We are back with the 11th edition of The Economic Times Startup Awards. As we approach the main event, here are the nominees in one of the eight categories: Social Enterprise.
With this category, we intend to recognise the startup that best embodies the ‘double bottomline’ model, one that combines profits with the public good.
Here are the nominees:
Company name: Padcare Labs
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Ajinkya Dhariya
Founded in: 2018
Founders: Ajinkya Dhariya
Based in: Pune
Key investors: Rainmatter, Social Alpha, Lavni Ventures
What it does: This menstrual waste startup collects sanitary pads from corporate offices across the country and processes them in a way that used pads do not get dumped in landfills. They get recycled to make plastic decorative plants and paper pulp.
Company name: Bintix Waste Research
ETtech
Roshan Miranda
Founded in: 2018
Founder: Roshan Miranda and Jayanarayan K
Based in: Hyderabad
Key investors: Upaya Social Ventures, Kamaljyot Investments, Srichakra Polyplast
What it does: Bintix collects dry waste from households through QR-coded bags and analyses information from the waste collected to build intelligence regarding consumption trends in certain localities and areas. The data gets sold to large FMCG firms, and the waste gets disposed of through sustainable means.
Company name: Digivriddhi
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Ragavan Venkatesan
Founded in: 2019
Founders: Ragavan Venkatesan
Based in: Mumbai
Key investors: Indigram Labs, IIMA Ventures and Social Alpha
What it does: DGV operates a fintech platform for dairy farmers, offering services like credit and insurance. The startup taps into milk collection data to underwrite farmers and offer loans much faster than traditional lenders.
Company name: Chakr Innovation
ETtech
Kushagra Srivastava
Founded in: 2016
Founders: Kushagra Srivastava
Based in: Gurugram
Key investors: SBI Cap, India Angel Network and ONGC
What it does: Chakr Innovation has built a retrofitted catalyst technology which can oxidise harmful chemicals released by diesel generators, thereby reducing air pollution.
Company name: CureBay
ETtech
(L-R) Shobhan Mahapatra, Priyadarshi Mohapatra and Sanjay Swain
Founded in: 2021
Founder: Priyadarshi Mohapatra, Shobhan Mahapatra and Sanjay Swain
Based in: Bhubaneshwar
Key investors: Elevar Equity, British International Investments and Bertelsmann India Investments
What it does: The company operates a network of rural clinics that offer primary healthcare services to rural Indians. The startup connects these centres to doctors who are based in urban centres via video conferencing.