Bangaluru: Villgro, India’s oldest and foremost social enterprise incubator, today announced its 2019 investees for iPitch. This year, iPitch has facilitated funding of over Rs 4 crore for innovative start-ups across the Agribusiness, Health, and Renewable Energy domains.
Villgro India was the lead investor for start-ups in the health sector. It focused on tech-backed assistive technologies that can provide freedom to individuals with disabilities. BeAble Health, a manufacturer of rehabilitation and medical devices received INR 25,00,000. Flexmotiv Technologies, which creates anti-slip, all-terrain crutches, received INR 25,00,000 as well.
Speaking on the funding, Paul Basil, Founder and CEO, Villgro, said, “The amount of funding offered to these disruptive early stage start-ups through iPitch is truly a cause for celebration. We need more such start-ups that solve real problems and hold the potential to truly revolutionize the start-up landscape of the country. On our part, we will continue to empower such paradigm-shifting start-ups with funding, mentoring, go-to-market strategies and much more in order to steer them towards resounding success.”
As always, the iPitch investees were announced at Villgro’s annual Unconvention conference – one of India’s largest gatherings of leading social entrepreneurs, CSR professionals, investors, policymakers, and academia, to discuss the present and future of the India social sector. The investments will truly accelerate the growth of the winning start-ups, giving a fillip to India’s fast-growing social sector.