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Gujarat News

Startups incubated at the Entrepreneurship Development Institute of India (EDII) have received debt funding of Rs. 1.16 crore from Yes Bank. Earlier this year, EDII had tied up with Yes Bank, India's fifth largest Private sector bank, to lend to startups supported by EDII under the CGTMSE program (Credit Guarantee Fund Trust for Micro and Small Enterprises). The start-ups that have received funding from Yes Bank so far are Green Ideology, an organic cotton and bamboo fibre manufacturing company founded by Abhishek Lodha and Neerja Lakhani (Rs. 50 lakh), Keepsake Automation to promote welding robotics, founded by technopreneur Manan Bateriwala (Rs.50 lakh), and Naapbooks, a cloud-based, customized accounting application that provides automated process of accounting for accurate and secure accounting records, founded by Abhishek Jain (Rs.16 lakh). The Centre for Advancing and Launching Enterprises (CrAdLE) is a technology business incubator, supported and catalysed by The National Science and Technology Entrepreneurship Development Board (NSTEDB), The Department of Science & Technology (DST), Government of India, and hosted by the Ahmedabad-based EDII.