Social enterprise incubator Villgro has invested in seven start-ups, marking its second set of funding this fiscal. This takes Villgro’s investment and incubation portfolio to 10 companies.
Kamal Kisab, Flybird Innovations, VectorDoc, SustainEarth, SkillTrain, MicroX Labs and Bempu, all early-stage companies, have secured funding in the range of Rs 10-15 lakh. All seven start-ups have prototypes of products that will be ready for the market over the next six-nine months. “Most funding will be used for finishing touches to product and take it to market,” said P R Ganapathy, chief operating officer, Villgro.
Villgro will also provide mentoring, access to relevant networks and talent to help these companies-—which are working in healthcare, energy, agriculture and education— execute and grow.