Jaipur based incubation centre Startup Oasis has finally announced the names of the six social startups it has invested a whopping 1.7 crore in, under its Innovative Ventures and Technologies for Development (Invent) programme.

The six selected startups that have received funding are: Krimanshi Technologies, KBSS, Merapaper, Multibhash, Carmel Organics and Khadigi. While the first four have taken birth in Rajasthan, the last two hail from Madhya Pradesh.

For the uninitiated, started last year by the UK government's Department of International Development and Technology Development Board, Invent aims to lend support and fund social impact startups sprouting from eight low-income states of the Indian subcontinent. While Chennai-based Villgro has taken up the responsibility of being the lead incubator for the programme, Startup Oasis has started implementing the programme in the states of Madhya Pradesh and Rajasthan.

Krimanshi Technologies: Operating under the brand name, Cattle Mettle, the Jodhpur-based startup makes available innovative and high quality cattle feed and nutrients made from waste.

Merapaper: It is a digital solution for newspaper distributors and their customers for the billing and payment need. A typical newspaper distributor works 17 hours a day for 360 days. The startup aims to reduce this manual work in generating monthly bills and collecting payment door to door. According to the startup, it is formed with the purpose of promoting a less cash economy in India.

KBSS: It partners with profit, non-profit organisations and government agencies on imparting skill training in seven key sectors including; Construction & heritage, healthcare, handicrafts, textiles, gems & jewellery, media & entertainment and tourism & hospitality, ensuring sustainable and equitable growth. They conduct research and develop skill gap assessment in these sectors, thus ensuring placement and retention.

Multibhashi: It is an app (Android & Web) to learn languages most effectively and effortlessly. It is basically a free language learning platform which focuses on learning outcomes of a user while keeping the learning process fun and intuitive. The current version has audio visual courses and quizzes to learn English from Hindi, Bangla, Tamil, Telugu and Kannada, you can also learn Tamil, Kannada and Hindi through English.

Carmel Organics: The Neemach-based startup supports a social cause by enabling small and marginal farmers to organically grow medicinal herbs, herbal tea and spices which are bought back and supplied to large customers and are exported.

KhadiJi: Launched in 2016, the startup is the first online luxury store creating products made exclusively from khadi Cotton and Silk. The startup’s main aim is to reinvent khadi’s image by marrying the best of tradition and technology. This way, they’re enabling increasing in demand and income for the khadi weavers. Their designs combine contemprary cuts and silhouettes with pure hand-spun, hand-woven fabric, to create unique products which are the epitome of class, comfort and originality.

According to a statement given by Chintan Bakshi, CEO of Startup Oasis, this is just the beginning as they intend on investing in more social startups as a part of the Invent programme. He said, “As part of the Invent programme, Startup Oasis intends to seed-fund another 25 high impact social startups from Rajasthan and MP in the range of Rs 10-50 lakh over the next two years. Startup Oasis is committed to building a robust ecosystem for social impact entrepreneurship for which a social impact accelerator programme will be launched in November 2017."

This development was first reported in the Times Of India.

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.