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News on Medial
Kerala startup creating bio-bottles that decompose in 3 months
Inshorts
·
3m ago
Medial
Green Bio, a Kerala-based startup, is creating biodegradable bottles that decompose in just 180 days, leaving behind Carbon dioxide, water and biomass. Instead of traditional materials like paper or glass, Green Bio uses bioplastic granules from Polylactide (PLA) — made from natural resources like corn and sugarcane. PLA looks and feels like plastic but is completely biodegradable.
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Kerala aims to have 15,000 startups by 2026: CM Pinarayi Vijayan
Economic Times
·
6m ago
Medial
Kerala aims to establish 15,000 startups and create 100,000 employment opportunities by 2026, announced Chief Minister Pinarayi Vijayan at the Invest Kerala Global Summit. The state has progressed significantly in the startup sector, with 6,200 startups launched over the past eight years, attracting an investment of Rs 5,800 crore and creating 62,000 jobs. The ambitious 2026 goal reflects ongoing efforts to bolster the region’s startup ecosystem.
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Kerala startup ecosystem valued at $1.7 billion: Study
Internet
·
1y ago
Medial
According to a recent study, Kerala created a startup ecosystem valued at $1.7 billion in 18 months till the end of 2023, which is five times more than the global average during the period. Ecosystem value is a measure of economic impact, calculated as the value of exits and startup valuations.
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UNIREC producing clothing made from recycled PET bottles raises $190K led by BeyondSeed
IndianStartupNews
·
1y ago
Medial
Sustainable clothing brand UNIREC has secured seed funding of $190,000 from Singapore-based seed fund BeyondSeed. The funding will be used for market expansion and R&D to create innovative sustainable fabrics. In the past 18 months, UNIREC has produced 40,000 garments, recycled 300,000 PET bottles, reduced over 100 tonnes of carbon emissions, and recycled 6,000 kilograms of plastic. The brand aims to manufacture and sell 25,000 garments every month and currently offers a range of products made from an average of 10 plastic bottles per garment.
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Kerala-based agritech firm uFarms earns UK startup visa
Economic Times
·
1y ago
Medial
A Kerala-based agri-tech firm called uFarms.io has secured the UK Startup Visa, which is awarded to innovative startups that contribute to the UK economy. The company, incubated under the Kerala Startup Mission (KSUM), partnered with Uptown Urban Farms in Kerala to establish the state's largest fully-automated hydroponic farm. uFarms.io has received grants and awards for its groundbreaking solutions, including the Nidhi Prayas Grant and the EY Climathon Runner-up award. The company aims to bridge the gap between innovation and agriculture to promote sustainable farming.
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Gujarat, Kerala, Karnataka best states in providing strong ecosystem for startups: DPIIT ranking
Economic Times
·
1y ago
Medial
Gujarat, Kerala, and Karnataka have been ranked as the top performers in creating a strong startup ecosystem, according to the ranking of states and Union territories by the Department for Promotion of Industry and Internal Trade (DPIIT). Maharashtra, Odisha, Punjab, Rajasthan, Telangana, Arunachal Pradesh, and Meghalaya were also recognized as top performers. The rankings evaluate states based on their efforts to support startup growth, considering factors such as institutional support, innovation, market access, incubation, and funding support. Gujarat has consistently topped the list for the fourth year in a row.
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Indel Money preps for IPO in FY27 after launching eight branches in Delhi
OutlookIndia
·
1y ago
Medial
Indel Money Limited, a digital gold loan provider, has opened eight branches in the Delhi-NCR region as part of its expansion strategy. The Kerala-based company plans to introduce eight more branches in the first quarter of FY24. Indel Money aims to expand to Gujarat, Andaman Nicobar, Rajasthan, and West Bengal in the coming months and year, focusing on tier 2 and 3 cities. In addition, the company announced its fourth public issue of secured non-convertible debentures and plans to go public by the end of FY2026.
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Kerala-based energy tech startup to deploy 1,200 EV chargers across India
Economic Times
·
1y ago
Medial
Kerala-based energy tech startup, chargeMOD, is expanding its EV charger network by deploying 1,200 chargers across India and an additional 600 chargers in Kerala. The company plans to set up 1,000 slow chargers and 200 fast chargers in various Indian states, as well as 500 slow chargers and 100 fast chargers in Kerala. chargeMOD aims to introduce Ultra Fast Chargers with capacities ranging from 120 kW to 340 kW to enhance charging speeds and convenience. The startup has built an ecosystem of EV charging with hardware and software designed and manufactured in India.
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Tally Solutions Partners Kerala Startup Mission To Enhance Technology Adoption Among Startups
Inc42
·
11m ago
Medial
Tally Solutions has partnered with Kerala Startup Mission (KSUM) to provide business management solutions and learning sessions for startups. The collaboration also aims to promote technology adoption among emerging businesses and offer training to new-age tech companies in Kerala. KSUM is a nodal agency established in 2015 to support the startup ecosystem by providing infrastructure, funding, and other resources.
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Sridhar Vembu's Zoho opens new campus in Kerala, acquires Asimov Robotics
IndianStartupNews
·
2m ago
Medial
Zoho Corporation, led by co-founder Sridhar Vembu, has inaugurated a new research and development campus in Kottarakkara, Kerala, and acquired the robotics startup Asimov Robotics. The new campus, attended by Kerala's Chief Minister, will focus on AI and robotics research. Zoho plans to partner with Kerala Startup Mission for a Deep Tech Product Studio, fostering innovation. The Asimov acquisition enhances Zoho's robotics capabilities with ongoing collaborations and infrastructure development in the region.
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Kerala Budget 2024: INR 90 Cr set aside to fuel local startup ecosystem
Inc42
·
1y ago
Medial
The Kerala government has allocated a budget of INR 90.52 Cr ($12.5 million) for the Kerala Startup Mission to support and promote startups in the state. The funds will be used for the establishment of a Technology Innovation Zone, youth entrepreneurship development programs, and the acceleration of startup investments through the Fund of Funds scheme. The government aims to provide support to local retailers to overcome the challenges posed by ecommerce giants by forming groups and providing them with technology assistance.
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