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Meet the startups that are giving wings to India’s private space dreams
Global IndianstoryMeet the startups that are giving wings to India’s private space dreams
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Meet the startups that are giving wings to India’s private space dreams

Written by: Global Indian

They dare to go where others only dream of. Launching a startup is no mean feat; more so when it is a space tech startup, which was until recently, a little-known industry. From dealing with investors who largely wanted to educate themselves on the subject rather than actually invest, to finding the right vendors and clients, India’s space tech startups have had to do quite a bit of leg work to make inroads into the sector. The fact that the government opened up space tech to the private sector in June last year has definitely come as a shot in the arm for these entrepreneurs who are aiming for the sky and beyond.

According to research by Seraphim Capital, in the first quarter of 2021, the overall venture capital investment in the global space tech sector was $2.7 billion compared to the $1.6 billion during the same period last year. In India too space tech startups have raised nearly $31 million in funding in 2021, according to a report in YourStory. This is a 70% increase from the $18.2 million raised by the sector in 2020.

With some of these startups ready to launch their projects as early as next year, Global Indian takes a look at their journeys.

Pixxel

Meet the startups that are giving wings to India’s private space dreams

Khsitij Khandelwal and Awais Ahmed

Launched in 2019 by BITS Pilani alumni Kshitij Khandelwal and Awais Ahmed, Pixxel is an Indian space tech startup that aims to put a constellation of 30 micro-satellites into a sun-synchronous orbit. The constellation will comprise of earth imaging satellites to provide global coverage at a revisit of every 24 hours once it is fully deployed. Data and insights collected from these are meant to help organizations detect, monitor, and predict global phenomena in the fields of agriculture, oil and gas, climate change, forestry, and urban planning. Pixxel’s satellite from this constellation is set to be launched on a PSLV rocket. It was Asia’s only space startup to qualify for the 2019 Techstars Starburst Space Accelerator in Los Angeles.

Pixxel operates on a subscription-based SaaS model where clients will be billed for purchasing data. In August 2020, the Bengaluru-based company raised $5 million in seed funding led by Blume Ventures, growX Ventures, and Lightspeed Ventures. In March this year, it raised $7.3 million from Techstars, Omnivore VC, and others.

Agnikul Cosmos

Meet the startups that are giving wings to India’s private space dreams

Srinath Ravichandran and Moin SPM

Agnikul Cosmos was the first in the world to test fire an entirely 3D printed rocket engine, Agnilet. The space tech startup that is incubated in IIT Madras was launched in 2017 by Srinath Ravichandran and Moin SPM. They are backed by Professor Satya Chakravarty, a rocket scientist and head of National Centre for Combustion Research and Development (NCCRD) and RV Perumal, former ISRO scientist and the man behind the PSLV launches.

While the company was completely bootstrapped to begin with, they got their first break when they got seed funding of $500,000 from Speciale Invest. By February 2020 they got more investors on board and raised $3.5 million in pre-series A funding and by May this year they had raised $11 million in series A funding led by Mayfield India. The space tech startup also counts angel investors such as Anand Mahindra, Naval Ravikant, Balaji Srinivasan, and Nithin Kamath as its backers.

Agnikul has signed an NDA with the Department of Space to obtain the government’s technological assistance in the development of launch vehicles and counts pharma companies, telecom companies, and researchers experimenting with micro-gravity, as clients. In an interview with Global Indian, Srinath said, “We are essentially a cab ride for these people. We help them take their payload up to space. India is now being taken seriously for its private space tech and the industry is changing as we speak.”

Skyroot Aerospace

Meet the startups that are giving wings to India’s private space dreams

Naga Bharath Daka and Pawan Kumar Chandana

Hyderabad-based Skyroot Aerospace was founded in 2018 by former ISRO scientist Pawan Kumar Chandana and Naga Bharath Daka. The company is building technologies for responsive, reliable and economic access to space and envisions a future where spaceflight is as reliable and affordable as a regular air flight. Skyroot is the second space tech startup after Agnikul Cosmos to receive help from ISRO in terms of testing facilities and technical knowhow for their launch vehicles. The company is developing a highly efficient LNG/LOX cryogenic liquid engine in order to use greener rocket fuel.

In 2020, Skyroot received the National Startups Award in the space category. Earlier this year, the startup raised $11 million in its series A funding that was led by Greenko Group founder Anil Kumar Chalamalasetty and Mahesh Kolli. Some of their other investors include WhatsApp’s Neeraj Arora, CureFit’s Mukesh Bansal, Graph Ventures, and Worldquant Ventures. The funding will be used for Skyroot’s rocket program and to get their first launch vehicle Vikram-1 off the ground. The founders are now looking to raise $40 million over the next few years to fund their aggressive growth plans over the next few years.

Bellatrix Aerospace

Meet the startups that are giving wings to India’s private space dreams

Yashas Kharanam and Rohan M Ganapathy

Bengaluru-based Bellatrix Aerospace, which is incubated at the Indian Institute of Science (IISC), was founded in 2015 by Yashas Kharanam and Rohan M Ganapathy. Specializing in electronic propulsion systems, rocket engines and launch vehicles, the space tech startup successfully tested the country’s first privately built Hall Thruster, an electronic propulsion system that is ideal for micro-satellites. It had earlier developed – and bagged an order from ISRO – for the world’s first commercial Microwave Plasma Thruster which uses water as fuel.

In 2019, Bellatrix raised $3 million in a pre-series A round led by IDFC-Parampara, StartupXseed, and Karsemven Fund among others. Earlier this year, the company announced that it would partner with Skyroot Aerospace. Plans are afoot to launch Chetak, their own rocket, by 2023; the two-stage rocket is powered by their own Aeon engines and will use liquid methane as fuel.

Dhruva Space

Meet the startups that are giving wings to India’s private space dreams

Sanjay Nekkanti

Headquartered in Hyderabad, Dhruva Space was founded in 2012 by Sanjay Nekkanti and is engaged in developing small satellites for the commercial, government and academic markets. It has worked with companies such as Exseed Space, Cisco, and KPMG.

In 2019, the startup had raised $673,000 in a round of angel funding by Mumbai Angels Network; the investment was led by Ravikanth Reddy of Hotcrete. The space tech startup provides end-to-end solutions such as building small satellites, ground sensors as well as launching them and monitoring them. The company is working with ISRO and the European Space Agency (ESA) and has been awarded $59,000 by the latter.

 

  • RELATED READ: Agnikul Cosmos built the world’s first 3D printed rocket
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  • Agnikul Cosmos
  • Anand Mahindra
  • Awais Ahmed
  • Balaji Srinivasan
  • Bellatrix Aerospace
  • BITS Pilani
  • Blume Ventures
  • CureFit’s Mukesh Bansal
  • Dhruva Space
  • European Space Agency (ESA)
  • Global Indians
  • Graph Ventures
  • Greenko Group
  • growX Ventures
  • Hyderabad
  • IDFC-Parampara
  • IISC
  • IIT Madras
  • ISRO
  • Karsemven Fund
  • Kshitik Khandelwal
  • Lightspeed Ventures
  • Made in India
  • Mayfield India
  • Moin SPM
  • Mumbai Angels Network
  • Naga Bharath Daka
  • National Centre for Combustion Research and Development (NCCRD)
  • National Startups Award
  • Naval Ravikant
  • Nithin Kamath
  • Omnivore VC
  • Pawan Kumar Chandana
  • Pixxel
  • Prof Satya Chakravarty
  • PSLV rocket
  • Rohan M Ganapathy
  • RV Perumal
  • SaaS
  • Sanjay Nekkanti
  • Skyroot Aerospace
  • Srinath Ravichandran
  • StartupXseed
  • Techstars
  • Techstars Starburst Space Accelerator
  • WhatsApp’s Neeraj Arora
  • Worldquant Ventures
  • Yashas Kharanam

Published on 25, Jun 2021

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Story
Meet India’s unicorn wizard: Naveen Tewari the entrepreneur with the Midas touch

(October 1, 2021) The pandemic hit several enterprises hard. Jobs were lost and revenues took a hit. But India’s digital startups space managed to surge ahead on steady steam. Investments poured in and several of them went on to become unicorns and set new records. One among them was Glance, a subsidiary of InMobi that was founded by Naveen Tewari. The entrepreneur is one of the few in the industry who manages to attract investors time and again regardless of the business he launches. Right since he launched InMobi, a mobile advertising platform, in 2007, to Glance, which he launched in 2019: both are unicorns.   That Tewari works magic in the startup space is evident from the fact that InMobi was India’s first unicorn – a startup valued at $1 billion. His business acumen and penchant for identifying areas with great opportunity have also led him to being recognized across the globe. From receiving the Future Leaders Award from Prime Minister Narendra Modi, being listed in Fortune’s 40 Under 40 list in 2015, receiving the Forbes India Leadership Award for Outstanding Start Up in 2014, to being ranked in the global 100 Most Creative People list in 2014, Tewari has come a long way since his Kanpur days.   [embed]https://twitter.com/NaveenTewari/status/1436326220690378756?s=20[/embed] Back to basics  Born and

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i, being listed in Fortune’s 40 Under 40 list in 2015, receiving the Forbes India Leadership Award for Outstanding Start Up in 2014, to being ranked in the global 100 Most Creative People list in 2014, Tewari has come a long way since his Kanpur days.  

[embed]https://twitter.com/NaveenTewari/status/1436326220690378756?s=20[/embed]

Back to basics 

Born and brought up in Kanpur in a family of academics – his grandmother and father are former IIT-Kanpur professors, his aunt earned a doctorate from the same college – Tewari did his schooling from Kendriya Vidyalaya before graduating from IIT-Kanpur with a degree in Mechanical Engineering in 2000.  It was here that he met Amit Gupta and Abhay Singhal, with whom he’d later found InMobi. 

He bagged his first job with the prestigious consulting firm McKinsey where he worked for three years until 2003. He then moved to the US to do his MBA from Harvard Business School where he bagged the Dean’s Award for exceptional leadership and contribution. During his time at Harvard, he founded (and continues to chair) a US-based non-profit called India Schoolhouse Fund, which funds and sets up schools in rural India.  

[caption id="attachment_12023" align="aligncenter" width="1600"]Indian entrepreneur Naveen Tewari Naveen Tewari with Satya Nadella[/caption]

On an entrepreneurial path 

After he graduated from Harvard, Tewari experimented with various things: startups and venture capital, but they all came to naught. It was finally in 2007 that he set up InMobi along with Gupta, Singhal and Mohit Saxena. As the four embarked on their entrepreneurial journey in Mumbai, they shared an apartment together. Their first business mKhoj, an SMS search engine, failed miserably. But refusing to accept defeat, Tewari and the boys pivoted their business to a mobile advertising company and InMobi was born.  

The adtech platform clicked, the company moved to Bengaluru and attracted investments from the likes of SoftBank, KPCB, and Sherpalo. Within three years it went on to become a unicorn – India's first.    

[caption id="attachment_12024" align="aligncenter" width="847"]Indian entrepreneur Naveen Tewari Naveen Tewari[/caption]

Tewari’s Midas Touch 

Nine years after this Global Indian launched InMobi, he was back in the game with his new venture Glance. The app uses Artificial Intelligence (AI) to create personalized content such as news, sports, entertainment, and video games in multiple languages such as English, Hindi, Tamil, and Telugu on the lock screen of Android smartphones. Launched in 2019, the app has more than 115 million active users, and the venture turned a unicorn in 2020. Speaking to Fortune about the success of Glance, Tewari said, “Glance is a splendid example of innovation solving for mobile-first and mobile-only consumption, serving content across India’s and the world’s local languages. The latest investment of $145 million from Google and Mithril Capital is a strong validation of how Glance is shaping the future of digital consumption and making digital economy accessible to all. With a scale of 115 million daily active users, who spend 25 minutes daily on the platform, Glance is clearly solving for a real need in the market, and solving it well.” 

Despite the difficult pandemic year, he said that InMobi and Glance have both had a great run due to the surge in demand for mobile content. “Our B2B business has had the best year in its history, while Glance has grown from 70 million daily active users in 2019 to more than 115 million daily active users in 2020. Roposo, which is owned by Glance, became India’s leading short-video platform in June. In fact, it the first and only Indian short video app to have crossed 100 million downloads on the Google Play Store,” he said.  

[embed]https://www.youtube.com/watch?v=RR4PaiVCANc[/embed]

Given that Glance is purely AI driven, it is proof of Tewari’s knack for spotting an opportunity. With AI-led consumer internet technology catching on in this part of the world, India’s potential to become the next digital hub after the US and China is immense. In an interview with YourStory, he said that every employee across the InMobi group has an AI-first approach. “If you’re not an AI-first thinker, you will be obsolete in less than five years,” he said. 

With an eye on the future and an ear to the ground, he has been founding and driving successful enterprises over the years. For someone who had leaned towards research and academics all through his early life, Tewari sure has cracked the code to launching successful businesses. 

  • Follow him on LinkedIn and Twitter.

Reading Time: 8 mins

Story
Knotting it right: Haresh Adnani is crafting bespoke carpets with artistic legacy

(May 29, 2024) Over the years, Haresh Adnani has skillfully woven his entrepreneurial spirit into Nodana (from the Latin word Nodus meaning knot), a bespoke carpet venture that elevates his family's three-decade legacy in home textiles by creating the most exquisite carpets. The entrepreneur has turned his carpet brand into his signature achievement while steadfastly supporting artisans in preserving their craftsmanship. To him, rug-weaving is an art form that demands precision, technique, and creative talent. The Spirit of Entrepreneurship Born in 1973, Haresh was raised in Mumbai, where he completed his schooling from Greenlawns and did his B.com from the popular HR College of Commerce. While studying, he began to intern at a garment export firm. “I have always wanted to be an entrepreneur, with a business in a different line, away from the family run company, so I started with manufacturing and exporting of garments in 1996. Bulk of my products were sold across Europe that included importers, retail chains and mail order companies,” Haresh tells Global Indian. Marketing his garments meant he had to travel extensively across Europe which he truly enjoyed as it meant getting work done and exploring, meeting, and seeing people and countries with its

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il chains and mail order companies,” Haresh tells Global Indian.

Marketing his garments meant he had to travel extensively across Europe which he truly enjoyed as it meant getting work done and exploring, meeting, and seeing people and countries with its various cultures and food. “Travelling has always fascinated me and to add to this, beautiful landscapes, natural beauty, and the richness of history across Europe made it even more worthwhile and exciting. With the family business growing quite swiftly, in the year 2002, I moved into the home textile division of the company which was also concentrated in exports,” he says.

Haresh Adnani | Global Indian

Business Mantra

Nodana is a part of Adnani Exports Ltd. which is a family owned and run company for over 35 years of manufacturing and exporting home textiles across Europe. “We have always wanted to foray into the Indian market with something special. I was always fascinated by the intricate designs and textures of carpets that I would encounter during my research trips. This felt like the right moment to materialize my wish with the concept of customised carpets. Backed with the experience and expertise of home textiles we marched right ahead in this new venture. India felt like a huge carpet ahead of me to be walked on,” he recollects.

Artisan Cues

The artisans play a crucial role in the creation of their intricate and beautiful pieces of art with many carpet weaving techniques being passed down through generations within artisan families and communities. They often draw on this rich tradition of knowledge and craftsmanship, preserving and honouring ancient techniques while also adapting to modern innovations.

 

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Carpet weaving is a highly skilled craft that requires years of training and experience to master. Artisans develop a deep understanding of weaving techniques, knotting methods, and design principles through apprenticeship and hands-on practice.

"Nodana has its manufacturing base in a small town called Bhadohi, located in Uttar Pradesh, known as the Carpet City of India. A lot of the artisans are normally contract staff and are given daily wages but at Nodana, our aim is not just based on commercial interest but also a social and emotional responsibility towards this invaluable art that's why all our weavers are on permanent payroll of the company. This helps in creating a family and oneness with the karigars which then eventually transpires in our work and designing,” he says, adding, “We recognise the legacy of this beautiful art and truly believe in it and want to take it forward and hence encourage the newer generation to be a part of this tradition. Our karigars take pride in their workmanship and strive for perfection in every aspect of the weaving process.”

Haresh Adnani | Global Indian

Making the Journey Count

Being very passionate about his work is what makes him start each day with renewed energy and hope."This is why even if I have failed, I have still picked myself up and started from scratch. Results have never defined my direction. I believe in perseverance and hard work, and then sooner or later results will fall in place. Willingness to learn each day, no matter how many years spent in this industry is what keeps me going," says Adnani. His advices potential entrepreneurs to be patient, hardworking and persistent. "Rome wasn’t built in a day and so goes with every business. Nothing comes easy. There are no shortcuts to success. So, it is important to dream and put yourself out there no matter how hard it is," he adds.

Beating Challenges

Like every business, they too have faced challenges at different times. For most, it would be financial and mental challenges but for Adnani it is emotional as well. "Being calm, collected and determined to resolve the issue at hand helps in having a clarity of thought. Sometimes, I have noticed that we try too hard to find a solution, and if we just disconnect and view the problem from a distance, it becomes easier to find the solution," says Haresh, who believes in the concept of community and working together. "You can never overcome a challenge completely on your own. Personally, I belong to the old school of thought, and I treat and respect every person working with me as family, where they also feel they are an integral part of the company and contribute to the process of resolving problems that arise."

Looking Ahead

For someone who has been fond of sports and athletics, he admits that it has stayed with him through the years and he enjoys a good game of cricket and tennis. “Travelling is also something I am very fond of, especially quiet countryside places, close to nature. All this really helps me to unwind and relax. I also love going to the theatre and catching up with friends,” says Adnani.

For his brand, he hopes to take his business to great heights but more important than that is the invaluable smile of the customer on receiving their product and giving space in their home. “I truly believe in the saying that the customer is the king. With every small step, we hope to take this legacy forward for years to come,” he signs off.

  • Follow Haresh Adnani on LinkedIn
  • Follow Nodana on Instagram
Story
Fragrance files: Meet Sapthagiri S Boggaram, the man bringing exotic sensory delights to India

Sugandh Lok is making the case for incense sticks or agarbattis by making export quality products available to an Indian audience. It is the latest venture by Sapthagiri Boggaram, director of Sarathi International Inc, one of the largest producers of incense sticks that are sold in over 40 countries worldwide. (November 12, 2023) Did you know that there are agarbattis that help you for stress relief or even meditation? At the Sugandh Lok store in Bengaluru, incense is an experience, not a mere product. Soothing spiritual music plays in the background when you enter, and an array of incense sticks are on display, with flavours ranging from the conventional to the unusual, including chocolate, green tea and pineapple. There are rooms where you can understand the process as well as get a feel of how the space feels when you light a specific kind of stick. The brainchild of Sapthagiri S Boggaram, Director, Sarathi International Inc., the store is a sensory delight but the real story lies in the product itself, and the people who make it. Transforming Tales Boggaram’s is a story of transformation, from a shy and reserved individual to a confident business leader. The Global Indian kept

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src="https://stage.globalindian.com//wp-content/uploads/2023/11/CARD-scaled.jpg" alt="Sapthagiri Boggaram | Global Indian" width="600" height="900" />

Transforming Tales

Boggaram’s is a story of transformation, from a shy and reserved individual to a confident business leader. The Global Indian kept to himself as a child, studying at The East-West School in South Bengaluru. It was at St Joseph's College that he began to break out of his shell and explore his potential. “The most significant chapter in my transformation unfolded when I decided to pursue a business degree at Monash University in Melbourne, Australia. Studying abroad was a game-changer. It exposed me to diverse cultures and perspectives, forcing me to expand my horizons and step out of my comfort zone. Interacting with a global student body broadened my worldview and pushed me beyond my limits,” Boggaram recollects.

Sapthagiri Boggaram | Global Indian After graduating from Monash, he entered the family business and soon found himself managing a sizable workforce. This transition marked the most crucial phase of his transformation from a quiet and introverted persona to an outgoing and confident leader. “I realised that I needed to actively work on my communication skills. To become a proficient communicator and leader, I engaged in various training programs, sought out mentors, and actively practiced public speaking. Over time, I learned how to articulate my ideas, motivate teams, and guide them effectively,” Boggaram says.

Family Business

Sapthagiri Boggaram is a third generation entrepreneur and his family runs Sarathi International, one of the biggest manufacturers of aggarbatis. With a 75-year-old legacy of making high-quality incense sticks, Sarathi’s market is spread out across 43 countries around the globe. Boggaram knew his future lay in the family business – 2024 will mark his 25th year and he says it has been a truly enriching experience. “The family business culture instilled a deep sense of pride and purpose in me. From my childhood, I have vivid memories of witnessing the skills, artistry, the creation of innovative products, and the joy of serving a loyal customer base. What struck me most was the knowledge that we were contributing something truly ethical and divine to society. It is this sense of purpose that motivated me to set clear goals for myself,” says Boggaram.

Sapthagiri Boggaram | Global Indian

Being an entrepreneur allows him to blend tradition with innovation, quality with sustainability, and to share their rich cultural heritage with a broader audience. “It is not just a business for me; it's a calling, a way of life that brings joy and a profound sense of purpose,” he adds. Fortunately, this stems from the fact that his family never put any kind of pressure on Boggaram to join the family business. “In fact, I was encouraged and supported from the very beginning. My father, who has been a pillar of strength in our family business, always gave me a free hand and allowed me to pursue my interests. From the day I entered the business, it was a rather open and collaborative environment. I was the one who sought his advice, and he never imposed his ideas on me or tried to control my decisions. This freedom and trust within the family made it relatively easy for me to convince them about my vision and the direction I wanted to take the business,” he reminisces.

A Ride to Remember

His journey has been a rollercoaster, marked by both exhilarating moments and daunting challenges that mostly started with his decision to initiate a venture within the family business. “Sugandh Lok reflects my values, my vision for the business, and the essence of our products. The experience has been incredibly exciting, and it has also come with its share of stress, primarily due to the steep learning curve and the uncharted territory I have ventured into,” he says. It was a steeper learning curve than he anticipated. The agarbatti industry is a “unique realm,” and Boggaram approach to it is just as distinct. “Nobody has ventured into this industry with this kind of model.” If every day brings new possibilities, there is also the challenge of navigating mostly uncharted territory.

For one, Boggaram’s market is more global than Indian and Sugandh Lok products adhere to European safety norms and meet rigorous quality standards. The parent brand, Sarathi International, comes with a rich legacy of 75 years in producing ethically-made, high quality agarbattis and has an extensive international presence with customers in over 43 countries worldwide.

Leaning Blocks

In the world of business, he has learnt many lessons and the most important, more or less universal truth is that customers expect value above everything else. “While the initial response to our concept has been nothing short of excellent, it is abundantly clear that our customers desire more than just a transaction. They expect a daily interaction, continuous education, and a tangible demonstration of the value we bring to their lives. This expectation has led to a transformative change in our approach to customer engagement, one that necessitates a dynamic and ever-evolving connection,” Boggaram explains.

Sapthagiri Boggaram | Global Indian

Looking Ahead

Boggaram, has ambitious plans for the business as he embarks on an ambitious expansion plan as he hopes to roll out approximately four more stores in Bengaluru and soon extend their reach pan-India. “We have already taken significant steps in this direction by signing up with a franchise in the vibrant Karol Bagh area in Delhi and are in discussions with potential franchise partners in Delhi, Mathura, and Brindavan. Our overarching vision is to establish a network of approximately 100 stores within the next two years,” he says. The e-commerce website is currently in place to ensure a broader audience and seamless shopping experience. “Ultimately, our vision at Sugandh Lok is to revolutionise the way people perceive agarbattis and how they incorporate them into their lives. We aim to introduce a fresh perspective, and in doing so, enrich the way people experience and use agarbattis,” signs off Boggaram.

Reading Time: 7 mins

Story
Surabhi Yadav: Launching dreams through Sajhe Sapne

(April 26, 2023) “One day, women of Indian villages will be known for their potential, not their pain, for their aspirations, not their needs, for being leaders, not being led. We will make it happen, one Sapna Center at a time.” This is social entrepreneur Surabhi Yadav’s vision, which she realises through her project, Sajhe Sapne (Shared Dreams). The IIT-Delhi and University of California, Berkeley alumna has been working relentlessly to launch the careers of rural women in modern workforce.  Since 2020, Surabhi and her team have enabled rural young women grow their skills, salary, satisfaction, support system and most importantly, their opinions. With her dream of Har gaon ko ho sapna center ki chaon (to create a series of Sapna centers in every village), Surabhi has been working on her cause starting with Kandbari, a picturesque Himachal Pradesh village.   [caption id="attachment_37766" align="aligncenter" width="373"] Surabhi Yadav, founder and CEO, Sajhe Sapne[/caption] Popularly known as ‘Sapna Centres’, the Sajhe Sapne training centres are run for a cohort of trainees called ‘Sapnewaalis’ (women who dare to dream). “Sajhe Sapne’s first cohort was from Bihar's Musahar community, one of India's poorest and most socially ostracised castes,” says Surabhi, in an interview with Global Indian. 

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p-image-37766 size-full" src="https://stage.globalindian.com//wp-content/uploads/2023/04/Screenshot-2023-04-25-170549.jpg" alt="Indian Social Entrepreneur | Surabhi Yadav | Global Indian" width="373" height="523" /> Surabhi Yadav, founder and CEO, Sajhe Sapne[/caption]

Popularly known as ‘Sapna Centres’, the Sajhe Sapne training centres are run for a cohort of trainees called ‘Sapnewaalis’ (women who dare to dream). “Sajhe Sapne’s first cohort was from Bihar's Musahar community, one of India's poorest and most socially ostracised castes,” says Surabhi, in an interview with Global Indian. 

Launching dreams  

“There is no channel or pathway that connects modern workforce with villages,” says Surabhi and this is the gap she has chosen to address. Her non-profit is not into just providing livelihoods and creating gig workers but focuses on working towards the career development of rural women. 

“I have put into Sajhe Sapne all that I have learned over the years,” remarks Surabhi. Growing up in a Madhya Pradesh village, she was no stranger to rural women resigning themselves to sub-optimal dreams. She thought it was a matter of courage and wondered why these women refused to dream big. “I remember many women in my extended family telling me that when you grow up, employ me as your chaprasi (peon).” Why do they want to be just be satisfied with that, Surabhi often wondered. 

[caption id="attachment_37760" align="aligncenter" width="581"]Indian Social Entrepreneur | Surabhi Yadav | Global Indian Sapnewalis at work[/caption]

“With Sajhe Sapne, my goal is to shift the mindset of rural women from that of a livelihood to one of career development,” Surabhi says. “The ideas that encompass a growth path make the full form of ‘Sajhe’ – “S for skills, A for agency, J for job retention, H for hope and sense of possibilities and E for ecosystem of support,” she adds. 

Over the last three years, Sajhe Sapne has trained a cohort of women from states like Himachal Pradesh, Bihar, Rajasthan, MP, UP, Punjab and Maharashtra, from its Kandbari facility. “Our Sapnewalis have fire in their bellies and Sajhe Sapne fans that fire,” tells the founder and CEO. 

The Sajhe Sapne model of growth 

When Surabhi started out in 2020, she was brimming with ideas, but funds were scarce, so she settled on crowdfunding. She set out to arrange ₹15 lakhs for the startup but ended up getting ₹26 lakh within three days of her crowdfunding campaign. It wasn’t just family and friends – celebrities also took notice and re-tweeted her initiative, helping her exceed her collection target. “In fact, more people were willing to contribute but I stopped the campaign midway because I did not want to use so much money on the pilot run of my project, despite friends advising not to do so and allow money to come.” 

Now, Surabhi has come up with a unique model in which she instils a sense of responsibility in the alumni group (Sabal Sapna Dal), She tells them, “Once you graduate with a job, pay for someone just like someone paid for you.” 

She wants to make her alumni network strong enough to be the biggest investors, influencers and inspiration for the future batches. There is an expenditure of ₹96,000 on each trainee in the year-long residential programme at Sapna Centre. Surabhi is proud of the fact that her funding model has already started gaining momentum. “So far ₹4.5 lakhs have already been donated by former trainees,” she shares joyfully. 

[caption id="attachment_37761" align="aligncenter" width="630"]Indian Social Entrepreneur | Surabhi Yadav | Global Indian Sajhe Sapne team[/caption]

Sajhe Sapne has three career tracks for women to choose from to shape their careers - project management, primary math teaching and coding and web development. After they finish the year-long training programme, while Surabhi and her team try to bring employment opportunities, the programme also prepares women to look for job opportunities and apply on their own. “We try to bring in work opportunities from progressive organisations that value diversity,” Surabhi explains.  

The organisation also runs a one of its kind podcasts by rural women where people get to learn from their life and derive leadership lessons from what they have done differently to change their lives for the better. Such has been the impact of Sajhe Sapne's idea that apart from Surabhi’s eight-member team, some very well-placed individuals like a San Francisco based product designer working in Uber are volunteering for the organisation deeply believing in the cause. 

Life in IIT-Delhi 

Surabhi grew up in Khargone Madhya Pradesh and studied there until standard 12, after which she went on to do her BTech and MTech in bio-chemical engineering and biotechnology from IIT Delhi.  

Breaking barriers, she was the first person in her village to move to a big city to study. People in her community didn’t even understand the magnitude of her achievement when she secured an admission to IIT. “It was just another technical institute to them,” she says. “When I came to IIT, I realised it’s a big mela where you get to engage in so many things. I was awestruck with the three floors of library that had books that I could touch. It was such a beautiful experience for me coming from a village of scare resources,” she adds. “IIT became a big playground for me to explore interesting things.” 

[caption id="attachment_37764" align="aligncenter" width="620"]Indian Social Entrepreneur | Surabhi Yadav | Global Indian Team of friends[/caption]

Surabhi’s interest in social development had begun early in her life, so after her M.Tech, she remained at IIT to work with a Professor of the Humanities and Social Sciences department as a research assistant. While thinking, reading, and writing about inclusive innovation and how to use technology for social good, she was soon neck-deep into development studies. It was the impetus that led her to University of California, Berkley to do a masters in development practice.  

Realising her dreams 

When she returned from California, Surabhi worked for an NGO for a short while and then started on her dream project. 

“My father is the first person in the village to get a full education and a sarkari job. My mother fought to study until class eight. Since they worked very hard for their own education, they were very committed to their children’s education. Also, they treated social work as a way of living and not as a moral obligation,” Surabhi tells. This is where her dedication for social development stems from. 

[caption id="attachment_37768" align="aligncenter" width="445"]Indian Social Entrepreneur | Surabhi Yadav | Global Indian Surabhi with her mentors[/caption]

Now a retired horticulturist, her father has helped many farmers without any benefit. “Being raised by such parents filled me with a sense of responsibility towards my community. In my formative years, I might not have known the phrase ‘social development’ but I grew up learning the importance of giving back to my community,” 

Project Basanti and BIRD 

Surabhi has been involved in other projects around gender equity and the rural development space. Her feminist bent led her to also launch Project Basanti – Women in Leisure, a multi-media project named after her late mother. “It explores time as a feminist issue and consists of a rich repository of photos and videos of women and girls taking time out for themselves.” Surabhi has been happy to see more than 20,000 people participating in interesting social media conversations around women in leisure. “Have you seen a well-rested woman,” asks Surabhi. Project Basanti is all about capturing such rare moments. 

Surabhi is also a co-lead at Billion Readers – BIRD, an IIM-Ahmedabad project. There, she assists the BIRD team to support the government’s language literacy initiative and improving reading habits of individuals. While people watch entertaining content on television or YouTube, subtitles encourage them to read, without pushing them to do so.  

Driven by purpose amidst nature  

To be able to work from Kanbadi is like living a dream for Surabhi. “Nature was important, a small place was important, not having a crowd was important. I get the quiet, I get the mountains and I get this beautiful organisation to run with a wonderful team,’ she smiles. “This place gives me the tranquility that requires to think creatively,” tells Surabhi who has been learning flute and sitar amidst the blissful quietude. 

[caption id="attachment_37769" align="aligncenter" width="618"]Indian Social Entrepreneur | Surabhi Yadav | Global Indian Sapnewalis at work[/caption]

“I am walking in my balcony with the Dhauladhar mountain range and lush green fields in front of me,” she smiles as we come to the end of our conversation. Life is just the way she wanted it to be. Working amidst the beauty of nature, Surabhi is polishing up her development model while corporates line up to partner with her to open Sajhe Sapne's Sapna Centres in other villages as part of their CSR activities.

  • Follow Surabhi Yadav on LinkedIn, Instagram and Facebook
  • Follow Sajhe Sapne on Instagram, YouTube and its website

Reading Time: 5 mins

Story
Rahul Jain: India-born entrepreneur changing digital payment scene in South Africa

(October 14, 2022) If Mastercard’s New Payment Index 2022 is to be believed, 95 percent of consumers in South Africa used at least one emerging digital payment method in the last year and 67 percent of consumers have purchased from an online marketplace. The purpose with which India-born Rahul Jain set up Peach Payments in South Africa in 2013 has now come to fruition, as a decade later, he is happy to be making digital payments easier in the country. "With Peach, we believe that we are building a potential 100-year business. Digital commerce is the future and we’re building the infrastructure on which this future is being built. As opportunities are seized by entrepreneurs across Africa to build digital businesses, we want to be the preferred payment platform to enable their success," Rahul tells Global Indian. [caption id="attachment_30585" align="aligncenter" width="806"] Rahul Jain is the founder of Peach Payments in South Africa.[/caption] When Rahul moved to Cape Town from Boston, his focus was South Africa, but Peach Payments has now expanded to Kenya and Mauritius, as "digital commerce has helped democratise many industries." For someone who is a regular at Youth Pravasi Bhartiya Divas, Africa FinTech Festival, ECOM Africa, and

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" /> Rahul Jain is the founder of Peach Payments in South Africa.[/caption]

When Rahul moved to Cape Town from Boston, his focus was South Africa, but Peach Payments has now expanded to Kenya and Mauritius, as "digital commerce has helped democratise many industries." For someone who is a regular at Youth Pravasi Bhartiya Divas, Africa FinTech Festival, ECOM Africa, and Seamless Africa, Rahul has enabled many businesses to scale, "often from a rough idea into incredible success stories." Peach Payments was just an idea in 2011 which took a few years to translate into reality. However, it is currently thriving, and how! "We’ve seen apps being built to make it easier for people to buy insurance. New ways of providing credit such as Buy Now Pay Later (BNPL) have helped democratise access to credit. Most of these new insurtechs and BNPL players have used Peach to build their businesses. We see our role as enablers and catalysts in helping people solve problems," adds the entrepreneur.

An internship that changed it all

Born and raised in a business family in Delhi, entrepreneurship runs in his blood. While his paternal family loved carving out watches in India under the Jayco brand, his maternal grandfather pioneered ceramics in India. As a kid, he heard the dinner table conversations and somehow it kind of got "ingrained" in him at a young age. "I always knew I wanted to do something of my own," he says. This passion led him to pursue an MBA degree from IESE Business School in Barcelona, after completing his degree in engineering from Visvesvaraya Technological University. But little did he know that a summer internship at a boutique venture capital fund in Pretoria, South Africa would introduce him to his German friend, Andreas Demleitner, with whom he would someday launch his own startup.

[caption id="attachment_30586" align="aligncenter" width="711"]Entrepreneur | Rahul Jain | Global Indian Andreas Demleitner and Rahul Jain are the co-founders of Peach Payments[/caption]

The two stayed in touch, but life had other plans at that time. Always the first to grab an opportunity, Jain moved to Boston as part of an exchange program at Sloan School of Management at MIT and stayed at the state capital for two years where he worked with a strategy consulting job advising large retailers and airlines about e-commerce and marketing. It was in November 2011 that Rahul got a call from Andreas asking him to join hands in "starting a digital payments business in Africa."

Taking the risk

It was the perfect chance to dip his toes in entrepreneurship, and that's when he decided to move to South Africa to start Peach Payments. "We were also accepted into a startup incubator called Umbono that Google was running in Cape Town. We were one of the nine startups in that program. It was a great opportunity and one that was hard to pass up," explains the entrepreneur. They joined forces with the ambitious goal of revolutionising the online payment space in South Africa. For someone who had lived in Barcelona and Boston, Jain was willing to take the challenge of moving to Cape Town.

Though he feels that he is on the other end of the world and "a trip to India takes 16-17 hours at a minimum," he is sailing through. "All my family and friends are in India. My wife is from Nepal and her family is also based in the subcontinent. So for us, the distance is something we feel all the time," reveals the entrepreneur. Moving to a new city and starting a new life with new friends was formidable on a personal front.

Even professionally, it was a challenging task. While Jain's dream of becoming an entrepreneur was translating into a reality, raising money was an initial hurdle. After one of the seed-funding rounds collapsed at the last moment, they had their backs against the wall. So much so that Jain and his business partner were paying salaries through their savings. "We have faced several challenges. Some of them relate to being a foreigner in a new country and trying to start a new business. I had no networks here and no one knew us," reveals Jain. However, the entrepreneur remained focused on growing sales and revenues, and it was the small victories that led them to solve the cash crunch.

[caption id="attachment_30588" align="aligncenter" width="540"]Entrepreneur | Rahul Jain | Global Indian Rahul Jain moved to South Africa to start Peach Payments[/caption]

The ’gamechanging’ pandemic

In the last decade, Peach Payments has rapidly expanded its suite of tools to help online businesses scale. The risk of moving continents for the startup paid off as it provides online payment solutions to any enterprise selling a product through websites, apps, email, and SMS. Currently active in South Africa, Kenya, and Mauritius, Peach Payments "will be expanding to two more countries by the end of the year." The pandemic led to a fundamental shift in consumer behaviour towards digital commerce, which Jain calls a "gamechanger". People were suddenly forced to buy online during the lockdown, and it inspired them to see the benefits of digital commerce and the convenience it brought with itself.

"The business mindset also changed at an incredible pace. Businesses that previously were only considering e-commerce are suddenly going online in a matter of days. At Peach Payments, we saw record numbers of new accounts in 2020. Across market segments – from retail, digital learning, fitness, and even traditional financial services – we’ve onboarded new clients in almost every vertical in the past two years," explains Rahul, who reveals that the transaction volumes grew 4.5 times since the start of the pandemic.

When Jain started Peach Payments, it took him a year to convince the first bank in South Africa to work with them. But the funding landscape is changing now. "It was incredibly hard to raise any venture capital during the first few years. Africa was not where venture capitalists were investing. This has only really changed in the past two years now. Today, you are seeing unicorns emerge in Africa and startups regularly raising funding rounds of more than $100 million. Back in 2014-15, it was incredibly hard to raise even $100k in funding. So, we were forced to bootstrap the business to a large extent."

Indian diaspora’s help

It was the Indian diaspora largely that helped him travel and integrate with ease across various countries in Africa. He says that Indians are well-respected across the subcontinent, and the diaspora in Kenya especially plays a major role in the local economy and welfare. Jain, who sees a big opportunity in Indian companies, is of the firm belief that such startups should look to expand in Africa. And he has a plan too. "One of my goals is to make it easier for Indian companies to sell in Africa. At Peach, we can process and collect payments for them and repatriate their funds to India making it much easier for them to grow in Africa. I genuinely believe in this and trying to play a role in helping build on this from a digital commerce perspective. I have also recently helped kick off the JITO initiative in South Africa," adds the entrepreneur.

[embed]https://www.youtube.com/watch?v=vaoCX8LS_Qc[/embed]

Rahul, who enjoys the outdoors in Cape Town, spends time in the Winelands, hikes, and plays a sport. "Besides spending time with my 5-year-old daughter, I am passionate about padel, an up-and-coming racquet sport that originated in Mexico and is very popular in Spain and now starting to grow in South Africa as well," he adds.

Peach Payments has changed the way digital payments are seen in Africa, and it has brought its share of learnings. "Starting and growing Peach Payments has taught me that nothing comes easily. Being a successful start-up is all about grinding away at big obstacles and acknowledging that progress takes time," the entrepreneur signs off.

  • Follow Rahul Jain on Linkedin

Reading Time: 7 min

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About Global Indian

Global Indian – a Hero’s Journey is an online publication which showcases the journeys of Indians who went abroad and have had an impact on India. 

These journeys are meant to inspire and motivate the youth to aspire to go beyond where they were born in a spirit of adventure and discovery and return home with news ideas, capital or network that has an impact in some way for India.

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