Startup Oasis invests Rs 1.7 crore in 6 social impact startups

Startup Oasis invests Rs 1.7 crore in 6 social impact startups

Posted by M.Venkatesh on September 23rd 2017

Startup Oasis, a leading start up incubator has invested up to Rs 1.7 Crore in six social impact startups under the Innovative Ventures and Technologies for Development (Invent) program.

Startup Oasis was jointly set up by RIICO and CIIE Initiatives at IIM Ahmadabad & received support from National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology (DST) in 2015.The key focus of Startup Oasis is to make Rajasthan & Madhya Pradesh the national leaders in social impact startups. Invent was launched in 2016 by the UK Government's Department of International Development (DFID) and Technology Development Board (TDB) to support and fund social impact startups from eight low-income states of India.
 
Startup Oasis intends to seed-fund another 25 high impact social startups from Rajasthan and MP in the range of Rs 10-50 lakh over the next two years. For strengthening the social entrepreneurship ecosystem in these two states, a social impact accelerator program will be launched in November 2017.
 
The six startups that received funding are:
 
From Rajasthan

Krimanshi Technologies- Supplies innovative and high quality cattle feed and nutrients made from waste.
 
KBSS- Kaushal Bhaav Skill Solutions - A Pvt.Ltd company, partnering with profit, non-profit organisations & government agencies on imparting skill training in seven key sectors including; construction & heritage, healthcare, handicrafts, textiles, gems & jewellery, media & entertainment and tourism &hospitality.
 
Merapaper- Which helps small vendors to automate and digitalize the billing and payment collection process with a very simple and easy to use mobile application. 
 
Multibhashi- It is a language learning app targeted at blue collared workers to learn English using their mother tongue.
 
From Madhya Pradesh 
 
Carmel Organics- It helps &  enables small and marginal farmers to organically grow medicinal herbs, herbal tea and spices which are supplied to large customers and  exported.
 
Khadigi- Is is into enabling digital printing which significantly increases the demand and income for the khadi weavers.

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