight India's $227 billion+ technology industry. Officials stated that it will be a public-private partnership effort with a $100 crore initial capital commitment. According to The Economic Times, the unique museum will concentrate on three key areas. First, it will emphasize the technological advancements made by government research labs and institutes including Hindustan Aeronautics Ltd. and the Indian Space Research Organisation (ISRO). Second, the museum will feature domestic and international corporations and companies that have encouraged India's ability for innovation and technology. Last but not least, it would raise awareness of startup achievements among the general public given that India has witnessed more than 100 businesses join the unicorn club using an innovative and entrepreneurial strategy. Visitors to the museum can find out more about India's technological advancements in the past, present, and future, particularly Karnataka's expansion and development in these areas. Additionally, it will encourage and stimulate other states and young individuals to pursue entrepreneurship and make a positive contribution to India's progressive future.

4 Jan 2023

Good News

An Innovative Startup That Uses Tech To Take Care of Trees!

Imagine a startup that digitizes the process of taking care of a plant. That’s exactly the initiative of two classmates who are environmentally conscious and wish to contribute to this cause. Abhijith Kumar Meenakumari and Aashuthosh B Sai founded the startup Tree Tag which uses technology to record the growth of thousands of trees. Abhijith, a mechanical engineering graduate, has always been enthusiastic about initiatives for environmental conservation. He came across this idea when he was asked to develop a platform to track the growth of around 7000 trees as part of the tree banking initiative of Meenangadi village in Wayanad. It became a success and he was approached by many nature enthusiasts for similar services. Tree Tag was founded in 2021 and already caters to over 50 clients all over the globe. The majority of its business prospects arise from its client’s Corporate Social Responsibility (CSR) projects that prioritize environmental conservation. Tree Tag helps to track the status of trees planted during afforestation projects carried out by companies in association with NGOs or other such organizations. It is also collaborating with a major project of tracking one million trees in the Amazon, the largest rainforest in the world. It also has plans to use satellite as well as drone-based services for its larger projects. In a hackathon organized by Kerala Startup Mission (KSUM), - Climathon-2022, the company was adjudged the winner. It has won numerous accolades for addressing environmental issues.

6 Dec 2022

Good News

Know More About Robochef That Prepares Mouthwatering Delicacies in Bulk Quantities With Automated Technology

A startup in Chennai is using automated technology to prepare food in bulk quantities, thus saving a lot of time and effort. Saravanan Sundaramoorthy informs that he and his team have pre-programmed nearly 600 dishes into Robochef. Robochef is a massive stainless steel structure wherein one only has to feed the raw materials like vegetables, spices, oil etc and the machine will promptly prepare the dish without any further human intervention, thus eliminating the cost of cooks as well as saving time. Robochef Robochef is a big machine with belts carrying containers and utensils that function through sensors tuned to computer codes. The ingredients for a particular dish is loaded into the machine and the computer initiates the cooking process. It is equipped with an automated twin headed spatula for stirring. It is so efficient that one need not even chop or clean the vegetables. The entire cooking process from cleaning ingredients, chopping, frying, adding spices, stirring, etc. is entirely done by the machine. Saves Cost And Time Robochef can replace a large number of cooks thus saving labour cost. It can prepare delicious dishes in bulk quantities which helps to save time as well. At present, the startup has tied up with caterers who supply in bulk to events and hotels. According to Saravanan, the product has helped them to improve their gains. The domestic variant of Robochef costs Rs 6 lakh and it has already found a few customers. In the future, Robochef could be a boon to homemakers and working women as it will relieve them from the daily task of cooking so that they could find more time for themselves. Image Source: Indiegogo

20 Nov 2019

Good News

Kochi Startup Launches Their E-Bike

All of us know that electrical bicycles are environment-friendly, therefore opting for one would be a great choice. The market has been gaining a lot of popularity in India and to be a part of it, Kochi’s Smado Labs Pvt Ltd has come up with its own e-bike. The Variants of the E-Bike The electric bicycle launched by the startup is foldable which makes it portable. It comes in two variants, Alpha-1 and Alpha-1pro. The e-bike has a 48v, 250W motor which is backed by a Panasonic 48V10AH lithium-ion battery as reported by TOI. While talking to the portal about the variants, the co-founder and CEO of Smado Labs Pvt Ltd, Midhun Sankar said: “We currently have two variants - Alpha-1 with a range of 50km and Alpha-1pro that can do 100km for two hours of charging. We have a launch offer of Rs 49,500 and Rs 69,500 for them.” Midhun launched the startup in 2016 along with Jishnu P and Ashin A and by launching the e-bike they have introduced the first electrical bicycle of Kochi. Any vehicle that runs on the battery is highly beneficial for our environment. And choosing to ride them is certainly a smart move to make. Image Courtesy: Kochi Localpedia

3 Aug 2019

Good News

Gujarat to support cow-oriented start-ups

In this week where the nation is talking about the new cow protection law, a small move in Gujarat hopes to give a positive twist to the debate. Now, Gujarat Government is encouraging people to support start-ups which are cow-oriented. This move aims to promote cow-based industry in the state. Any cow related start-ups like professional cow rearing or sale of cow products like milk, ghee, buttermilk, among others, this move will focus to branding cow products through new medium. The Gau Seva Aayog will start a statewide consultation with chambers of commerce, industry associations and major companies, to support cow-based startups. There will also be a special venture fund that will help to support the start-ups. While talking to The Times of India, Dr Vallabh Kathiriya, chairman of Gau Seva Aayog said, "There is huge scope for cow rearing and making cow-based products commercially successful, thus providing jobs to thousands of people. So far it has not been promoted in this way. We have decided to promote cow-based startups and PM Narendra Modi's "Make in India" scheme. Soon we will invite top industrialists, chambers of commerce, various industrial associations to make the cow-based startups a grand success.” "There is ample scope for such startups in rural and semi-urban areas as well as for selling cow-based products online and offline in major cities. We hope to involve women's groups who are involved in cow rearing," he added.

11 Apr 2017

Good News

Star Citizens

How a Daily Wager Broke Free From Poverty to Become a Successful Entrepreneur

In a remarkable tale of resilience and determination, Diganta Das, a former daily wager from Assam, has defied all odds to start his own paratha startup, becoming an inspiring figure in the food business. After leaving his village in 2001 in search of better opportunities, Diganta worked tirelessly in various roles, from laborer and cook to security guard and coal mine worker. However, his journey took a tragic turn when he was paralyzed in an accident in 2017. Undeterred by adversity, Diganta returned to his village and, with the help of a friend, established Daily Fresh Food (DFF), a packaged paratha business, in Assam in 2022. Despite initially facing challenges in introducing the South Indian culinary delight to the northeastern state, Diganta's perseverance paid off. Today, his parathas, known for their authentic Malabar culinary experience with their crispy, flaky, soft, and multi-layered texture, have gained immense popularity. With a minimum daily sale of 1,500 paratha packets, Diganta's business is thriving. Diganta's inspiring journey from a daily wager to a successful entrepreneur is a testament to his indomitable spirit and unwavering determination. His story serves as an inspiration to countless others who aspire to break free from poverty and pursue their dreams. As Diganta continues to expand his business and create employment opportunities in his community, he proves that with hard work, resilience, and a passion for what you do, anything is possible.

7 Jan 2024

Star Citizens

From Farm to Foam: Indian Startup Transforms Rice Crop Waste Into Biodegradable Packaging

An Indian startup is tackling the issue of waste from rice crops by using it to create biodegradable foam packaging. The Delhi-based engineer, Mr. Arpit Dhupar with his enterprise, Dharaksha Ecosystems, has designed a replacement for polystyrene packaging out of “rice stubble” the dead stalks left over after the rice season in India, millions of tons of which are burned every year. In his factory, he turns 250 metric tons of rice stubble harvested from 100 acres of farmland in Punjab and Haryana into packaging, while paying the farmers a rate of $30 per acre for something they would usually burn. The process involves taking rice crop waste and mixing it with mushrooms, which break down the lignin in the rice husks and convert them into a biodegradable foam. The resulting material is strong, lightweight, and can be molded into a variety of shapes and sizes, making it ideal for packaging applications. The biodegradable foam packaging created by Dharaksha Ecosystems is a more environmentally friendly option compared to traditional foam packaging materials, which are made from non-biodegradable materials and can take hundreds of years to decompose. As the world continues to grapple with the urgent need to address environmental issues, initiatives like Dharaksha offer hope for a more sustainable future, inspiring us to think creatively and work together towards a more sustainable world.

29 Mar 2023

Star Citizens

Kabeer Biswas: The Flagbearer of the Indian Hyperlocal Delivery Market

Kabeer Biswas is an Indian entrepreneur and the co-founder & CEO of Dunzo, a hyperlocal delivery startup based in Bengaluru, India. He started Dunzo in 2015 with three other co-founders - Ankur Aggarwal, Dalvir Suri, and Mukund Jha. Since then, the company has grown rapidly and become one of the leading players in the Indian hyperlocal delivery market. Kabeer pursued a Bachelor of Electronics in Computers from the University of Mumbai (2000-2004). He later did a Master in Business Administration (MBA) from SVKM's Narsee Monjee Institute of Management Studies (NMIMS). Biswas worked with companies like Bharti Airtel Limited and Videocon Telecommunications Limited before starting his own venture, Hoppr, in 2012. Hoppr was a location-based social networking app that allowed users to check-in to places, discover nearby deals, and connect with friends. Hoppr was acquired by Hike in 2014. Biswas had gained enough experience till then — thus, he went on to establish his local delivery set up, Dunzo in January 2015. The idea behind Dunzo was to offer a one-stop-shop for all kinds of tasks that people need help with in their daily lives - from grocery shopping to laundry to pet care. Dunzo uses a combination of human and machine intelligence to offer a seamless, efficient, and personalized experience to its users. Under Biswas's leadership, Dunzo has grown rapidly and expanded to several cities across India. The company has also raised fundings from investors like Google, Blume Ventures, and Lightbox. Biswas has been recognized as a young entrepreneur to watch out for by several publications, including Forbes India and Fortune India.

24 Feb 2023

Star Citizens

From Trash to Treasure: The Hyderabad Startup That's Solving India's Waste Management Crisis

Banyan Nation, a Hyderabad-based startup co-founded by Mani Vajipey and Raj Madangopal, is changing the game when it comes to waste management in India. Their innovative solution involves turning plastic waste into 300 million fast-moving consumer goods (FMCG) bottles annually. India is currently struggling with a waste management crisis, with over 9,000 tons of plastic waste being generated every day. Banyan Nation's mission is to solve this problem by creating a circular economy for plastic waste. They collect plastic waste from various sources such as households, industries, and municipal corporations, and use their proprietary technology to process it into high-quality plastic granules. These granules are then sold to FMCG companies, who use them to create new products such as shampoo bottles, food packaging, and more. Banyan Nation has already processed over 10,000 metric tons of plastic waste and prevented it from ending up in landfills or polluting the environment. Their innovative solution not only helps in waste management but also reduces the need for virgin plastic, which is a significant step toward sustainability. Their success has not gone unnoticed, and they have received several awards and recognition for their efforts. They were recently recognized with the Social Enterprise Award by The Economic Times. The founders, Mani Vajipey and Raj Madangopal, are committed to making a positive impact on the environment and society. They believe that the circular economy approach can lead to sustainable development and help India in achieving its goal of becoming a cleaner and greener nation.

20 Feb 2023

Star Citizens

Meet the Man Who Is Making India Healthy Digitally

PharmEasy was founded in 2015 and has since become one of India's leading healthcare tech startups, serving millions of customers and offering a convenient and affordable solution for their healthcare needs. The person behind the venture who made it possible is Siddharth Shah, the founder of PharmEasy. Shah is an IIM Ahmedabad alumni, and has several years of experience in the pharmaceutical industry. He was inspired to start PharmEasy after witnessing the struggles of his own family members in obtaining the necessary medical supplies, and recognizing the need for an easier and more efficient solution. Under Shah's leadership, PharmEasy has expanded rapidly, partnering with over 30,000 pharmacies across India to provide customers with a wide range of products and services, including home delivery of medicines and lab tests. The company has also launched several initiatives to improve the healthcare system in India, including a teleconsultation service and a medicine subscription program. Shah is known for his commitment to providing high-quality healthcare to all, and has received numerous accolades for his work. He has been recognized as a "Young Leader in Healthcare" by the Economic Times, and PharmEasy has been named one of the "Top 50 Startups in India" by Inc. magazine.

6 Feb 2023

Star Citizens

How This New Mother Took Negativity in Her Stride to Transform Herself Into a Successful Entrepreneur

Aditi Mishra who was earlier praised for her work and outstanding performance was surprised and unsettled at the change of attitude towards her by her superiors and co-workers when she returned from maternity leave. When Aditi Misra returned to work after her maternity leave, she was in for a rude shock as the management recruited another person in her place. She was subject to constant bullying and harassment, yet she held on to her job giving her best. However, after seven months, when she couldn’t take it anymore, she called it quits and decided to build an organization where 50 per cent of the staff would be women and their efforts and triumphs would be celebrated. Platano Foods Aditi who has done BTech in biotechnology and possesses an MBA degree in marketing sales has work experience in organizations like the Organising Committee, Commonwealth Games, Jaypee Group, and Subros Pvt Ltd. Aditi realized that in agriculture business, a lot of agriculture produce would be wasted as they were not of appropriate shape or size. Such produce was equally nutritious, yet discarded as they didn’t appeal to the eyes. Aditi decided to reduce such food wastage by procuring the discarded agricultural produce and converting it into nutritious and delicious food. Thus Platano Foods, a sustainable food solutions startup was conceived by Aditi. Innovative And Healthy Food Products The startup collects unripe bananas that are rejected by cold storage facilities. After conducting quality checks, the bananas are converted into raw banana flour which is extremely nutritious and has a good shelf life. The startup later introduced delicious and nutritious cookies by mixing the banana flour with traditional millets and seeds. These cookies are free from preservatives, trans fats and refined flour making it a hit among the health-conscious people. Aditi’s efforts have borne fruits as her major clients include institutions, hotels, corporate offices, retail places, events, and online sales. She now plans to increase brand awareness and diversify into other food products made from banana flour like bread, pasta and pizza base. Aditi’s extraordinary self-confidence and courage helped her pull through bad times to emerge as a self-reliant and successful entrepreneur. Image Source: YourStory

11 Nov 2019

Star Citizens

This Young Lad Works to Make Rural Women of Maharashtra Self-Reliant

Wasudev Mishra hails from a village in Maharashtra and he has seen many problems that people face on account of poverty and unemployment. He was very disturbed when his sister had to quit school and join a low budget school so that he could continue studying in English medium school. He learned many lessons in self-reliance during an exchange program in the US. On his return, he volunteered for different social projects. He soon realized that he wanted to help the rural women of his village by empowering them with skills that would help them earn. Silaigram Wasudev was only 19 years old when he founded Silaigram in 2018. Silaigram is a social impact startup that aims to provide sustainable livelihood in rural parts of India. Realizing that there was hardly any support for young girls and women to nurture their talent , he decided to empower them with opportunities. In India, tons of cloth waste is generated daily which finds its way into landfills and oceans. In Silaigram, this cloth waste is upscaled to make jholas and kurtis. One Of A Kind Design Lab When a woman worker made a wristband out of waste cloth, Wasudev was very impressed by the creativity .It encouraged him to start a one of a kind design lab for women where they are provided with the necessary material and they are free to make their own designs. This design lab is unique as the fabric design industry is mostly dominated by men. Last year, thousands of kilograms of waste cloth (including synthetic cloth) were upcycled thus preventing it from entering the ocean’s ecosystem. Wasudev was elected as Ashoka young Changemaker in recognition of his ability to bring a positive change. Image Source: YourStory

29 Oct 2019

Star Citizens

This Enterprising Lady Takes AI and Robotics to Rural TN

Suriya Prabha started to take a liking to artificial intelligence (AI) when she saw how students abroad are trained in AI. She soon developed a passion to learn AI and started learning software coding online. Her interest in AI further propelled her to launch a start-up to introduce awareness about electronics, computer science and robotics technology to students in government schools. They cover three areas — code the robots, become a robot and experience AI. Training Method And Reach Prabha teaches machine learning and AI to middle school children in rural Tamil Nadu through a play-way teaching method to create a natural interest in learning and make it easy to understand. She informed that there is a hunger in the rural kids to know the nuances of technology. So far, Prabha has trained more than 25,000 students in 25 government-run schools in remote areas of Virudhunagar, Ramanathapuram, Madurai and Theni districts. To implement the project, Prabha formed a team of six members. The team assigns fun projects to the students who use AI developer kits to get trained in AI. Prabha said that they try to evoke an interest in the kids for robotics by using tech toys such as Kano, Sphero, Mekamon, Cozmo, Littlebit and Microbit. Technology Can Make Communities Better Prabha believes that technology can be used as a tool to solve problems in villages and could make the community better. To achieve this aim, she is on a mission to empower children from rural regions with technical skills.

8 Aug 2019

Star Citizens

Global News

Sulapac - We're one step closer to ridding the planet of plastic trash.

Sulapac, a Finland-based company that creates packaging for beauty products using recycled and side-stream' content (byproducts and processed waste from production), was founded in 2016. It also produces straws, cutlery, and kitchenware. After "a lot of trial and error," it now has a portfolio of 13 products manufactured from a combination of plant-based biopolymers and natural resources such as wood chips. The material may be recycled or industrially composted, and if it ends up in nature, it will biodegrade at the same pace as a tree leaf or piece of wood. Today, the team collaborates with beauty brands like Chanel, Schwan Cosmetics, and Shiseido to reduce society's reliance on oil-based plastics one tub of face cream at a time. Sulapac's ideas have earned it several awards. Perhaps most notably, the Green Alley Award's highest honor in 2017, barely a year after founding the company. Addressing Microplastics in Water Bodies: However, plastic packaging is a massive issue that no one pioneering firm can solve on its own. In 2019, around 460 million tons of plastic were manufactured worldwide, with packaging being the single greatest source. Its production and disposal account for more than 3% of global emissions, with the quantity in our seas expected to increase to 29 million tonnes per year by 2040. When it gets into the water, it dissolves into dangerous microplastics that are "almost impossible to remove from nature." Establishments by Sulapac: However, for Sulapac, the goal is to create goods that truly work. When their biodegradable straws were introduced in 2019, Suvi Haimi, co-founder and CEO, stated, "Sustainability is important, but you can't change the world just by focusing on that." You must also provide an excellent consumer experience." For the straws in issue, this meant passing what Haimi refers to as the "mojito test" : drinking many cocktails with the same straw without it becoming soggy. In fact, the manufacturer says that one straw may be used for up to 24 hours.And it also implies elegant packaging in the cosmetics business. For them, aesthetics hold paramount importance. Even if they've developed an exceptionally sustainable material, if it fails to meet their brand's stringent standards, it might not gain wide acceptance. They refuse to compromise, whether in terms of visual appeal or functionality. As sustainability emerges as a prominent future trend, pioneering entities initially took bold leaps, but now, numerous companies are actively joining this expanding field, collaborating and engaging with one another.

1 Dec 2023

Global News