Startup Oasis Co-invests Seed Fund in Avidia Labs Media through NIDHI SSS Program
Avidia Labs is going ahead with the Immersive Learning concept by using innovative technology tools i.e Virtual Reality, Augmented Reality, 3D printing which provides 360° solutions to the customers.
The experiential learning through visual technologies enables students to observe and reflect on concepts taught in the classroom and gain real time experiences.
They have recently closed equity funds with Startup Oasis, Udaipur and Jodhpur Angels.
“The global augmented and virtual reality market size was $11.35 Bn in 2017, and the augmented and virtual reality market forecast is projected to reach $571.42 Bn by 2025, growing at a CAGR of 63.3% from 2018 to 2025” report by Allied Market Research.
Dressfolk Raised Follow-On-FundingI
Dressfolk converts Indian traditional crafts into comfort contemporary clothing, making it relevant to the maverick women community. They develop western apparels using handmade & organic processes that are sold online through their website and their channel partners, assuring that “the customers get exactly what they see on the screen, every single time”.
Whenever a new design is launched a small number of semi-stitched pieces are made, though the final stitching and finishing are done only after receiving an order.Their innovation lies in the ‘Just-In-Time’ manufacturing model that requires zero inventory upkeep.
They have been funded and incubated at Startup Oasis, Jaipur under INNOCITY program and recently they raised some funds from “Victora Group”.
RVCF Invests in Series A Sprint for Krimanshi
Krimanshi works on sustainable and unconventional feed systems to feed systems to feed the animals by valorizing food residues and surplus into highly nutritious feeds. The right balance of green and concentrate feed could increase milk production by 20% while saving 20-30% on the cost of production.
They have been funded and incubated at Startup Oasis, Jaipur under DFID UK, TDB GoI supported INVENT program since 2017. They have recently raised follow-on-funding from Rajasthan Venture Capital Fund(RVCF).
“The Global Food Waste Management Market was valued at USD 28.57 Bn in 2016 and is projected to reach USD 73.08 Bn by 2025, growing at a CAGR of 11.35% from 2017 to 2025” report by Market Watch.
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