Aspiring Unicorns Get A Leg Up From Firms In India’s Budding Startup Ecosystem

Two years ago, Vikas Sethia, co-founder of distribution logistics platform Udaan Logisure, conceived of a petroleum transportation service in collaboration with Reliance Petroleum, a unit of Reliance Industries Ltd (RIL). What took shape was the outcome of the 2017 summer cohort of JioGenNext, a startup accelerator backed by RIL.

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Not only did RIL guide Logisure by alerting them to all the “logistics challenges they face” but it “also made us a part of their initiatives to optimize their logistics”, said Sethia.
JioGenNext has mentored 131 startups including Udaan Logisure in agritech, digital consumer services, edtech, fintech, healthtech, fitness, and retail with more than $60 million of funding raised.

Source: livemint

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