Showing posts with label startup. Show all posts
Showing posts with label startup. Show all posts

Monday, March 7, 2022

Delhi school students pitch ideas to investors at Business Blasters expo

 

It is a warm Saturday spring afternoon, and the air is almost electric at Delhi’s Thyagaraj stadium as queues form outside the gates. The excitement isn’t for a sports event. Those who’ve turned up at the stadium on March 5 are here for a unique expo-style exhibition. Inside is an army of students from Delhi’s government schools. They are here to pitch their ideas to investors and venture capitalists and seek both capital and mentorship. The mega event — the Business Blaster expo — is the next step of Delhi government’s entrepreneurship mindset curriculum, launched in September 2021 wherein some 300,000 students received Rs 2,000 each as seed money to build on their proposed business ideas. Now 775 of those students, split in 126 teams, have made it to the expo in the hope of taking their entrepreneurial dreams to the next level. In a separate meeting room, investors sit down with team leaders of projects they are interested in, working out deals. At the end of the day, 200 Letters of Intent are signed. But first, the investors get a demo on the business ideas. At the end of the hall, a siren goes off from time to time. Turns out the sound is emerging from a stall selling security alarms for home. A few metres away, at Stall No 68, visitors sample a healthy powder made from date seeds but which tastes like coffee. Among them is marketing professional Ritesh Jain, whose mother saw the project on the Business Blasters TV show and was intrigued by the concept. “It seems interesting and I am keen on seeing what their business plan and total addressable market is,” says Jain.

Wednesday, March 18, 2020

Startup Agnikul raises Rs 23.4 crore to put small satellites into space

Companies News
Agnikul, a startup spearheading 3D printed single-piece rocket motors and building an orbital-class dispatch vehicle that can take little satellites to space, has brought Rs 23.4 crore up in a pre-arrangement A round drove by pi Ventures. Different speculators which partook in the round included Hari Kumar (LionRock Capital), Artha Ventures, LetsVenture, Globevestor, CIIE and existing financial specialist Speciale Invest. Agnikul plans to utilize these assets for ground testing, creation and group extension.
Agnikul, working out of National Center for Combustion Research at IIT Chennai, is building up a satellite dispatch vehicle for payload limit of up to 100 kgs. The vehicle is configurable and can bolster a payload scope of 30-100 kgs without affecting the financial matters. Since the motor is completely 3D printed, the assembling intricacy related with conventional rocket motors is moved to the plan for their situation, making it a simpler and less expensive manufacture process that will have the option to convey dispatch vehicles inside half a month, essentially on request. Agnikul said it is the main organization on the planet to structure a rocket motor which can be imprinted in a solitary piece utilizing 3D printing innovation.

"We began Agnikul with the fantasy about bringing space inside everybody's compass. We are doing this by building deft, dependable and measured rockets that can place little satellites in space on-request," said Srinath Ravichandran, Co-organizer and CEO, Agnikul. "This round of speculation from pi Ventures, Speciale Invest and others is an important speed lift to our excursion and will legitimately assist us with getting a lot nearer to circle," he said…Read More