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Last month, 40 proposals worth Rs. 5,000 crore were received by the ministry of electronics and IT under the IT Hardware Production Linked Incentive (PLI) 2.0 scheme, although fixed benefit limits mean not all offers will be eligible for the federal monetary support.
Starting off with two popup kiosks in New Delhi, Narang has scaled Heads Up for Tails to a Rs 200-crore annual turnover brand, operating over 80 stores across the country.
Founded in 2018 by Lovely Professional University students Anirudh Sharma (CEO) and Rahul Rawat (COO), who teamed up with aerospace engineer Tanveer Ahmed (CTO), Digantara started with the goal of creating a sustainable space environment using patented technology.
The eleven-member jury chose the B2B venture, which is currently valued at about nearly $5 billion, over eyewear retailer Lenskart in a closely fought contest that included detailed discussions on the relative merits of both companies.
The B2B ecommerce firm OfBusiness bags top prize; Nexus Venture Partners MD Jishnu Bhattacharjee wins Midas Touch award.