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India’s garbage turns out to be Goldmine for Foreign Investors: Here is How!

Microfinance provides women from low-income groups funding for which they get comparatively quick results

widespread garbage on the streets~pixabay
  • Severe problem of garbage disposal and widespread scrap on the streets
  • ScrapApp,a startup aims at recycling the garbage trash from other waste
  • Startups get most of their funding from overseas  investors,the concept of social entrepreneurship still unknown to Indian population

MUMBAI, 24 SEPTEMBER, 2016: ScrapApp founded in 2015 is an app which helps the customer find out what their scrap is worth. It’s an initiative to make Indian streets clean  and bearable to walk on by recycling the garbage. Masked workers from ScrapApp daily separate the recyclable debris from the trash at DLF Mall, the largest mall in India giving the startup a kick in their business.

Vidhur Bakshi, 27, CEO of ScrapApp said that they get most of their funding from foreign investors because social entrepreneurship isn’t  yet popular in India.Other startups have mutual opinions on this matter.The reason behind this is that even if Indians do invest, they expect breakneck returns, mentioned HuffPost report.

The Scrap App. Twitter
The Scrap App. Twitter

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The Global Social Entrepreneurship Network (GSEN) and UnLtd, foundations for social entrepreneurs when carried out a poll found out that the lack of awareness of the public about social entrepreneurship and funds made it challenging for them to make the move and grow their profit,non-profit business.

Though a difficult task, but some startups which have helped people have access to water,sanitation etc have helped in easing the task of finding investors and thus more and more businesses are ready to fund this sector,a sector that which targets at bringing renaissance in the society and mindset of people,a society where recycling garbage is not included as a part of formal sector

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India comes under one of the countries(other than Canada,Singapore,The United States) where it is easiest to access investment.Experts claim that India can play a significant role in developing the domestic lives as well as use similar business ideas in bettering the social conditions in Africa.

Anurag Agrawal, CEO of Intellecap  told the Thomas Reuter’s Foundation that if an enterprise invests in a startup which is backed by a professional team and focused funds there are no chances of the investors suffering a loss. On reviewing many Indian startup Ceo’s, their views on this topic was that nations like the USA and Singapore are eager to  provide financial help to Indian startups focusing on societal development.

Experts say that there is one sector where the Indian enterprises are keen on investing- microfinance. Microfinance provides women from low-income groups funding for which they get comparatively quick results. Some of the top microfinance institutions are-Annapurna Microfinance Pvt Ltd, Arohan Financial Services Pvt Ltd etc.

Since the masses are adopting a change with growing awareness of the new generation so is the perspective of the investors who are gradually wishing to help the Indian startups who are trying their best to light a candle  for a better society.

–  prepared by Ashwati Menon of NewsGram. Twitter: @Ashu_phoebe


Next Story

Microsoft Ready to Help Indian Startups, Says President Anant Maheshwari

Microsoft is focused as much on selling third party solutions as their own, and this co-sell motion has helped generate $8 billion in revenue for partners within 18 months

FILE - Microsoft Corp. signage is seen outside the Microsoft Visitor Center in Redmond, Washington, July 3, 2014. VOA

Armed with a cutting-edge technology platform, a well-established partner organisation and an expansion of M12 venture fund, Microsoft is ready to help Indian startups across the spectrum embrace the next phase of growth, Anant Maheshwari, President, Microsoft India, said here on Monday.

India, which saw a tremendous growth in the startup space in the last couple of years, is now witnessing a growth in the business-to-business (B2B) tech startups coming up with innovative ideas to deal with local problems.

“With our intelligent tech expertise, deep focus on trust and unique global go to market partnering, we empower unicorns and startups to scale sustainably at a global level,” said Maheshwari.

“We remain excited about India’s entrepreneurial startup potential and will continue to accelerate it as a growth engine for the economy,” he added.

India witnessed a dramatic rise of eight unicorns in 2018 from among the start-ups across verticals as against a mere nine in six years from 2011 till 2017, according to IT industry apex body Nasscom.

The start-ups joining the select club for their valuation over $1 billion are Oyo Rooms (hospitality), Zomato and Swiggy (food delivery), Udaan (retailer marketplace), Byju’s, (edu-tech), Paytm Mall (e-tail), Freshworks (software programmer) and Policybazaar (digital insurance).

Maheshwari said Microsoft is uniquely positioned to support Indian startups to achieve scale and evolve from market ready to enterprise ready.

Microsoft, Taiwan AI
A man walks past a Microsoft sign set up for the Microsoft BUILD conference at Moscone Center in San Francisco, April 28, 2015. VOA

The introduction of M12, Microsoft’s venture fund, in India in February is creating new value for startups, VCs and the company itself to maintain the pace and direction of innovation.

“M12 is looking at investing in innovators who have aligned their focus on cutting-edge technologies that better enable digital transformation. The portfolio development team at M12 is specifically built to help support and scale companies by leveraging the expansive resources of Microsoft,” said the company.

According to reports, venture capital investments in Indian tech business-to-business (B2B) start-ups have been trending upwards, with over $3.09 billion raised in equity funding across 415 deals in 2018 — 28 per cent more than $2.41 billion in 2017.

Also Read: Facebook’s Push to Become China’s WeChat May Kill it

Under the “Microsoft for Startups” initiative, startups can co-sell with Microsoft sales teams, get access to top tech VCs in the global arena and mentorship from industry veterans.

In less than 18 months, Microsoft for Startups has closed more than 120 co-sell deals with more than $126 million in active pipeline for startups.

Microsoft is focused as much on selling third party solutions as their own, and this co-sell motion has helped generate $8 billion in revenue for partners within 18 months. (IANS)