INCUBATEE BUZZ
 
Startup Oasis Co-invests Seed Fund in Wide Need under SAP INNOCITY Program
 
Wide Need believes that world needs more sustainable and handy solutions for human pee problems. Their firm belief is that reforms in sanitation can bring profound opportunities to Indian employment market, especially for rural women; while also enhancing health conditions in general. Their product Peeschute is an innovative and patented uni-sexual pocket toilet.
 
They have recently closed equity funds with Startup Oasis and Marwari Angels. “The India feminine hygiene market is forecasted to grow at a CAGR of 16.18% during the forecast period 2020-2025” report by PR Newswire.
According to the Statista Report, “the personal care market in India was valued at US$11.5 Bn in 2019 and is expected to cross US$15 Bn by 2023. The personal care industry constitutes nearly 46% market share of total beauty and personal care industry in India in 2019”
 
 
 
Innofarms Raised Follow-On-Funding 
 
Innofarms provides innovative and decentralized agro solutions. They have developed an on-farm fruit processing unit, which helps to reduce wastage and supports small farmers. This mobile processing unit plant can move around the fields wherever operation needs to be done.
They have been funded and incubated at Startup Oasis, Jaipur under NIDHI SSS supported by DST, GoI. They have recently raised follow-on-funding from the Angel Investors.
 
“The fruit and vegetable industry in India is likely to expand at a CAGR of 7.62% between FY 2018-2023 to reach a value of INR 256.4 Bn in FY2023. During FY 2018 India exported 391,283.8 MT of processed fruits and vegetables across the world, which was worth INR 34.04 Bn” - Business Wire report.
 
 
 
RVCF has Invested in Series A Sprint of Medcords
 
Medcords is India’s first digital & ML powered healthcare platform designed for India and developing countries. Medcords started with a vision of making healthcare affordable, efficient & enabling healthcare stakeholders in making real-time data-driven decisions.
 
The startup interconnects the stakeholders of the healthcare segment for smooth access and sharing of medical data and overcoming the hassle of storing and maintaining the hard copies.
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) and some Angel Investors.
 
 
 
SUCCESS STORY
 
 
Kinner Contributes and Serving the Nation in this Nobel Cause
 
Kineer Services was formed with a vision of a paradigm shift for the members of sexual minorities. They work towards creating dignified employment opportun-ities for these members, while taking care of the mental and physical health of this neglected community. With cooperation from Shri Laxmi Narayan Tripathi, they launched Kineer Packaged Drinking Water.
They have been funded and incubated at Startup Oasis, Jaipur under DFID UK, TDB GoI supported INVENT program since 2019.
 
As the lockdown began for COVID-19, team Kineer began serving 200 meals a day in Delhi / NCR but as the norms tightened and they began to have difficulties serving, they started helping companies and communities by reaching out to crowd-funding platforms.
They had launched a special campaign to assist the transgender community with food kits headed by Aryan Pasha, India's first trans-gender body-builder, lawyer and philanthropist.
They have served 38,000 food kits till July and have been selected by the Ministry of Social Justice and Empowerment for distribution of food kits.
 
 
 
Startup Oasis
Sitapura Industrial Area
Jaipur, 302022
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