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Saturday / April 20. 2024
HomeAgroPolicyAgro UniversitiesIIM Kashipur’s agri start-up fiesta drives Rs 15 Cr funding to promote startup ecosystem

IIM Kashipur’s agri start-up fiesta drives Rs 15 Cr funding to promote startup ecosystem

A total of INR 14.6 Crores has been disbursed to startups under startup support schemes out of which INR 1.30 Crores have been sanctioned to 13 Agri-focused startups in FY 23-24 by RKVY RAFTAAR RABI scheme

“Uttishtha 2024,” the 7th edition of the biggest agri start-up expo, has concluded with great fanfare after two days of talent, innovation, and creativity organised by the Foundation for Innovation and Entrepreneurship Development [FIED] and E-Cell at IIM Kashipur. The event showcased several forward-thinking startups run by bright young people from all around the nation.

IIM Kashipur’s FIED-funded startups were Krushika Naturals Pvt. Ltd. 25 Lakhs, Himshilpi Hunar LLP 5 Lakhs, Zarin Gourmet Pvt Ltd 25 Lakhs, MyPahadiDukan 25 Lakhs, BABA Agrotech 20 Lakhs, SS Agriculture Innovations Pvt Ltd 5 Lakhs, and Svastha Samriddhi Pvt Ltd 25 Lakhs. This funding aims to catalyse the growth of these ventures and contribute to the entrepreneurial ecosystem.

A total of INR 14.6 Crores has been disbursed to startups under startup support schemes out of which INR 1.30 Crores have been sanctioned to 13 Agri-focused startups in FY 23-24 by RKVY RAFTAAR RABI scheme by Ministry of Agriculture & Farmers Welfare & INR 2.89 Crores have been sanctioned to 13 startups under Startup India Seed Fund Scheme.

With the aid of IIM Kashipur’s FIED, several brilliant startups, such as Bijak, Loopworm, Greenpod Labs, InfyU Labs, Agronxt, Industill, and Ikayu Foodlabs, have raised INR 320 Crores and more in funding from outside venture capital firms and angel investors. Under the Ministry of Agriculture & Farmers Welfare’s RKVY RAFTAAR RABI scheme, IIM Kashipur FIED has provided funding and business training to 200+ startups since its founding in 2018, including 68 with an agri-focused focus.

100 promising agri-startups and community-focused businesses from the Uttarakhand hills participated in the agriculture fair, showcasing their goods and services that support the agricultural industry and its supporting ecosystems.

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