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BizDateUp Technologies acquires 20% stake in Duro Green

EntrackrEntrackr ยท 1y ago
BizDateUp Technologies acquires 20% stake in Duro Green
Medial

BizDateUp Technologies has acquired a 20% stake in Duro Green, an environmental impact startup providing wet waste management services. In addition to financial backing, BizDateUp Technologies is set to collaborate closely with Duro Green to optimize operations, implement automation, and integrate technologies. This strategic partnership will enable Duro Green to accelerate its growth plans and solidify its position as a frontrunner in sustainable waste management solutions. Founded by Jeet Chandan and co-founded by Meet Jain, BizDateUp is an ecosystem enabler for startups offering comprehensive support services to visionary entrepreneurs to the forefront of their industry. BizDateUp empowers startups to challenge conventions, pioneer new solutions, and drive meaningful change in their respective fields. BizDateUp claims to have funded over 25 startups, raising a $10 million fund, and engaging with more than 1,000 active angel investors. Duro Green operates as a wet waste management company, offering comprehensive waste solutions to businesses and communities nationwide. With a focus on sustainable practices and environmental responsibility, the company utilizes advanced technology and innovative approaches to ensure efficient waste handling and reuse.

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BizDateUp launches Rs 1,000 Cr Pulse Fund I

EntrackrEntrackr ยท 15d ago
BizDateUp launches Rs 1,000 Cr Pulse Fund I
Medial

BizDateUp has launched Pulse Fund I, a Rs 1,000 crore Category II Alternative Investment Fund (AIF). The fund includes a Rs 500 crore base and an additional Rs 500 crore green-shoe option. According to the fund, it will invest 50% in high-growth startups, 30% in profitable SMEs, and 20% in select real estate projects. The fund is structured as a 10-year close-ended vehicle, extendable by 2 years. It will focus on sectors such as AI, SaaS, fintech, healthtech, deeptech, defense, aerospace, gaming, EV mobility, green energy, and regtech. A special focus will be given to opportunities in tier-II and tier-III cities. The fund also promises financial, legal, and compliance checks, overseen by an NISM-certified fund manager. Founded by Jeet Chandan and Meet Jain, BizDateUp is an ecosystem enabler for startups offering comprehensive support services to visionary entrepreneurs to the forefront of their industry. BizDateUp empowers startups to challenge conventions, pioneer new solutions, and drive meaningful change in their respective fields. It has funded over 25 startups, raised a $10 million fund, engaged 1,000 angel investors, and delivered an average return of 3.5x to its backers in FY24. BizDateUp plans to expand globally by launching parallel funds in Singapore, the USA, and Dubai within 24 months, targeting over $1 billion in international capital for Indiaโ€™s innovation ecosystem. Earlier in May last year, BizDateUp Technologies had acquired a 20% stake in Duro Green, an environmental impact startup providing wet waste management services.

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