Intellecap Impact Investment Network [I3N], Rianta Capital along with ah! Ventures have invested Rs. 10 Million in waste management startup Sampurn(e)arth. Co-founded by Debartha Banerjee, Jayanth Nataraju, & Ritvik Rao, Sampurn(e)arth provides end-to-end decentralized and customized waste management solutions such as  dry waste collection and processing, bio-gas plant installation, composting, O&M and consulting services.

SampurnEarth

It works closely with the non-profit waste picker organization Stree Mukti Sanghatana and actively incorporates waste pickers into the process, thereby up-skilling them and increasing incomes. Its clientele includes municipal bodies, corporate parks educational campuses and residential units.

Sharing the statistics on the scale of the problem in the waste management segment, Co-founder Jayanth Nataraju said

In Mumbai alone, about 10,000 tonnes of waste is generated daily, so there is a huge opportunity for intervention. With initiation of the Swacch Bharat Abhiyan, there is an increased interest in our solutions and we are seeing tremendous support from stakeholders across the value chain. We are confident that with the guidance of investors on scaling the business, we will be able to move the needle on this vast challenge.

Talking about the investment, Ajay Dalmia, I3N, said

The current method of dumping waste into landfills leads to several environmental and societal problems. This practice adversely affects the health of people and also fails to recognize the inherent value in the waste. Sampurn(e)arth is bringing in an effective decentralized asset light business model that is environmentally sustainable, generates employment and is profitable. This is an execution intensive model and we have full faith in the promoters’ passion for the cause and ability to deliver.

Sidharth Pansari, Angel Investor & Director, Primarc Projects added

It is our responsibility to give our environment and the people living around us, a more sustainable future than we have today. By investing in Sampurn(e)arth we are directly contributing in creating a positive impact on the environment, coming up with innovative ways in which one can turn waste into re-usable resources and renewable energy. Primarc Group’s real estate projects have been developed with environment friendly features like rain water harvesting, sewage treatment plant, Solar hot water, fly ash bricks and organic water treatment. We should put our knowledge and experience to come up with new sustainable solutions for the greater benefit of the planet by creating better disposal options and safer treatment of waste.

Harshad Lahoti, Founder & CEO, ah! Ventures. said

ah! Impact, the platform through with the investment in Sampurn(e)arth was made, validates our commitment and foresight towards social investing in India, also the large number of our investors, which are mostly first time investors have shown great interest in investing in social enterprises with high potential and measurable social or environmental impact. ah! Impact recently reinvested in Ketto, a crowdfunding platform for social, personal and creative projects.

ah! Impact also recently reinvested in Ketto, a crowdfunding platform for social, personal and creative projects.

About Sampurn(e)arth

Sampurn(e)arth Environment Solutions Pvt. Ltd provides wet and dry waste management solutions for corporates, residential societies and construction companies. A TISS [Tata Institute of Social Science] incubator project, Sampurn(e)arth was launched in 2012 with an objective of making solid waste management efficient, decentralized and even profitable. Sampurn(e)arth works on the principle that transporting waste to the city’s dumping grounds is inefficient and expensive and also hazardous. It encourages on-site segregation, wherever possible. It also sets up on-site bio-gas or composting facilities for wet waste, while non- biodegradable waste is transported directly to recycling units. This leaves only a small amount of dry waste to be transported to the dumping grounds.

About ah! Ventures

ah! Ventures is a startup focused growth catalyst that brings together promising businesses and investors by creating wealth creation opportunities for both. ah!’s unique model serves investors, entrepreneurs and enablers through a unique blend of customized services, skill, and industry & domain experience.

Founded in 2010, ah! Ventures has systematically disrupted India’s early stage funding ecosystem through its innovative approach toward startup investing. First of its kind initiatives like the CLUB ah! network & platform, ah! Angels (India’s largest angel network), ah! Seeders and ah! VC networks (India’s first seed & VC investment networks respectively), have brought together and integrated the otherwise previously segregated startup funding lifecycle, under one roof. This, coupled with ah! Impact network, an impact investment network for investing in social enterprises and ah! Mentors network, a mentor network to assist startups in their growth and expansion, has today made ah! Ventures not just one of India’s most respected change leaders, but also a formidable industry force to recon with.

About I3N

Intellecap Impact Investment Network (I3N or I-cube-N) is a global network of impact investors, both individuals and institutions who come together to co-invest in impact enterprises across India and East Africa. It’s aim is to plug the pre-VC funding gap early stage enterprises face by mobilizing domestic capital and connecting international investors to domestic investors. Investors come together to support brilliant and passionate entrepreneurs who are dedicated to solving difficult problems at the bottom of the pyramid.

In this article, we have a Q&A with a social entrepreneur Harish Kumar from Ahmedabad [Thanks to my friend Paras Shah for the connect :)]. Harish Kumar has 20+ years of corporate experience who left his cushy job to start social venture Ability On Wheels with the mission – To connect people with disabilities, educate and create opportunities for them to make the most of their abilities, while advocating social change by enhancing the quality of life with developmental or physical abilities through an array of services.

Today we have a discussion with Harish about his social venture, it’s plans, issues faced by social ventures, tips for aspiring entrepreneurs etc. Let us start with the Q&A with Harish

Can you give a small background about yourself ?

I wish to introduce myself as a specially abled person [congenital absence of right upper limb below elbow joint] with a passion for driving. In 2012 I became the first physically challenged person in the country to successfully complete an All India Driving Expedition thereby creating a new National Records in Limca Book of Records. As on date I have on my name 2 National Records in Limca Book of Records. I completed my Masters in Science from IIT Roorkee in 1993 & Masters in Technology from IIT Delhi in 1995.

After working in Telecom Sector for ~ 20 years, I quit the corporate world last year & decided to work on providing mobility services & solutions to the specially abled people of the country. For this purpose I’ve floated an NGO Ability on Wheels Charitable Trust

Give us a small gist about Ability On Wheels [AOW] ?

As you would be aware of Specially Abled people do face lots of challenges & hurdles in mobility. There’s not even a single driving school for the specially abled, there are no wheel chair accessible vehicles & also the public transport is not disability friendly. Since I have myself experienced these hurdles I decided to work on this cause & be a contributor to the society.

There are an estimated 60 million people in the country who are specially abled with mobility restrictions & every year ~ 1 lac people get added in the list. Ability On Wheels is an effort to encourage the specially abled people to take a big leap towards leading a normal life by providing mobility & accessibility services & solutions.

What was the trigger of starting AOW?

After creating records in Limca Book of Records I got recognition in the media. Subsequently a few differently abled people approached me with  a desire to learn driving & the process for the same. They also conveyed that they had approached many driving schools & all had turned them back saying we cannot teach you driving.

Then I started exploring & to my horror I could not find even a single driving school for the differently abled. That was the trigger point of AoW. My research also threw up a startling fact – Differently abled people have to first buy a car, get it modified & then only they can get a learner’s license which is a big injustice to them. This driving school will provide them with the option of first learning how to drive & then decide on buying a car.

Can you let us know what changes need to be made in the car in order to cater AOW’s requirement

The proposed driving school plans to deploy two modified / customized cars [registered as Invalid Carriages] to impart driving training to people having various kinds of physical disabilities

Car No. 1 – Manual Transmission with the following modifications

  • Auto Clutch (with engaging / disabling feature (on / off switch)
  • Hand controlled accelerator & brake. The controls would be dual in nature and will not affect the normal foot controls of the vehicle.

AOW_1

Car No. 2 – Automatic Transmission OR Auto Gear Shift with the following modifications:

  • Auxiliary accelerator pedal on the other side of the brake [can be locked & folded when not in use]
  • Hand controlled accelerator & brake. The controls would be dual in nature and will not affect the normal foot controls of the vehicle.
  • Steering Knob

AOW_Right

Do you plan to raise funds for AOW from external investors who fund social enterprises?

Yes, we are open to raising funds through external investors, corporate, government, like minded NGO’s & Individuals.

Since, there are many differently-abled people in India, how do plan to take AOW to other cities?

Plan is to create at least 1 such driving school in every state capital & few other major cities of the country.

What are the major challenges you faced when starting AOW ?

  • Legal & Statutory [convincing authorities that what we plan to do is well within the ambit of law & very much possible practically].
  • Research & Planning – We studied about various such driving schools running in developed countries. Got very good information from a similar school being run by Queen Elizabeth Foundation, London. Went to Mumbai, Bangalore & Ahmedabad to meet renowned modification kit manufacturers. From their inputs was able to decide & plan on 2 cars & modifications as mentioned above
  • Funding

[Ability On Wheels in News – Click on Image to enlarge]

AOW in News

What are your views on social entrepreneurship & social enterprises in India ?

Still a long way to go for acceptance in the society. People look down on us as fools to have left a job of Rs 2 million / annum & get into this. They also say you are looking towards less than 1 % of the population as your customers. Why not get into some business which can cater to a large clientele. As for funding a lot of challenges still remain for social enterprises.

What are some of your thoughts on expanding AOW pan-India [How do you plan to do it ?]

Following options are being explored once the first driving school gets stable & we start getting a decent response.

  • Franchisee model operated by local people under the umbrella of Ability on Wheels
  • Own model [subject to getting attached to a corporate who is willing to fund the scale up]

State Government owned driving schools set up with our guidance [this seems to be least probable].

Some advice to aspiring social entrepreneurs ?

Before jumping into it please be aware of the fact that challenges would be many times more than anticipated. Funding will only happen only when you reach to a certain level of success which may take as much as 3 – 5 years. Social acceptability is very less in our country which is again an added challenge. Revenue or RoI models will not work the way they do in other businesses.

We hope that Harish’s learnings would help you in your venture. If you are an entrepreneur and are open to a Q&A, please email your request to himanshu.sheth@gmail.com

The June edition of “Startup Saturday [Hyderabad]” is planned on 13th June. The theme for the meetup is “Exploring opportunities in the Learning & Education Space“. This is a  discovery format Startup Saturday to uncover some of these new startups coming up in this booming space.
Startup-Saturday

Meetup Agenda

Detailed agenda of the meetup is below:

Introduction

10:00 – Registration
10:15 – Introduction
10:25 – Ecosystem Announcements

Startup Speak

10:30 – OutLife, Founder Diyanat Ali
10:42  – MyRank, Founder-Savinay
10:55 – WeMakeScholars, Founder
11:07 – Kaddy, Founder-Govind
11:20  – TBD
11:32 – TBD

Expert Speak

11:45 – Serial Entrepreneur in Edu space [TBD]

Investor Speak

12:00 ~ 12:15 – Investors from Hyderabad Angels
12:30 Networking

Location & Timings

La Makaan [13th June, 10 AM]. Registration can be done at the following link.

In case, if you wish to nominate an expert speaker or a start-up for the above mentioned theme, you can email the details to the following email-id.

Social Media details – Facebook Event Page
Share/Like/Post/Tweet: hashtag #SSHYD

[Image Credit – BuzzInTown]

Taxiforsure co-founder Aprameya Radhakrishna has invested an undisclosed amount in Mobile Beauty and Wellness Platform Vyomo in its seed funding. This is less than a month after his last day at TaxiForSure, the cab aggregator he and Raghunandan G sold to bigger rival Ola for a neat $200 million.

Vyomo

Vyomo is  his maiden investment. Explaining his excitement, Radhakrishna said

The Beauty & wellness Industry is a large market, ripe for disruption. I decided to invest in Vyomo based on the extremely focused & effective core team led by Abhinav Khare and Poonam Marwah – they have built an intuitively smooth mobile platform that is way ahead of the competition. Such a high organizational maturity is quite rare for a start-up of this phase.

Vyomo is simplifying Beauty and Wellness Industry by providing the complete fulfillment technology stack for customers and beauty professionals. We have built a curated platform. Thus, despite having more than 1500 Salons on-board, we have opened our platform only to 25% of the verified Salons and Spa in the first phase. Remaining salons are still going through product and process training by our dedicated Account Managers

According to KPMG report, Beauty and Wellness Industry in India will be US$13 billion by 2017 and within MENA region it was US$25.5 billion in 2014 as per the global market intelligence firm Euromonitor International.

Commenting on the development, Yuvraj Singh, an existing investor in Vyomo through his recently founded Youwecan VC fund said

At Vyomo our aim is to create a complete end to end solution for Beauty & Wellness, a mobile platform that is lacking so far within the industry and ultimately repeat the success story of tech startups within Cab industry. Thus having Aprameya on-board is priceless

The Vyomo Mobile App for Salons, Spas and Stylists was made available in May 2015. The Customer App is also being launched ahead of its schedule today. Within the first 4 weeks, Vyomo has already brought 1500 Salons and Spa on on-board.

Abhinav Khare, Founder & CEO Vyomo added

For us, the quality and customer experience is more important than to bringing short term traction. We are spending a fair amount of time with each of our salons on training and hand-holding for Beauty Professionals, before they start accepting bookings through Vyomo. We want our customers to receive exceptional experiences. Our team is working extremely hard to bring more than 1M stylists on the platform by 2018

Having Aprameya as our investor and a member of advisory board is a great validation for our Mobile only strategy. We are looking to replicate the success of the on-demand cab industry and thus having him will only enhance our execution even further. He will be involved very closely in advising me on the Strategy, business model and leadership hiring decisions. His presence in our team, will allow us to scale and expand quickly.

About Vyomo

Vyomo is a Mobile Beauty and Wellness Platform that is backed by Artificial Intelligence and Data Analytics to simplify the way beauty & wellness services are requested offered and rendered. It was founded by the London Business School classmates Abhinav Khare and Poonam Marwah.

  • Abhinav Khare Founder-CEO is Strategy and Corporate Development Expert with 10 years’ experience in 3 continents and 32 countries in the domain of Market Entry, Strategy Execution and Building Analytics products. He has an MBA London Business School and MSc in Technology Management from ETH Zurich.
  • Poonam Marwah Co-founder-COO has got 16 years Operations, Internet Marketing & Technology. Successfully lead 3 new ventures, growing organizations and managed complex projects. She holds MBA from London Business School, Masters in Computer Application, PMP, she is also a US Patent Holder.

[Image CreditVyomo]

Intel in India and the Department of Science and Technology announced the call for entries for the Intel & DST- Innovate for Digital India Challenge. The challenge is aimed at fostering a culture of innovation, create solutions that can address local needs and build an empowered ecosystem for pervasive technology adoption in the country.

The challenge will be open to aspiring and existing entrepreneurs, innovators, academia, designers, engineers & makers from diverse backgrounds.

To participate in the challenge, candidates must log on to Innovate For India & register their projects at the earliest. The registration closes on June 22, 2015

innovate_for_digital_india

Participants of the Intel & DST- Innovate For Digital India Challenge will be mentored by industry stalwarts and Intel experts. The participants will be trained in technical know-how, will be provided access to product kits and infrastructure and multiple commercialization opportunities.

Some key insights of the Innovate for “Digital India Challenge” are:

  • IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship to execute the challenge. Intel, CIIE & MyGov to work together for application management, program facilitation and popularization.
  • The challenge, running from April 2015 to January 20161, is open to academia, aspiring entrepreneurs, innovators, and startups.
  • Total grant worth Rs.1.5 crs; top three to get access to seed fund of Rs. 20 Lakhs each.

Speaking about the challenge, Narendra Bhandari, Director, Software & Services Group, Intel Asia Pacific said

Innovation is part of Intel’s DNA. This challenge combines Intel’s history of creating innovative technology with government’s Digital India vision, complemented by entrepreneurial talent to create a sustainable technology ecosystem. Through this challenge, we aim to encourage people to come forward and participate and create solutions that will help make Digital India, a reality.

Naganand Doraswamy, EVP & co-founder SPAN Infotech & President TIE Bengaluru, said

It is wonderful to see Intel actively collaborating with the government in the product start-up space. The Intel & DST Innovate For Digital India Challenge will offer a platform to the young creative minds of Karnataka to showcase their ideas and build start-ups that can make a difference in the Indian market.

Speaking at the event, Shankar Maruwada, Co-founder & CEO Ekstep said

Innovate For Digital India Challenge promises to be a timely platform for young creative minds across the country and we are extremely excited to be part of this challenge as this is the right time for students, innovators, and aspiring entrepreneurs in Karnataka to come forward and pave the way for enabling an innovative ecosystem.

Detailed T&C on the challenge and prize money are available at InnovateForDigitalIndia

[Image Credit – InnovateForDigitalIndia]

Yuvraj Singh’s recently floated Startup Fund Youwecan Ventures has invested an undisclosed amount in Mobile Beauty and Wellness Platform Vyomo in its seed funding.

YouWeCan

Vyomo is the first investment of the Youwecan ventures. Explaining his excitement, Yuvi said

We would like to support empowerment of millions of Beauty Professionals and help them improve their lives, income and be part of their personal milestones. Ultimately, we decided to invest in Vyomo based the execution capability of the team headed by MBAs from the London Business School, a truly great product and our belief in the vision of Vyomo that the Artificial Intelligence and Data Analytics can simplify the lives of millions of Indians

According to KPMG report, Beauty and Wellness Industry in India will be US$13 billion by 2017 and within MENA region it was US$25.5 billion in 2014 as per the global market intelligence firm Euromonitor International.

The Vyomo Mobile App for Salons, Spas and Stylists will be available for both IOS and Android from May 2015. The Customer App will be launched in July.

Speaking at the occasion, Abhinav Khare, Founder & CEO, Vyomo said

Signing-up with Youwecan Ventures for securing our seed funding is an important milestone for the company, and one which will allow us to scale and expand to meet the demands of our global users.

In 3 years, Vyomo will shift the paradigm of Beauty and Wellness Industry where the Stylists and Beauty Professionals will get the place they deserve. Vyomo will bring more than 1 million stylists on the platform by 2017 and improve their earnings by allowing millions of customers to instantly access and book a hassle free Salon and Spa experience.

Our aim is to create a complete solution for Beauty Professionals to manage and grow their business through a smart-phone, and customers to book appointments instantly through their mobile devices, and ultimately repeat the success story of tech startups within Cab industry.

The App for Salons will provide professionals from the Beauty Industry an end to end salon management software that grows and simplifies their business by providing increased traffic, CRM, ERP, EPOS, Performance Management, Booking Management and Online Presence backed by state of art Data Analytics & Artificial Intelligence.

About Youwecan Venture Fund

Youwecan is a 50 CR seed fund that is created to empower young entrepreneurs on their journey to build brands and successful business ventures and improve the life standard of society. More information at their website.

About Vyomo

Vyomo is a Mobile Beauty and Wellness Platform that is backed by Artificial Intelligence and Data Analytics to simplify the way beauty & wellness services are requested offered and rendered. It was founded by the London Business School classmates Abhinav Khare and Poonam Marwah.

  • Abhinav Khare Founder-CEO is Strategy and Corporate Development Expert with 10 years’ experience in 3 continents and 32 countries in the domain of Market Entry, Strategy Execution and Building Analytics products. He has an MBA London Business School and MSc in Technology Management from ETH Zurich.
  • Poonam Marwah Co-founder-COO has got 16 years Operations, Internet Marketing & Technology. Successfully lead 3 new ventures, growing organizations and managed complex projects. She holds MBA from London Business School, Masters in Computer Application, PMP, she is also a US Patent Holder.

Image Creditpixr8

NASSCOM organized its third regional edition of the NASSCOM Product Conclave 2015 at the Novotel Hotel in Hyderabad. The one day conference served as a vital platform for Indian product start-ups and emerging companies to access knowledge & support available in the ecosystem.

The inaugural address was given by Rajiv Vaishnav, Vice President, NASSCOM & the key note address by Ravi Gururaj, Chairman,NASSCOM Product Council. The conference was attended by industry leaders from the products industry, venture capitalist, entrepreneurs and consultants, who shared their views on the evolving product landscape.

NASSCOM

The Hyderabad edition of the conclave witnessed curated sessions for budding entrepreneurs, early stage founders and start-up product teams on the intricacies of structuring a business entity, protecting your intellectual property, raising initial capital, growing your product business & building market momentum for early stage products. The conclave additionally showcased interesting startups that were a mixture of burgeoning product innovations and exciting new solutions.

Speaking at the occasion, Ravi Gururaj, Chairman, NASSCOM Product Council said

The product landscape has witnessed tremendous growth, and is now considered as one of the fastest developing domains of the industry. With the Internet of Things being the new land of entrepreneurial opportunity, there is a need to create an ecosystem for transfer of knowledge and technological know-how amongst start-ups and academia.

Hyderabad has been a breeding ground for some of India’s largest business houses, and has always been very supportive for the new businesses with its friendly policy structures. It was a pleasure to witness some of the most innovative product companies at the conclave with offerings ranging from e-commerce to cloud platforms.

The rapid growth in establishment of new technology product & digital start-ups has positioned India as the 4th largest base of start-ups world-wide. India currently boasts of over 3,100 start-ups, with an addition of 800+ start-ups in 2014 alone. Product startups, for their sheer scope and with their impressive applications and numbers, have formed the backbone of the ecosystem which in turn is playing a key role in the growth of the Indian economy.

The conclave recognizes that the time for the Indian product story is ripe as the country’s IT industry moves beyond its leadership in the services sector towards IP and products. The Hyderabad edition of NPC, witnessed a turnout of over 400 delegates encouraging companies located in the region to participate and interact with some of the super achievers in the Indian Products arena.

About NASSCOM

NASSCOM is the premier trade body and the chamber of commerce of the IT-BPM industry in India. NASSCOM is a global trade body with more than 1800 members, which include both Indian and multinational companies that have a presence in India. NASSCOM’s member and associate member companies are broadly in the business of software services, software products, consulting services, BPM, e-commerce and web services, engineering services and animation and gaming. NASSCOM’s membership base constitutes over 95% of the industry revenues in India and employs about 3.5 million professionals.

NASSCOM marked the second anniversary of its 10,000 Start-up Program to create 10,000 domain specific start-ups in the country by 2020. As the 10,000 start-up program keeps rolling to its fourth phase of shortlisting, Phase 3 had 500 startup shortlists who went through pitch & mentoring Konnect sessions.

Applications are currently being processed on FIFO basis till 22nd April for the next session of Startup Konnect which is a mini boot-camp program for shortlisted startups who will be eligible for connect-2-pitch with all ecosystem partners including leading Accelerators, Angel investor networks & venture capital firms.

Nasscom_10000Startups

Speaking at the occasion, Rajat Tandon, Senior Director, NASSCOM 10,000 Startups stated

Startups are the lifeblood of our economy. We today have the support of 150 volunteer mentors, industry specialists, angel investors & VCs, as well as a startup alumni network like no other.

We can proudly say that through its phases the 10,000 start-ups program has been able to carve out many success stories across domains. Now with the roll out of the fourth phase, we are looking to accelerate more startups who will re-define the technology landscape of the country.

Speaking at the occasion Mary Grove, Director, Google for Entrepreneurs said

We are impressed by 10,000 Startups’ work to foster a vibrant ecosystem of innovation and entrepreneurship in India. We are very excited for the fourth phase of 10,000 Startups Program that enables entrepreneurs to connect with investors and mentors to grow and expand.

Ravi Narayan, Managing Director, Microsoft Ventures India said

Microsoft Ventures has been working with NASSCOM 10,000 startups to accelerate high potential startups and we are delighted to see the impact of our partnership. Many of the startups we have helped gain traction through our accelerator programs were previously incubated in the 10K Warehouse and the startups have benefited from both programs immensely. We are positive that this partnership will continue to build a stronger ecosystem for startups in India and provide them promising future.

Application Process for startups

  • Startups need to apply for the program here
  • Startups should provide a detailed overview of their business idea and the market opportunity.
  • Approximately 200 startups will be shortlisted for the 4th batch, handpicked by the ecosystem partners.

Benefits of the Program

  • Shortlisted startups will participate in the intensive accelerator pitch & mentoring connect sessions starting June 1st week across Bangalore, Delhi, Mumbai, Pune, Kolkata, Chennai and Hyderabad
  • They also get a Start-up Kit – a package worth $25,000 of value added services and credits from Google, Microsoft, AWS, Knowlarity, HackerRank and Kotak

About 10,000 Startups

Started in April 2013, 10,000 Startups is an ambitious attempt by NASSCOM to scale up the startup ecosystem in India by 10x. 10,000 Startups aims to enable incubation, funding and support for 10,000 technology startups in India over the next ten years. The initiative brings together key stakeholders of the ecosystem including startup incubators, accelerators, angel investors, venture capitalists, startup support groups, mentors, and technology corporations.

Since its launch in April 2013, they have done about 450+ events in 22 cities of the country which were attended by a whopping 25,000 attendees and received 9000 Applicants, 800 Startups Shortlists, and 150 Impacts.

Nasscom-Partners

The program is supported by founding partner Google for Entrepreneurs, Microsoft Ventures, Intel and Kotak Mahindra Bank.