Kart4U raises ₹5 crores from Startup Stairs’ Growth Acceleration Program
December 2022, New Delhi: Kart4U, a tech-driven startup that aims to empower the street cart vendors of India by phygitising them for their systematic growth, has raised ₹5 crores from Startup Stairs, a seed-stage accelerator dedicated to developing the skills ecosystem in India. Based out of Gurugram, Kart4U is India’s first kart-to-home delivery service that gives a marketplace to the millions of unorganised street vendors to increase their sales and join the Digital India movement.
Startup Stairs announced 15 startups as the winners of their ‘Growth Acceleration Program with 4i’ under the aegis of NSDC supported by Startup India. The winners were chosen by an esteemed Jury and were awarded seed funding starting from INR 25 lakhs to 5 crores at the Startup Investment Facilitation ceremony on 11th December.
“We at Startup Stairs are focussed on the upliftment of the informal sector’s workforce through tech-inclusive platforms. We intend to support them with proper mentoring & networking. We envision creating a startup ecosystem where there will be the scope of Aadhaar-linked digital verifications of beneficiaries to mitigate the risk of duplicate & fraud accounts and to achieve a reliable & fail-safe digital ecosystem. This revolutionised methodology will help startups to create an impact on the masses and build brand integrity globally,” said Preet Sandhu, Director, of Startup Stairs.
The 15 winning startups were chosen out of 150 nominations from across the country. The highest seed funding of ₹5 crores was awarded to Kart4u. Funding of ₹2 crores went to R Sai, a tech-driven aggregator platform that aims to upskill the logistics workforce with the inclusion of certified drivers and support staff. ₹1 crore was awarded to RATH, a dedicated e-platform that acts as an aggregator of skilled and certified auto and taxi drivers via its app. Another ₹1 crore went to Soltech, a dedicated aggregator, E-commerce platform, and app for all power, battery, and solar needs of consumers and corporate houses. Another ₹60 lakhs was bagged by Maa boli, a tech-inclusive transparent, and robust aggregator platform for the skilled workforce of media, entertainment, and allied industry.
“In a digital world dominated by eCommerce giants and large grocery aggregators, India’s street vendors were being left behind. We at Kart4U are on a mission to level the playing field for these unorganised street vendors, aka the rehdi community, by helping them upskill and avail micro-loans to grow their venture as self-reliant entrepreneurs. We are truly ecstatic to receive this funding from Startup Stairs as it will help us accomplish our mission at a faster pace,” said Bharti Sahu, Founder, of Kart4U.
The Jury for the program comprised seven eminent personalities, namely Dr. K K Khandelwal (IAS, Chairman, Haryana Real Estate Regulation Authority, Gurugram), Shri Vijay Dahiya (IAS, Commissioner, Skill, and Industrial Training), Shri Sanjeev Kumar (ITS, Chairman & Managing Director, TCIL), Shri Anant P Pandey (IFS, DG, Foreign Corporation Department, Haryana), Shri Abhishek Singh (IAS, Deputy Commissioner, New Delhi), His Excellency, Mr. Zulfiquar Ghadiyali Zakir Hussain (Executive Director, Business Management of His Highness Sheikh Hamdan Bin Khalifa Al Nahyan, Abu Dhabi-UAE) and Shri Hitesh Mehra.
Several dignitaries graced the event, including Minister of Agriculture and Farm Welfare – Shri Narender Singh Tomar, Union Minister of Rural Development and Panchayat Raj – Shri Om Prakash Dhankar, Minister of State for Fisheries, Animal Husbandry and Dairying – Shri Sanjeev Kumar Balyan, Minister of State for Education – Shri Subhash Sarkar, MP and National President of BJYM – Shri Tejasvi Surya, Chief Executive Officer of National Skill Development Corporation (NSDC) – Shri Ved mani Tiwari, Union Minister of State for Agriculture and Farmer Welfare – Shri Kailash Chaudhary, President, The Indian National Cultural Centre SITA – Sammy Kotwani, and Commissioner & Secretary to Government of Haryana Skill Development & Industrial Training and Employment Department – Sh. Vijay Singh Dahiya, IAS, among others.
“The turnout of startups for the Growth Accelerator Program by Startup Stairs has been heartening. I am glad that we were able to provide these impressive startups working for the upliftment of the informal sector in India with the support they need to make a mark and fuel the economy in the years to come. The zeal to excel and enthusiasm shown by the participants gives me immense confidence in the future of startups in India,” said Deep Sisai, Advisor, Startup Stairs.