Our alumni now comprise 73 startup teams from the United States, India, Southeast Asia and Africa, accelerating innovation towards the U.N. Sustainable Development Goals.
BonBillo alumni and community startups have collectively raised over $74 million and are valued at over $131 million based on priced fundraises. Our alumni comprise diverse teams - 79% of teams include people of colour founders and 53% include women founders, with an overall survival rate of 86%.
Congratulations to BonBillo alumni, Cambrian Bioworks, on their recent seed fundraise 🏆
Cambrian Bioworks raised $1.45 million in seed funding led by the Irani family office to improve its automated molecular diagnostics platforms, bolster R&D efforts, expand team and support international market expansion.
Founded in 2020, the Bengaluru-based startup develops automated platforms used in oncology, genomics, and disease testing.
“Molecular diagnostics is crucial for precise diagnosis, disease subtyping, and therapy selection in cancer care. This funding marks a significant milestone in our journey” says Vaibhav Hegde, Co-Founder at Cambrian Bioworks.
Read the full article below:
Styched: India's largest youth fashion brand combining operational innovation with a network of tailors to achieve zero waste
Soumajit Bhowmik and Durga Dash share their journey founding Styched, India's largest online youth fashion brand with zero waste.
The fast fashion industry has a lot of issues that contribute to the negative connotation of the fast fashion segment. Many of these issues, Durga, felt could be solved with technology and proper processes. Inventory remains the biggest problem, because you have to carry a massive amount of stock of various different items. Every time a new style is launched, the unsold inventory goes to the landfills and the chemicals that come off of the fabric poisons the land, making it unfit for agriculture. So unsold inventory is a major problem, almost 25% of all inventory produced never gets sold and 15% of the fabric used to make garments are actually extra pieces that are discarded in landfills. In total, 40% of all fabric procured is wasted and ends up in landfills.
Another major issue is the rate of RTO (Return to Origin) products. These are products that go out of the warehouse, but are never delivered due to multiple issues. Sometimes the customer wouldn’t be available at the time of delivery, the address provided is not serviceable or the customer no longer wants the product. Undeliverables in India account for 35% across all major brands and marketplaces.
The Styched team wanted to solve these problems and pass the cost benefits to the customer. They wanted to have zero wastage, zero inventory and zero warehousing, enabling them to become the most affordable high-quality brand.
Read more and watch highlights of Styched's founder journey on the BonBillo blog:
https://www.bonbillo.com/blog/styched-founder-story
BonBillo Impact Jobs Board - Latest Opportunities 🚀
Visit our Impact Jobs Board for all job listings from Freight Tiger, PriyoShop, Promeat, EatWell and 10X Academy that are contributing towards the U.N. Sustainable Development Goals.
If you're looking to recruit for your social impact startup, you can post a free job listing for greater visibility here.
Congrats to BonBillo alumni and community members on their wins! 🏆
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Blitz Electric, a data-driven logistics enabler in Southeast Asia helping enterprises private label delivery services with a logistics tech stack and EV fleet, has been selected to be part of Grab Ventures Velocity Batch 7. The startup has grown a staggering 98x over the last two years, resulting in an ARR of $2 million.
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Karma Wallet was recently featured in an article on Forbes.com. "In a world where consumer spending increasingly reflects personal values, Karma Wallet is leading the charge in ethical fintech. This innovative platform empowers users to make informed decisions about their purchases, aligning their spending with the social and environmental causes they care about."
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