Dubai Expo-J&K Dubai Expo 2021: Kashmir startups impress global investors
Dubai/IBNS: Five startups from the Kashmir province participated in the event during which the Jammu and Kashmir government sealed several investment deals with Dubai-based companies.
Start-ups from Kashmir that showcased their prowess at Elevate-V of Dubai Expo included FastBeetle, a tech-driven logistics services solution enabling last mile delivery, and Efruitmandi, a B2B farm produce marketplace.
Kashmir Trout, a trout procurement platform, working towards procuring fresh trout to process, store, and deliver to customers, and Sky Robo Drones, which uses hexacopter drones to help people caught in disasters, were the other two.
CEO of Sky Robo Drones Habib-ullah Malik said: “Government has selected five top startups from Kashmir and five from Jammu to be part of the business delegation to visit Dubai.
"It is a golden opportunity for startups like us to get such a big platform.”
FastBeetle Logistics, a Srinagar-based tech startup, raised $1,00,000 funding from investors at the Expo.
Co-Founder of FastBeetle Abid Rashid said: “It is a good step which would boost the confidence of startups and also enable them to gain knowledge.”
The tech enterprise raised funds in a Pre-Series A round of USD100k from angel investors like Nepra's Sandeep Patel, and Saurabh Mittal - Entrepreneurship Evangelist in the Himalayan region.
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