Bits and Bytes: Know about startups and business news in Pune

Swedish Ambassador for Sustainable Business visits Pune

Swedish Ambassador for Sustainable Business (also known as CSR Ambassador) Cecilia Ekholm was visiting Pune, Mumbai and Delhi to further enhance synergies between Sweden and India towards a sustainable future . In Pune, the focus was on bringing together Swedish manufacturing companies to understand the challenges they face and to discuss their green journey towards sustainable business. Ekholm also met with Pimpri Chinchwad Municipal Corporation (PCMC) Commissioner Shekhar Singh.

Ekholm said: “India is a key partner so I came here for my first bilateral visit since the pandemic. I had the opportunity to meet policy makers, businesses, civil society and students to discuss different sustainability issues such as climate change solutions, business and human rights, gender equality gender and labor rights.

Consul General Anna Lekvall explained, “Ambassador Ekholm’s visit to India is part of the broader context of joint Indo-Swedish collaboration for a sustainable future. The partnership aims to increase the impact of bilateral cooperation in the fields of innovation, science and technology and covers several areas, including smart cities, transport and eMobility, energy, technologies technologies, new materials, space, the circular and biobased economy, as well as health and life sciences. ”

LoanTap Launches “LTCash” Instant Personal Loan App

LoanTap has announced the launch of a new instant personal loan application product called “LTCash” which offers up to Rs. 50,000 in cash without any manual intervention in the loan application and underwriting process and in most cases without the need to submit documents. LTCash adheres to fair lending procedures as per Reserve Bank of India standards and is one of the NBFCs to use RBI approved account aggregators to facilitate a safe and transparent process for credit eligibility verification from the customer.

Satyam Kumar said, “Using an RBI-licensed NBFC account aggregator in the LT-Cash application to improve the whole process is a big step towards lending efficiency and improving experience in applying for borrowers. It offers a complete online loan procedure in less than 10 minutes to provide a smooth experience for customers. Unique algorithms analyze each customer’s profile faster and offer them the best offers in three simple steps. Benefits of this app include fast cash up to 50,000, interest rates of 24% per annum, term of 6 months, payments made in less than 24 hours and no document upload is required, a 100% digital procedure with a minimum income of 30,000.

LTCash provides loan services through in-house LoanTap registered with RBI NBFC LoanTap Credit Products Private Limited. Currently this app is operational in Pune, Mumbai, Bangalore, Chennai, Delhi NCR, Chandigarh, Raipur, Bhopal, Ahmedabad, Vadodara, Jaipur, Coimbatore, Indore, Nagpur, Nashik, Lucknow, Bhubaneshwar, Rajkot, Surat, Patna, Mysore, and Vishakhapatnam.

WayCool Foods and UHS-B Collaborate to Digitize Crop Productivity Practices

Food and agri-tech platform WayCool Foods has entered into a collaborative partnership with Bagalkot University of Horticultural Sciences (UHS-B) to raise awareness and help farmers implement a set of practices (POPs). The MoU will bring together a rich repository of over 125 crop-specific PoPs under one platform – Outgrow App, making it easier for farmers to access information at their fingertips.

The partnership also aims to nurture the future talent pool of the agricultural sector by providing internship opportunities. As part of the MoU, students will also be offered training and certification programs for Outgrow Crop Advisors and Outgrow Network Partners.

Sendhil Kumar, Head of External Growth and Farmer Engagement, Waycool said, “Through this collaboration, we want to bring our technological edge and make information accessible to farmers at the touch of a button. Our AI-powered engagement platform has the existing technology infrastructure and we want to enhance it even further with the addition of this PoP scanning.

The MoU also establishes the scope for the installation of Outgrow’s AI-based weather stations in the UHS-B Orchard as part of the National Agricultural Higher Education Program where research and collaborative training will be conducted.

The Yellow Dwelling launches store at Jangli Maharaj Road

The Yellow Dwelling has launched a new store located at Deccan 99 Mall on Jangli Maharaj Road. The store is approximately 1,000 square feet in size and offers home product customization. The Yellow Dwelling specializes in handcrafted cotton and natural fiber home decor in modern designs, fresh, neat and cheerful colors, paramount weaves and finishes.

The Yellow Dwelling has stores in Delhi, Hyderabad and a few in Garden City. Nandakumar, co-founder of The Yellow Dwelling, said, “We are thrilled to bring our third franchise store to Pune. The store is in the heart of Pune on JM Road and easily accessible from all parts of the city. Pune as a city is home to many niche brands that proudly showcase a wide range of handcrafted products. With a large population of modern urban youth, we are sure that our store will find a place in the homes of people in Pune. »

AIC-Pinnacle plans to incubate 40 new “Bharat” startups

The incubation and investment platform Atal Incubation Centre-Pinnacle Entrepreneurship Forum (AIC-Pinnacle) has announced its intention to incubate 40 new startups from Tier 2 and Tier 3 cities that are ready to solve societal problems base of ‘Bharat’ – where 70 percent of India resides. The incubator also seeks to facilitate 5 crore to start-ups over the next three years in the fields of automotive, electric vehicles, agritech, IT/IoT/AI, clean energy, health technologies, social innovation and other emerging fields.

The AIC-Pinnacle Entrepreneurship Forum prepares, guides, sponsors, connects and supports innovative and potential young start-ups. Sudhir Mehta, Founder of AIC-Pinnacle Entrepreneurship Forum, pointed out, “Young people in Tier 2 and Tier 3 cities have enormous potential, talent and futuristic vision. They deeply understand the basic societal issues of “Bharat” and have the ability to come up with innovative and scalable business ideas and solutions that greatly contribute to the idea of ​​nation building. We look forward to onboarding 40 new potential start-ups, which we will support under various government-supported programs such as Atal Incubation Mission – AIC, MeitY, TIDE 2.0, MSME Innovative, SISFS, etc. to jointly establish a solution-oriented economy.”

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NB This English text is an unofficial translation of the Swedish original of the invitation …