Nidhi SSS Funds Four Startups Incubated By RIIDL
August 25, 2021: Pillpouch Healthtech Pvt Ltd, Doubt Buddy Education Technology Pvt Ltd, Pocketly Infotech Pvt Ltd, and Swipe were among four startups to receive funding of Rs 2 crore from the Nidhi Seed Support System, an umbrella programme conceived and developed by the Department of Science and Technology's Innovation & Entrepreneurship division. The startups are supported by the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology, Government of India, Biotechnology Industry Research Assistance Council, Department of Biotechnology, Government of India, Maharashtra, and Research Innovation Incubation Design Laboratories (riidl), a not-for-profit organisation under the Somaiya Trust. Seed investment is provided by Nidhi SSS to talented and innovative enterprises. Its goal is to close the funding gap that technology-driven startups encounter in their early stages.
From edtech to fintech, these firms illuminate how riidl is assisting in the acceleration and support of startups in the face of the pandemic.
MicroDegree (Pillpouch Healthtech Pvt. Ltd.) intends to empower non-metro local technological talent with on-demand IT skills in Vernacular languages, allowing them to connect with the proper career prospects at affordable pricing. They were founded in 2019 and have over 10,000 active members on their platform.
Doubt Buddy (Doubt Buddy Education Technology Pvt. Ltd.) is a 24-hour-a-day, seven-day-a-week doubt-resolution platform where students from various courses and subjects can get individualised answers to their questions. It also covers all disciplines, including those covered by JEE and NCERT, and offers tips and techniques for competitive exams like IIT, NIT, IIIT, DTU, DU, and AIIMS. They provide students with a hybrid model that allows them to address their doubts in the way that they prefer, such as receiving a fast solution or chatting with the top teachers via chat, audio, and other means.
Pocketly Infotech Pvt. Ltd. is a microlending platform for students in college. It offers its users a credit line ranging from Rs 500 to Rs 10,000 and works to improve kids' credit scores so that they can get credit in college. To date, they have 400k+ downloads, over 5000 universities in India, loans of Rs 40 crore given, and a user retention rate of 75% month over month.
Swipe is an easy-to-use billing and accounting programme for Indian small enterprises. They make it simple for small businesses to send invoices to their clients over WhatsApp. Swipe allows businesses to send a WhatsApp message to their consumers with a link that allows them to pay instantaneously using a variety of payment options. The majority of India's 75 million SMEs still use manual systems to track sales, purchases, and payments. This is a time-consuming and inefficient procedure.
“Most businesses struggle to secure angel or seed investment at the early stage, and this fund from NIDHI SSS is like a blessing for entrepreneurs in the ecosystem. We, at riidl, assisted four companies with a NIDHI Seed Support grant from the Department of Science and Technology of India, as well as business mentoring, technical mentoring, early customer access support, virtual incubation, networking and outreach opportunities, and more. We are pleased of all the startups that have reached new heights and have received investment to help them grow even further,” said Gaurang Shetty, Chief Innovation Catalyst, riidl.
Dr Anita Gupta, Scientist G / Adviser & Head (Innovation & Entrepreneurship), Department of Science and Technology (DST), Government of India, has been essential in assisting our incubator riidl in the development of numerous programs, including the NIDHI Seed Support System.”
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Student Forum
Answered 4 months ago
Yes, in case a student wishes to withdraw BDes admission from Somaiya School of Design, supported by Riidl, he/she is entitled to a fee refund. The institute is affiliated with Somaiya Vidyavihar University and thus follows the refund policy set by it. Check out the below table to know the amount of
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Contributor-Level 10
Answered 4 months ago
Yes, fees is one of the important factors that should be taken into account when comparing the BDes course offered by Somaiya School of Design with other similar institutes/colleges. Drawing a comparison based on fees helps students calculate the affordability of a programme. The lower the fees, the
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Answered 4 months ago
Candidates seeking admission to the BDes course offered by Somaiya School of Design, supported by Riidl must meet the course-specific eligibility requirements. As per the admission brochure 2025, students who have completed Class 12 from any recognised board with a minimum of 50% aggregate marks are
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Answered 4 months ago
The Somaiya School of Design, supported by Riidl BDes course fees is calculated by adding multiple fee elements essential to be paid by the students to complete the course. As per the fee structure, students must pay two major components: tuition fees and a one-time fee. Upon adding all, the total f
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Answered 4 months ago
Yes, students can apply online for BDes admissions at Somaiya School of Design, supported by Riidl. The application form can be submitted via the institute's online application portal. Check below for the steps to apply:
1. Visit the official website of the institute and click on the 'Apply Now' butt
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Am I entitled to a fee refund if I wish to withdraw my BDes admission from Somaiya School of Design, supported by Riidl?