New Delhi, Nov 9 (PTI) Start-ups with waterless bathproducts, dairy and cholesterol-free ice-cream and potholestracking technology are among the four Indian firms selectedby US incubator Nexus for nurturing and scaling up theirbusiness.
"We have selected four Indian start-ups for incubation--CleanLife, White Cub, RoadBounce and VCP. We will now workwith them to provide them resources they need to scale uptheir business.
"For some it may be funds or technology development orcustomer acquisition. Nexus will assist them as per theirneed," Nexus Director Erik Azulay said after announcingselection of the firms.
CleanLife, a start-up run by a team of IIT and IIMalumni, has developed body wash and shampoo that can providewaterless bathing and save water. The company is looking forinvestments to scale up its operations.
"We have sold our product to Army, hospitals. We are intalks with various security agencies and mariners for thisproduct. 1 bottle of 100 millilitres can be used for 5 timesbath and body can be wiped with a towel. It removes dirt,dust, oil, and odor," CleanLife Founder and CEO Puneet Guptasaid.
White Cub, which has developed ice-cream free fromcholesterol, transfat, sugar, gluten and dairy, is looking toraise fund for building team and procuring high-endrefrigeration equipment.
"We are not very desperate for funds. If a suitableopportunity comes from a strategic investor we will explore.
At present we are selling our product through 55 retailpartners including Godrej Nature's Basket," White Cub CEOSonal said.
She said the company's business has grown from Rs 25lakh in 2015-16 to Rs 40 lakh in 2016-17 and expects currentfiscal to close with sales of around Rs 75 lakh.
Nexus has selected Roadbounce for its technology to mappotholes using smartphone-based sensors in short time. Thecompany has mapped potholes on 25,000 kilometre roads in twomonths.
VCP, which creates business problem cases for recruitmenttests, also found a place among the firms selected by Nexus.
A start-up Distinct Horizon presented its agriculturesolution claiming to double margins of rice and sugarcanefarmers by reducing their crop production cost and increasingyield by about 25 per cent. PTI PRSABM.
This is unedited, unformatted feed from the Press Trust of India wire.