Sanitary pad incinerators to be installed in schools, colleges – The Navhind Times

  • In a bid to help treat sanitary waste and give a push to menstrual hygiene, the Goa State Urban Development Agency has invited private bids for supply and installation of sanitary pad incinerators with warranty and on-site maintenance support for three years in 147 schools and colleges of the state.
  • The work for installation of 349 sanitary pad incinerator units is estimated to cost Rs 89.04 lakh and after finalisation of bidder, the units will be installed in 120 days which will begin from November for which the GSUDA has already obtained NoC from education department for installation of such units in educational institutions.
  • However, so far, six companies, including a startup, have submitted technical bids and they include Alterenergyz, Tendril Products, Oasis Scientific Technologies, Inovativa Waste Aid and Management Private Limited, Eltech Electro Designs and Energy Systems Pvt Ltd and Indotech Industrial Solutions Pvt Ltd.
  • According to the tender document, the intending bidders should be an original equipment manufacturer (OEMs) or an authorised system integrator (reseller/distributor/dealer) for sale, support and service of the OEM in India.

Read full article: navhindtimes.in

Opinion | The perks of an open basement office

  • I am in an unusual location for a chief executive’s workplace: an open-plan basement office, in a mall in south Delhi’s Vasant Kunj neighbourhood.
  • Both the office layout and its location speak volumes about Aditya Bagri, its occupant and group director of Bagrry’s India Ltd, a company best known for its oats and muesli breakfast cereals.
  • Each division had a floor by itself and people would just not interact with each other, so we decided we needed a more collaborative workspace,” says Bagri, who runs the consumer-facing company with Shyam Bagri, his father and company chairperson.
  • As with the case with many organizations today, particularly startups and multinationals, Bagri eliminated private cabins for all senior management, except the chief financial officer (CFO) and the chairperson who have cabins.
  • There are meeting rooms close by for private discussions, but Bagri spends most of his time on the floor, with the amount of time spent at his desk reducing significantly.

Read full article: livemint.com

The Brief: Leveraging philanthropy, mobile money in India, impact startups in Miami, Mirova completes Althelia acquisition, New Zealand’s inflection point

  • The Brief: Leveraging philanthropy, mobile money in India, impact startups in Miami, Mirova completes Althelia acquisition, New Zealand’s inflection point
  • Many foundations are doing more intentional impact investing but too few are seizing the catalytic potential of their capital to mobilize private capital for public goods ( see, ” The supply of catalytic capital is bigger than expected.
  • True Balance closes $23 million to expand mobile payments to rural India.
  • The Gurgaon and Seoul-based startup launched in 2014 to help prepaid mobile customers in India check their cellular data usage and balance.
  • Still, ” There’s high interest and demand for impact investments from all investor groups, spanning diverse asset classes and areas of impact,” said Simon O’Connor of the Responsible Investment Association Australasia .

Read full article: impactalpha.com

‘A startup founder must find an area that is not yet explored’: Ratan Tata to young entrepreneurs

  • His personal investments include payments firm Paytm, ride-hailing firm Ola , online furniture retailer Urban Ladder, and eyewear retailer Lenskart, among others.
  • In the current state of Indian entrepreneurship, where a number of Indian startups are going global, Tata also said that there is no right time to go global, and that the founder is in the right position to take the call.
  • Tata’s investments from the UC-RNT fund include home rental startup NestAway, health and fitness firm Cure.

Read full article: livemint.com

FPOs can help India’s farmers reap the benefits of collectivisation

  • FPOs can help India’s farmers reap the benefits of collectivisation
  • Agriculture has always been a lifeline of the Indian economy, providing livelihood to millions of farmers; However high production costs, and low access to credit, as well as poor market linkages hinder the sector’s growth.
  • Aggregation and consolidation provide a means for these farmers to unite and reap the benefits of economies of scale, making this a critical means to create new growth paradigms.
  • This unique initiative provides a platform for FPOs and key stakeholders to come together and understand how to jointly build a robust FPO ecosystem, boost Indian agriculture and create the next wave of growth.

Read full article: economictimes.indiatimes.com

IKEA To Take Furniture Showrooms To Tier-II Cities

  • As a part of its second phase expansion plan, the company is now looking to expand in Tier 2 cities.
  • Although the company plans to enter smaller cities, it is still developing a large format store in Bengaluru and has plans to develop one IKEA store in Delhi as a part of its first phase expansion plans.
  • While speaking on the sidelines of the Bloomberg equality summit, IKEA India CEO Peter Betzel told reporters that after the completion of the Delhi project, the company will shift to Tier 2 cities.
  • In India, IKEA challenges players such as Urban Ladder, Livspace, Furlenco etc.

Read full article: inc42.com

Chennai-Based Water Management Startup Closes Seed Round With $2 Mn

  • Chennai-based cleantech startup WEGoT has raised $2 Mn in a seed funding round, cofounder Abilash Haridass told Inc42.
  • Other investors in the round include Vibhu Natarajan, director at Grotech Landscapes; Rajagopal S from Entrust, Joydeep Ponugoti from Manbhum Constructions and Promod Kumar, who are industry experts in the real estate technology and consumer industries.
  • WEGoT was founded in 2015 by Vijay Krishna, Mohamed Mohideen, Abilash Haridass, Sundeep Donthamshetty, and Selvakumar AB.
  • Some of the other startups working on solving India’s water problems include Clensta.

Read full article: inc42.com

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  • True Balance already raised $38 million in a previous funding round, bringing its total amount raised to $65 million.
  • South Korean startup True Balance announced that it has raised $23 million in a Series C funding round.
  • Launched four years ago, the company runs a financial services app for more than 60 million users in small cities and towns in India (called India 2 and India 3), closing more than 300,000 digital transactions on its app each day.

Read full article: pymnts.com

JETRO’s 10: Meet the 10 startups driving innovation in the Indo-Japanese ecosystem

  • Yutaka Endow, Director of Japan-India Startup Hub and The Japan External Trade Organization (JETRO) talks about the various opportunities available for Indo-Japanese entrepreneurship-enterprise collaboration and presented 10 curated startups from the JETRO stable that are driving innovation.
  • The Japan External Trade Organization (JETRO) is a government-related organisation promoting mutual trade and investment between Japan and the rest of the world.
  • One of their significant outreach initiatives is The Japan India Startup Hub, an online platform to bridge the gap between Indian and Japanese startup ecosystems and enable meaningful synergies to promote joint innovation in both economies.
  • Speaking about some of the success stories from the initiative, Mr. Endow cited the instance of NIRAMAI Health Analytix, the startup that innovated a breast cancer screening software that uses machine intelligence over thermal images to enable an affordable radiation-free solution for detecting breast abnormalities in women of all age groups.
  • Doreming ServicesDoreming Services is a social startup, missioned to promote financial inclusion and sustainable development goals around the world.

Read full article: yourstory.com