From UGRO Capital disbursing quick loans throughout the festive season to how Springwel Mattresses goals to turn into a digital-first model, YourStory brings immediately’s headlines that spotlight vital developments throughout industries.
Featured tales
UGRO doubles disbursals because it shifts to quick loans for festive season rush
Non-banking monetary firm UGRO Capital Ltd has ramped up short-term lending to assist India’s small companies fill up for the nation’s greatest buying season.
The Mumbai-based firm has reallocated origination capability from long-tenure secured loans to fast-turnaround digital merchandise. Within the lead as much as Diwali, it has doubled month-to-month disbursements on its service provider platform to about Rs 300 crore from Rs 150 crore in a typical month.
Founder Shachindra Nath says September marked near-record disbursements as consumption resilience and GST cuts fuelled demand amongst India’s small companies. Learn extra.
These student-founded initiatives are reshaping social influence in India
Throughout campuses in India, younger persons are reimagining what civic engagement appears like. A 2024 examine, titled ‘Empowering Youth for Social Change: The Function of Social Entrepreneurship Training’, highlights how student-led initiatives are more and more combining empathy with enterprise to resolve native issues via sustainability, innovation, and inclusion.
This shift has given rise to a technology of student-founded organisations that mix activism, growth, and group constructing. What started as weekend initiatives in hostel rooms has grown into NGOs shaping lives throughout states—working to enhance schooling, meals restoration, clear water, and healthcare entry. Learn extra.
Springwel Mattresses balances legacy, innovation because it transforms right into a digital-first model
Based in 1996, Springwel is without doubt one of the pioneers of spring mattresses in India. Through the years, the corporate has constructed a status for high quality and materials science innovation. Because it gears up for its subsequent progress section, it’s targeted on digital integration and ecommerce growth.
The corporate has expanded its vary to incorporate foam, coir, and latex mattresses, designed with superior supplies and layered development to enhance airflow, relieve stress factors, and help correct spinal alignment for higher sleep, says Mayank Jha, CEO and Head – Digital Transformation at Springwel Mattresses. Learn extra.
.thumbnailWrapper{
width:6.62rem !vital;
}
.alsoReadTitleImage{
min-width: 81px !vital;
min-height: 81px !vital;
}
.alsoReadMainTitleText{
font-size: 14px !vital;
line-height: 20px !vital;
}
.alsoReadHeadText{
font-size: 24px !vital;
line-height: 20px !vital;
}
}
Funding information
HooLiv raises Rs 24 Cr from Negen Capital to broaden scholar housing community
Scholar co-living and housing platform HooLiv has raised Rs 24 crore in a pre-Collection A spherical led by Negen Capital, with participation from institutional and angel buyers and household workplaces.
The startup will use the funding to broaden HooLiv’s presence in non-metro cities via mattress acquisitions, brand-building initiatives, and additional growth of its proprietary property administration platform. It additionally plans to discover worldwide replication of its mannequin.
Based by Chinmoy Mishra, Rasmi Mishra, Gaurav Vij, and Abhishek Verma, HooLiv supplies purpose-built, professionally managed lodging for college students in increased schooling and training ecosystems.
Dashamlabs raises seed funding from Speciale Make investments, IIMA Ventures
Deeptech supplies startup Dashamlabs raised an undisclosed seed funding spherical from Speciale Make investments and IIMA Ventures to commercialise its silica aerogel insulation know-how for industrial, mobility, and infrastructure purposes.
Dashamlabs is constructing India’s first industrial platform for superior aerogel-based insulation. It goals to scale manufacturing of versatile silica aerogel sheets designed for top efficiency, providing ultra-low thermal conductivity, fireplace resistance, and temperature stability starting from -150°C to 1000°C.
“With this funding, we intention to make energy-efficient supplies accessible throughout industries by scaling superior aerogels from India,” mentioned Ankit Jhanwar, Co-founder and CEO of Dashamlabs.
Based by Jhanwar, Apoorv Balwani, and Devakar Dhingra, the corporate has a know-how partnership with ARCI, with Neha Hebalkar from ARCI becoming a member of as inventor co-founder and scientific advisor.
With the recent funding, Dashamlabs plans to broaden R&D and manufacturing capability, construct pilot techniques, and collaborate with companions throughout oil and fuel, EVs, defence, and development sectors to validate and scale its merchandise.
(This text will likely be up to date with the newest information all through the day.)
Edited by Suman Singh
Elevate your perspective with NextTech Information, the place innovation meets perception.
Uncover the newest breakthroughs, get unique updates, and join with a world community of future-focused thinkers.
Unlock tomorrow’s developments immediately: learn extra, subscribe to our publication, and turn into a part of the NextTech group at NextTech-news.com
