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ET Startup Awards 2023: Nominees for Social Enterprise

ETtech

Synopsis

With this category, we intend to recognise the startup that best embodies the ‘double bottomline’ model, one that combines profits with the public good.

With this category, we intend to recognise the startup that best embodies the ‘double bottomline’ model, one that combines profits with the public good.

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Company Name: Bioprime Agrisolutions

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(from left) Bioprime team - Amit Shinde, Renuka Diwan, Shekhar Bhonsle

Founded in: 2016

Founders: Renuka Diwan, Amit Shinde, Shekhar Bhonsle

Based in: Pune

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Key Investors: Niti Aayog, Venture Centre, Biotechnology Industry Research Assistance Council (BIRAC), Omnivore, Inflexor Venture

What it does: Bioprime is a biotech startup that develops biologicals using small trigger molecules that can metabolically reprogramme plants to make them climate resilient, reduce their carbon footprint, restore soil health and give better yields.

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Company Name: GramCover

Gramcover founder Jatin Singh

Founded in: 2016
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Founders: Jatin Singh, Dhyanesh Bhatt

Based in: Noida

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Key Investors: Inflexor Ventures, Stride Ventures, Flourish Ventures, Omidyar Network India, Omnivore

What it does: GramCover promotes insurance services to the rural community in India. The company claims to have sold over 8.4 million insurance policies to over 5 million Indian farmers through its platform since inception, and has a customer presence across 16 states.

Company Name: Vidyakul

(From left) Vidyakul cofounders Tarun Saini, Raman Garg

Founded in: 2017

Founders: Tarun Saini, Raman Garg

Based in: Gurugram

Key Investors: JITO Angel Network, WFC, Indorama and Nadathur family office, Dholakia Ventures, Veena Munganahalli, Arun Tyagi

What it does: Vidyakul is a vernacular edtech platform catering to students from tier 2 and tier 3 cities and towns in local languages, at affordable prices. Nearly half the students are girls. Vidyakul has also built Vidya Mitra AI, a Hindi-language AI bot aimed at clearing students’ doubts.

Company Name: FIA Global

FIA Global Seema Sudha Prem

Founded in: 2012

Founders: Seema Sudha Prem

Based in: Gurugram

Key Investors: NA

What it does: FIA Global is an impact fintech company that provides technology-enabled last-mile delivery of banking services to under-served communities in India. It also enables migrant remittances to Nepal. Since its inception in 2012, FIA has served 75 million clients.
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