Lumis Partners-backed Emoha, Eunimart selected among TiE50 list of top startups
Indian startups and on Tuesday won top positions in the TiE50 list announced at TiECon 2022, a flagship event hosted by TiE (The Indus Entrepreneurs). Emoha is a Gurugram-based tech-enabled eldercare startup, while Eunimart is a cross-border ecommerce ecosystem enabler based in Hyderabad.
The awards are contested by thousands of early- to mid-stage startups worldwide. The startups, backed by Gurugram-based operating investment firm Lumis Partners, will now have access to funds allocated by TiE, greater mentoring and networking opportunities with Venture Capitalists (VCs) and angel investors. The awards will also provide the startups with a one-of-a-kind showcase opportunity amongst the world’s top technology and technology-enabled startups.
upGrad Abroad ties up with UK-based Prodigy Finance to offer education loans
upGrad Abroad, the ‘Study Abroad’ vertical of edtech startup , has tied up with UK-based student loan company, , to provide collateral-free loans to students pursuing masters degrees from upGrad abroad-partnered universities abroad.
The learners in the second year of a master’s degree can avail of collateral-free loans, with a repayment period of up to 20 years. As part of the partnership, upGrad Abroad will offer master’s courses across domains like Artificial Intelligence (AI), data analytics, civil engineering, entrepreneurship, cybersecurity, international business and project management across the US, the UK, Germany, Canada, Ireland, Australia, and France.
Learners will have access to their loan status, allotment, transfer, and repayment on the Prodigy Finance online platform.
D2C meat and seafood brand Pescafresh partners with Zepto
Direct-to-consumer (D2C) meat and seafood brand has partnered with quick delivery app Zepto to provide speedy doorstep delivery of its products to consumers.
Pescafresh products will be available through the Zepto app across Mumbai, followed by Pune, in the near future. It also plans to launch operations in Delhi and Bengaluru.
“It is quite exciting to partner with Zepto across their fulfilment centres. Their focus on quick commerce operations along with our deep insights on this category could bring several consumers on the organised platform. We are pleased to see their commitment to develop this important seafood and meats category on their app,” said Sangram Sawant, Founder at Pescafresh.
Pescafresh raised $2 million in a new funding round led by UK-based Elara India Opportunities Fund in April 2022.
Indian consumers develop growing affinity towards Korean beauty ingredients: Survey
Young Indian consumers, especially women, are developing a growing affinity towards popular Korean-beauty ingredients, revealed a survey conducted by D2C beauty and personal care brand, Pilgrim.
The survey highlighted some of the latest trends in the beauty space. According to it, 40 percent of women, belonging to the age group of 21-40, expressed their desire to try products with 24K Gold as the key ingredient. The data also showed that rice water holds the top place (47.5 percent) among the skincare trends that consumers would want to try. The demand was driven majorly by metropolitan cities – Bengaluru, Hyderabad and Delhi. Face serums are the most preferred (38.98 percent) skincare product followed by Facial masks (30.58 percent).
Talking about the insights, Gagandeep Makkar, Co-founder and COO, Pilgrim, said, “The Korean beauty regimes have only witnessed an uptick in the past few years. Millennials and GenZ consumers have a growing appetite for global beauty traditions and are now more than ever willing to invest their time, money, etc., in learning and imbibing these native traditions into their lives.”
HempStreet announces strategic partnership with Israeli Femtech company Gynica
Delhi-based Cannabis startup has partnered with Israel-based femtech company Gynica to strengthen research and development (R&D) capabilities and to co-develop clinically-proven phytopharmaceutical products to improve menstrual health and other ailments related to their health.
Incorporated in 2019, HempStreet has been working on developing cannabis-based medicine for menstrual cramps. It launched its flagship product, Trailokya Vijaya Vati, that has shipped over four million doses across India.
Commenting on the partnership, Abhishek Mohan, Founder and CEO, HempStreet said,
“We are very pleased to enter this partnership with Yotam Hod (CEO of Gynica) and the team at Gynica, who are a cutting edge biotech firm focused on solving the unique requirements of women’s health via clinically validated cannabis based medication. This partnership is also representative of the focus of biotech innovation in India and Israel, that both share the same passion for phytopharmaceutical medicines and to solve problems for the world.”
Abhishek Mohan, Founder & CEO, HempStreet
IT stalwart Ganesh Natarajan joins advisory board of Centre for Innovation in Public Policy
Chairman of Honeywell Automation India Ltd, Ganesh Natarajan has joined the advisory board of the Centre for Innovation in Public Policy (CIPP), a think-and-do public policy tank. Ganesh is an independent director on the Board of State Bank of India, and is also the Vice Chairman and CEO of Pune-based Zensar Technologies. He had founded 5F World, a platform dedicated to investment and mentoring of start-ups, skills platforms and social enterprises.
