Arc Ventures has tied up with Japan-based Leave A Nest to set up ArcNest
It includes an initial INR 50 Cr fund for ideas that are combating India's environmental concerns
India’s rising pollution stats have opened up more opportunities for cleantech startups to succeed
The world has become hotter in the last five years and so have cleantech startups in India. Be it monitoring air quality or solving complex issues like stubble burning with innovative ideas, cleantech startups, backed by the sharpest minds from IITs and IIMs, bet high on making a difference while running a sustainable business.“Recognise the pressing environmental issues our world currently faces and divert attention towards them.”“The good thing is that since we are behind on our infrastructure in a lot of cities, we can really invest in the latest tech available now,” Iqbal added.“Major corporations are taking a step towards sustainability initiatives, and cleantech startups and companies are now able to leverage this awareness for business.”
With shocking reports coming in about the impact of pollution — like the centre for science and environment (CSE)’s report in June this year, which said life expectancy in India is going down by 2.6 years due to air pollution —- innovative ideas from across the country are being appreciated by government, masses and investors alike.