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25 startups were granted pre-seed funding by Gujarat University

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Nowadays, people are showing interest in launching their own startups rather than working for any other company. To inculcate the entrepreneurship values and to encourage budding entrepreneurs, government is also coming up with new campaigns for it. Startup India by Government of India and T-hub by Telangana State Government are of that kind.

Gujarat University Startup and Entrepreneurship Council (GUSEC) in association with Gujarat CSR Authority also initiated a campaign called Jump Start, an opportunity for startups to get pre-seed funding. They received applications from 350 startups, out of which 50 applications have been moved forward. The shortlisted startups are invited for an interview and 25 startups became eligible for pre-seed funding.

Through this Jump Start, the selected startups are granted with a pre-seed fund of Rs. 40,000, necessary infrastructure, incubation and mentorship for their growth and development.

The most start ups which are selected are incubated in GU Startup and Entrepreneurship Council and Gujarat University. Only a few are out of Gujarat University. But after being selecting for this Jump Start, all startups are given the same preference. The rest 25 startups among the shortlisted are given with infrastructure support, incubation and mentorship at GUSEC.

To advance and support the budding entrepreneurs in the University, GUSEC was established in November 2015. The Gujarat University SEC has the capacity to incubate 80 startups. Till today it has supported 43 startups. Presently 36 startups are incubated in it.

The mission of GUSEC is to create job creators, not the job seekers. It also plans to set up a centralized startup support system for all the colleges under it.

The 25 startups which are selected for the grant are:

1) Sudaksha: It adapts drone technology in real time to improve the stability without the requirement of calibration.

2) Synbiotic Foods: This food startup offer products with Spirulina to improve nutrition levels. Also, they provide a combo of prebiotics and probiotics.

3) Sports Wearable: It is an IoT device to record and analyze the data of an athlete and gives feedback.

4) WeHear: They are working on hearing aids for deaf people. This device is BlueTooth enabled and the user can listen to songs and speak on phone.

5) My Class Campus: For effective communication among teachers, students, parents and management, My Class Campus is a personalized application for that purpose.

6) Resource Center for Actuarial Mathematics: It is a center for actuarial studies which involves advanced mathematics and statistics.

7) Funkaar Gigs: It is a connection between musicians and people who are looking for musicians.

8) Tractor Sodho: It is a rental service provider for farm machinery and equipment.

9) Planet Earthligs: They develop a virtual world and network to bring all children around the world to learn at a place.

10) CampusYaari: They developed a custom merchandise solutions for small and big brands.

11) Chemsol: Developed a synthetic method for a cancer drug, which may change how drugs are made around the globe.

12) Salubrious Gujarat: They are working to explore medicinal plants for critical illness.

13) Wittybrowns: They are to introduce moral and practical education to students across several schools.

14) D.A.C.H: It is called as De Assemble Camera Holster. It is used to decrease the weight of professional camera from neck and shoulders to the waist of the photographer.

15) SciTech: They are working to develop scientific approach and aptitude in children up to age 14 years.

16) Infin24: They are a guide to customers to buy mutual funds and financial assistance to customers.

17) Lutalica: It is a forum of the same kind of writers to share and express their thoughts.

18) PreBOO: It is an application which enables tutors and teachers to send reports and other activities of the student to parents.

19) StudentDesk: It is a platform where students can sell, buy, exchange and donate their books.

20) App-based Ambulance Calling and Tracking: A mobile based application which enables to request an ambulance on phone.

21) CashBasket: It is a platform where the customer can find many discount coupons and cash cards.

22) Luminati: They are with an innovative idea to design smart clothing.

23) ieacon: They have created a new platform to interact with customers. By this, the distance between the customers and merchants can be decreased.

24) BrainyBottle: They developed a mechanism for the self-destruction of used plastic and aluminum bottles.

25) Kollegians: It is a college management system which can host data from multiple colleges at a time.

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Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Flipkart - StartupStories

Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

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Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

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