INCUBATEE BUZZ
 
Startup Oasis Invests Seed Fund in Innofarms through NIDHI SSS Program
 
 
Innofarms has developed an on-farm fruit processing unit which helps reduce wastage and supports small farmers in their livelihood. They have developed mobile processing unit plants which could move around the fields where operation is required to be done.
 
India is the second-largest country in terms of arable land roughly 160 million hectares. It also ranks second in production of fruits and vegetables. “The shelf life of fruit pulp is longer than the fresh fruits and with an estimated 57% market share in 2025, the exotic fruit segment is anticipated to lead the global fruit market throughout the forecast period with CAGR of 5.8%”- Persistence Market Research.
 
 
 
Startup Oasis Committed Seed Fund in Neerx Technovation under SAP INNOCITY Program
 
 Neerx Technovation provides sensing and data analysis solutions for understanding microclimate in crop fields. They have developed in-house sensors that are embedded in the field based on the crop type, topology and location to gather real-time farm data which is then converted into further application i.e. crop rotation and management, pest and disease management, soil moisture, fertigation and salinity management.
 
Agriculture is the backbone of the Indian economy. However, one of the major problems faced by farmers in India is they are forced to take decisions on farming without any accurate data available to them as farmers don’t have real-time knowledge of the soil and crops.
“The global soil moisture sensor market size was valued at USD 173.6 Mn in 2018 and is expected to grow at a compound annual growth rate of 14% from 2019 to 2025” - Grand View Research.
 
Visitwww.neerx.in
 
 
Fabriclore Raised Follow- On- Funding
 
 
Fabriclore is the Internet's first brand for unstitched craft fabrics. They in collaboration with modern designers are constantly inspiring creativity both in clothing and home furnishing. They have been funded and incubated at Startup Oasis, Jaipur under DFID UK and TDB GoI supported INVENT program since 2019. They have recently raised follow-on-capital from Rajasthan Venture Capital Fund (RVCF).
 
Fabriclore follows a hybrid business model with marketplace and retail. Apart from curating fabrics from artisans and manufacturers across India, the company also gets fabrics customized, fusing various designs. They sell only from their own website.
“India’s textile sector is one of the oldest industries in Indian economy dating back several centuries.” According to India Brand Equity Foundation Report, “India’s textile and apparel exports stood at USD 38.70 billion in FY19 and is expected to increase to USD 82 billion by 2021 from USD 22.95 billion in FY20”.
 
 
 
Book My Bai Raised Follow- On- Funding
 
BookMyBai is India’s largest aggregator of reliable and trusted maids, babysitter, caretakers and cooks, where homeowners can watch pre recorded interviews online and shortlist the candidates they wish to meet in person.
 
They have been funded and incubated at Startup Oasis, Jaipur under DFID UK and TDB GoI supported INVENT program since 2019. They have recently raised follow-on-capital from Villgro.
“Indian homes have witnessed a 120% increase in domestic workers in the decade post-liberalization. In 1991 the figure was 7.4 lacs, while in 2001 it was 16.6 lacs." According to data provided by Delhi Labour Organization, "there are more than five crore domestic workers in India most of whom are women".
 
 
 
Startup Oasis
www.startupoasis.in
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