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Gwalior's royal family scion Mahanaaryaman Scindia, whose name speaks volumes, has shed his legacy and ventured into building his own empire from scratch through startup MyMandi, which he expects to turn profitable in about one-and-a-half years of its business commencement. By combining his lineage of public service, lessons of creating social impact by grandfather late Madhavrao Scindia and wisdom acquired during work at global firms Boston Consulting Group and Softbank Group, 27-year-old Scindia and his firm's co-founder Suryansh Rana, 25, zeroed in on a common passion of working in agriculture sector, cut down on waste of fresh produce and logistic costs. Founded in 2022, MyMandi began operations from Gwalior where Scindia himself goes into local mandis, with a covered face to conceal his identity, for procuring fresh produce and sell the inventory to the firm's last mile delivery partners -- street vendors and cart pushers community. The formula of their venture has led to a ...
/ -- Delhi/NCR-based agri-tech startup Otipy operated by Crofarm is planning to hire more than 250+ employees this fiscal. The company is looking for fresh talent across various departments including Sales & Marketing, Data & Analytics, Technology, Product Management, Operations & Supply chain, Procurement, etc. As a fast-growing company, the startup is expanding its operations to different parts of the country and has mapped out a plan to generate employment opportunities for freshers as well as seasoned professionals through job aggregators and direct applications. Otipy is a young organization with a workforce of 400+ employees, the start-up has recently added young, energetic, and sharp talent across functions from different groups of institutions/ colleges along with experienced employees and with this announcement the company looks forward to adding more talent in the coming days. In light of the current hiring process, Mr. Varun Khurana, Founder & CEO of Otipy ..
Markets regulator Sebi has given approval to IndianStartupFactory to launch Rs 200-crore maiden India venture capital fund which will invest in startups as well as small and medium enterprises (SMEs). The move would increase funding accessibility and give momentum to upcoming ecosystems, including startups and SMEs, IndianStartupFactory said in a statement Wednesday. The fund -- ISF Special Opportunity Fund--will invest in startups, SMEs and MSMEs (Micro, Small & Medium Enterprises). "The fund's mantra is based on a simple fact of business known as Profitability. We are not here to make investments as betting game market, but rather make significant and real companies, having clear prospects of a healthy bottom line," ISF Special Opportunity Fund Founder Kapil Kaul said. He further said: "We have a vision of doing diligence as a private equity and investing a ticket size of a venture capital.This unique method is scientific and is not easily attainable, but it does give our fund