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Gotham Greens – A Startup Using Urban Farming To Supply Fresh Produce

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A majority of the American population is growing conscious about the journey of the food they eat, starting from the cultivation to how it ends up on their table.  They are concerned about the quality of the produce in terms of whether pesticides are used and are trying to reduce unnecessary consumption and only consume what is necessary.  Amidst all this, a New York based startup called Gotham Greens came up with what is called ‘urban farming.’ This is a concept of farming which uses urban spaces like buildings’ rooftops and abandoned warehouses and combines it with greenhouse farming to produce farm products.

The beginning of Gotham Greens

Gotham Greens was founded by Viraj Puri and Eric Haley when they quit their jobs and decided to do something environmentally friendly.  Viraj Puri was working at an environmental engineering firm and Eric Haley was working at a private equity and advisory firm. After finalizing a business plan, they had Jenn Nelkin Frymark join as a third partner and kicked off their first greenhouse in Brooklyn.

How Gotham Greens operates

Gotham Greens employs state of the art machinery to ensure they maintain high quality.  All the greenhouses they currently operate are completely solar and wind powered, meaning they maintain a neutral energy footprint.  The greenhouses are fitted with the latest sensors to control various factors like climate, moisture, oxygen and carbon dioxide content.  All the produce is farmed using a method known as hydroponic farming. ‘Hydroponic’ originates from Greek and hydroponic farming means water cultivation.  This type of farming reduces the land requirement for farming without compromising on the yield.

Advantages

Gotham Greens employed sustainable techniques to ensure there is minimal wastage of resources as well as their products.  All the water they use while farming is recycled and reused. Their way of farming increased productivity by 30 % more than that achieved by conventional farming methods, which require large areas of arable land.

Gotham Greens also has another unique achievement under its belt.  During the Company’s early days, Whole Foods was one of their initial customers.  Together, they built a greenhouse on top of a Whole Foods flagship store in Brooklyn, where they cultivate and produce fresh leafy greens and herbs.  This Whole Foods store’s customers directly get their produce from the farm. This is a first of its kind and needless to say, it cuts down on the cost of logistics and drastically increases the products’ shelf life.

Gotham Greens now plans to scale up and increase the number of their greenhouses to tackle the demand they are currently receiving.  By the end of 2019, the Company is looking to expand and have 8 greenhouse facilities in 5 states of the United States and increase its regional distribution to more than 30 states of the Country.

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Entrepreneur Stories

Meta’s Upcoming AR Glasses: A Sneak Peek

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Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.

The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.

This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.

Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.

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