IIM Udaipur incubation center funds alumni’s D2C Start-up 'CURRYiT'

Under this funding initiative, IIM Udaipur along with its incubation center will extend its wide network (through alumni & industry relations) for business and continuous mentorship including from the esteemed professors, to the founding team.

Indian Institute of Management Udaipur has announced revolutionary alumni-startup funding under its Incubation Center. According to the information provided by the institute, CURRYiT has emerged as one of the start-ups to be backed by IIM Udaipur Incubation Centre and also the one with both founders from IIMU (Richa Sharma (PGP12-14) and Nischal Kandula (PGP13-15). CURRYiT is India’s first fresh ready to cook curry pastes brand made with Ghee. Leading D2C investor RPSG Capital Ventures and few other angel investors have also invested in CURRYiT.

Under this funding initiative, IIM Udaipur along with its incubation center will extend its wide network (through alumni & industry relations) for business and continuous mentorship including from the esteemed professors, to the founding team. The company will be utilizing the funds towards expanding its product portfolio, enhancing operations and growing its presence across more cities in India.

Commenting on the announcement, Kannan Soundararajan, CEO, Incubation Centre, IIM Udaipur, said, "It is indeed a moment of celebration and welcoming move by IIM Udaipur’s Incubation Center of funding a startup whose foundation was laid in the very grounds of IIM Udaipur by the co-founders. I congratulate the entire team of CURRYiT and wish them a fulfilling entrepreneurial journey.”

Talking about the institute’s contribution in giving a platform to emerging businesses, Professor Janat Shah, Director, IIM Udaipur, said, “Alumni are a crucial pillar, and their accomplishment is vital for the institute's journey. I want to express my heartiest congratulations to the entire team of CURRYiT and wish them all the very best in achieving new milestones in their entrepreneurial journey. I am also grateful to IIMU's Incubation Center for their financial support to make your dream a reality."

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