Startup Oasis Co-invests Seed Fund in Vyomeen Media under SAP INNOCITY Program
Every content aggregator in the market onboard the publisher by promising sharing of ad revenue with them while the company is providing 360 solutions in the form of programmatic content market place in addition to ad revenue.
News Reach is aggregating the content of local news publishers, reporters and providing them the web presence by helping modernise and organise the 4th pillar of local democracy by reducing the problem of unsustainability of print paper model and untapped publishers community.
They have recently closed equity funds with Startup Oasis, JITO, Ruxton Ventures (US-based venture firm) and some Angel Investors.
“The Indian Media and Entertainment industry is expected to reach nearly Rs. 3.07 Lacs Crore(US$ 43.93 Bn) by 2024 and is set to expand at a CAGR of 13.5% during 2019-24” report by India Brand Equity Foundation.
Wide Need Raised Follow-On-Funding from DST GoI
Wide Need has developed a product named Peeschute which is an innovative and patented unisexual pocket toilet which can be used to urinate when attending the nature's call is difficult. It is a biodegradable sustainable, environment-friendly product which instantly solidifies human urine and turns it into an odor free non liquid state to ensure high standards of hygiene
They have been funded and incubated at Startup Oasis, Jaipur under INNOCITY program and recently they have raised funds from DST, GoI under CAWACH.
Startup Oasis Invests Seed Fund in Amounee Handloom under SAP INNOCITY Program
Amounee provides a personalised buying experience for textile-lovers and bring back handicrafts and handloom in the public attention by directly connecting the customers to the artisans for authentic handloom and ethical textile crafts by using C2C digital platform that uplifts the livelihood of rural artisan communities with the affordable price for premium products.
India’s textile industry contributed 7% of the industry output in FY19 and 2% to GDP of Indian and employed 45 Mn people in India.
The production of raw cotton in India is estimated to have reached 36.04 Mn bales in FY20” report by India Brand Equity Foundation.
Also Under Union Budget 2020-21, a National Technical Textiles Mission is proposed for a period from 2020-21 to 2023-24 at an estimated outlay of Rs. 1480 Cr.
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