• Investment in Bharat by US companies[Funding alert] Walmart and Flipkart Group make additional investment in agritech startup Ninjacart

Key points:

1. Walmart and the Flipkart Group have made a fresh round of investment into agritech startup Ninjacart in continuation of its earlier funding done in December,2019. The value of this investment was not disclosed.
2. According to a statement, this second round of funding demonstrates Walmart and Flipkart Group’s continued commitment to invest in India’s agriculture & food supply chain and strong confidence in Ninjacart. It stated the follow-on investment further validates Ninjacart’s strong execution capabilities and its ability to innovate in the challenging fresh food supply chain space.
3. Ninjacart CEO & Co-founder Thirukumaran Nagarajan said, “The fresh set of investments from Walmart and the Flipkart Group takes us one step closer to our vision of making food safe and accessible for the billion people and changing the way food reaches our plate. We are excited to have Walmart and the Flipkart Group show confidence in our capabilities around growth and profitability. We will continue to invest in areas that impact the lives of Customers and Farmers positively.”

(Your Story,12 October 2020) News Link

• Startup in Bharat by Bhartiya
  • Sound of success: Consumer tech startup boAT powers ahead as India goes vocal for local

Key points:

1. Founded in 2016, boAT clocked a revenue of Rs 500 crore in FY 2020, a 108.8 percent growth from FY 2019. Now, the co-founders are setting their sights on building a global audio business out of India.
2. Today, boAt is present in 5,000 retail stores, supported by 20 distributors. The startup claims to be clocking sales of over 10,000 units a day, and four million units per year, and says it has served 20 million Indians so far.
3. Behind boAt’s growth is a consumer-first approach, which has made the startup one of the most sought-after youth brands in India. Almost 80 percent of its sales coming from ecommerce channels such as Amazon and Flipkart.
4. boAt is a pun on the journey of an individual to a place where they feel at ease and forget all their troubles. The two founders started Imagine Marketing in 2014, the parent company of boAt, with Rs 30 lakh raised from family and friends, and designed the first product — boAt BassHeads225 — and launched it in 2016.

(Your Story, 12 October 2020) News Link

• Ultrasound in your pocket: Sandeep Akkaraju’s quest to democratise healthcare with his startup Exo

Key points:

1. According to the World Health Organization (WHO), 75 percent of the world does not have access to medical imaging, and the WHO goes on to add that a portable ultrasound imager can change the world. The point-of-care ultrasound technology is touted as the future of medical device technology.
2. Redwood City-based Exo will be taking on legacy ultrasound machines that are not portable and expensive.
3. Exo’s ultrasound platform uses nano materials and signal processing to enable image fidelity, penetration depth, and 3D imaging capabilities on a silicon-based chip that can be used in high-fidelity imaging to HIFU-based therapeutics.

(Your Story, 12 October 2020) News Link

• This DPIIT-recognised edtech startup is building an online finishing school for law students

Key points:

1. Bootstrapped edtech startup NotJustLex offers live learning sessions and certificate courses in corporate law to students and fresh recruits at law firms.
2. NotJustLex, a DPIIT-recognised startup, wants to bridge the gap between theoretical law and practical application, and make quality legal learning accessible to not only legal students but also fresh law graduates looking to upskill.
3. At present, NotJustLex offers certificate courses in ‘Private Equity Investments in India’, ‘Commercial Contracts in India’, ‘Sports Law in India’, and ‘Finance for Legal Professionals’.
4. Abhishek explains, “A monologue is not good in any kind of learning. If you look at BYJU’S, for example, even though the sessions are pre-recorded and non-interactive, they are not boring. The presentations and animations stand out. At NotJustLex, we’re testing the same approach with attractive presentations of judicial precedents, well-prepared notes, smooth articulation, simple Q&A sessions, and focused one-on-one interactions.”
5. NotJustLex sessions are priced between Rs 12,000 to Rs 19,500 each, which pegs the total course cost at Rs 2-5 lakh each. “We started with the highest price for an online law course in the market. It was working very well, but because of COVID-19, it became difficult to hold those prices,” Abhishek reveals.

(Your Story, 12 October 2020) News Link

1. हिंसा आरती रघुनाथ ने 88 दिन में 520 ऑनलाइन कोर्स करके बनाया वर्ल्ड रिकॉर्ड, लॉकडाउन में रोज किए करीब 10 कोर्स और M.Sc की पढ़ाई भी जारी रखी

Key Points:

1. वे एमईएस कॉलेज में एमएससी बायोकेमेस्ट्री की सेकंड ईयर स्टूडेंट हैं
2. वे कहती हैं कि इन कोर्सेस को करने के बाद मिले सर्टिफिकेट हमारी प्रोफाइल अपडेट करने में मदद करते हैं

(Dainik Bhaskar, 12 October 2020) News Link

1. Pune Doctor Starts Hospital, Helps 1.5 Lakh Tribal Patients Get Free Eye Treatment

Key points:

1. The 93-year-old Ayurveda doctor, with no formal training in surgery, has been helping adivasis and the poor from neighbouring parts of the state to get treatment for cataracts, eye operations and other eye ailments
2. During his medical practice, he observed that his patients often came from the tribal belts of Nashik, Thane, Ahmednagar and Pune.
3. Manohar said that after getting treated and satisfied with improved eyesight, patients felt confident and started approaching the hospital.
4. The process was slow but steady. Check-up camps every week were held in the rural and tribal belts to check patients.

(The Better India, 12 October 2020) News Link

• श्याम रसोई: रोज खिलाते हैं 1,000 लोगों को खाना, वो भी 1 रुपये में

Key points:

1. दिल्ली में एक रसोई ऐसी भी है जहां जरुरतमंदों को महज 1 रुपये में पूरी थाली मिलती है। जी हां, दिल्ली के परवीन कुमार गोयल, नांगलोई इलाके में शिव मंदिर के पास ‘श्याम रसोई’ चलाते हैं। इस रसोई की खासियत है कि यहां कोई भी शख्स सिर्फ रुपये में पेट भरके खाना खा सकता है। और हां, वो एक रुपये भी इसलिए लेते हैं ताकि लोग खाने को मुफ्त समझकर बर्बाद न करें।

(Navbharat Times, 12 October 2020) News Link

• Investment in Bharat by other countries

1. रेजरे–पे को मिला 731 करोड़ रुपए का निवेश, देश की पांचवीं फिनटेक यूनिकॉर्न बनी कंपनी

Key points:

1. अनअकेडमी, पोस्टमैन, नाइका और जिरोधा भी इस साल यूनिकॉर्न क्लब में शामिल हो गई हैं
2. भारत में रेजर-पे के अलावा 35 से अधिक स्टार्टअप यूनिकॉर्न हैं

(Dainik Bhaskar, 12 October 2020) News Link

1. लोगों को सही खाना मिले इसलिए लंदन की नौकरी छोड़ खेती शुरू की, खेती सिखाने के लिए बच्चों का स्कूल भी खोला, 60 लाख टर्नओवर

Key points:

1. नेहा 16 एकड़ जमीन पर खेती कर रहीं है, इसमें नोएडा में तीन एकड़ पर सब्जियां, मुजफ्फरनगर में 12 एकड़ में फल, भीमताल में एक एकड़ पर ऑर्गेनिक हर्ब की फार्मिंग करतीं है
2. वे अपने प्रोडक्ट ऑनलाइन भी बेचती हैं, हर महीने करीब 500 ऑर्डर आते हैं, जो किसान अपने उत्पाद मार्केट तक नहीं ले जा पाते, उनके प्रोडक्ट भी नेहा ऑनलाइन बेचती हैं (Dainik Bhaskar, 12 October 2020) News Link
3. Self-reliance

1. लोगों को सही खाना मिले इसलिए लंदन की नौकरी छोड़ खेती शुरू की, खेती सिखाने के लिए बच्चों का स्कूल भी खोला, 60 लाख टर्नओवर

Key points:

• नेहा 16 एकड़ जमीन पर खेती कर रहीं है, इसमें नोएडा में तीन एकड़ पर सब्जियां, मुजफ्फरनगर में 12 एकड़ में फल, भीमताल में एक एकड़ पर ऑर्गेनिक हर्ब की फार्मिंग करतीं है
• वे अपने प्रोडक्ट ऑनलाइन भी बेचती हैं, हर महीने करीब 500 ऑर्डर आते हैं, जो किसान अपने उत्पाद मार्केट तक नहीं ले जा पाते, उनके प्रोडक्ट भी नेहा ऑनलाइन बेचती हैं (Dainik Bhaskar, 12 October 2020) News Link