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GreenLine invests $275m in Green Logistics; Nikhil Kamath invests $20m

Newsmantra — Fri, 11 Apr 2025 07:19:03 +0000

Bengaluru, 10^th April 2025: GreenLine Mobility Solutions Ltd., an Essar venture and India’s only green logistics operator of LNG and electric-powered heavy commercial trucks, has announced a $275 million equity investment to accelerate the decarbonisation of heavy trucking in India. This includes a $20 million investment from Nikhil Kamath, marking a significant boost to India’s green logistics transformation.

GreenLine aims to decarbonise India’s transportation sector, which contributes nearly 15% of the country’s total carbon emission. The funding will enable the deployment of over 10,000 LNG and EV trucks, along with the establishment of a nationwide network of 100 LNG refuelling stations, EV charging stations, and battery swapping facilities. This comprehensive initiative aims to reduce 1 million tonnes of carbon emissions annually.

India’s road logistics sector, with over 4 million trucks already in operation and continuing to grow, remains one of the country’s most carbon-intensive industries. Aligned with the Indian government’s ambitious goal to reduce greenhouse gas emissions, GreenLine is committed to transitioning India’s heavy-duty vehicle (HDV) fleet to LNG and EV trucks to promote cleaner, more sustainable transport. The company offers its logistics services at cost parity with diesel trucks, ensuring that customers can reduce carbon emissions without incurring any additional costs.

GreenLine’s LNG-powered trucks reduce CO₂ emissions by up to 30%, making them a trusted partner for corporates aiming to achieve their sustainability goals. The company’s current fleet of over 650 LNG trucks serves marquee companies across industries such as FMCG & E-commerce, Metals and Mining, Cement, Oil & Gas, Chemicals, etc. The fleet has already covered over 38 million kilometres, reducing CO₂ emissions by 10,000 tonnes.

Anshuman Ruia, Director, Essar said “We are really excited about this game-changing shift in India’s heavy trucking industry. We see this as an opportunity to not only build the green mobility ecosystem, but also, in the future, invest in clean energy sources to power our electric trucks. This integrated approach will significantly reduce emissions, cut down on energy imports, and help drive India towards achieving a more sustainable, energy-secure future.”

Anand Mimani, CEO, GreenLine Mobility Solutions Ltd. said, “GreenLine has been at the forefront of decarbonising India’s heavy trucking industry, making significant progress from the very start. As leaders in this space, this investment brings us even closer to our vision of transforming India’s road logistics sector. We request India Inc. to embrace this evolving landscape and actively support the transition towards a greener and more sustainable future for all.”

Nikhil Kamath, Investor and Entrepreneur said “The logistics industry needs to evolve—faster, cleaner, and smarter. Green mobility isn’t just a trend; it’s the inevitable future. Backing GreenLine is a bet on that future, where sustainability and efficiency go hand in hand. More companies need to take the leap, adopt green tech, and rethink how we move goods at scale. This shift is happening—with or without you”

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Nikhil Kamath’s Gruhas leads ₹12.5 Cr investment in LehLah

Newsmantra — Thu, 03 Apr 2025 10:46:09 +0000

Bengaluru, April 1, 2025: LehLah, a creator-led content commerce startup, has raised INR 12.5 cr in its seed funding round, led by Gruhas, a company co-founded by Nikhil Kamath and Abhijeet Pai. This investment highlights the growing appeal and market presence of LehLah. The funds will be utilised for product development, increasing brand visibility, and expanding the team.

Commenting on the funding, Nikhil Kamath said, “Shopping today isn’t just about products—it’s about trust, influence, and community. People don’t want to be sold to; they want recommendations from those they relate to. The future of commerce may belong to platforms that empower individuals to monetize their influence while making discovery and purchasing seamless. Only time will truly tell.”

Ashna Ruia, Founder, LehLah stated, “We are excited to embark on this new chapter with the backing of Gruhas, who share our vision for transforming the creator economy. This support enables us to amplify our mission of empowering creators to build thriving businesses around their passions. As we continue to innovate and scale, we are inspired by the opportunity to redefine the intersection of creativity, commerce, and community, with key partners like Nikhil Kamath by our side.”

LehLah is a content commerce platform that empowers creators to monetise their influence by sharing affiliate links for curated product recommendations. It bridges the gap between creators and brand partners, turning authentic content into a powerful revenue stream. By offering a seamless shopping experience for followers, LehLah drives sales and boosts conversions for brands.

Since its inception, LehLah has experienced rapid growth, partnering with leading e-commerce platforms like Myntra, Meesho, Flipkart, and Nykaa, as well as prominent D2C brands like Libas and Foxtale. This collaboration has contributed to a 46% month-on-month increase in GMV and enabled over 700,000 content pieces through its extensive creator network.

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Nikhil Kamath Announces the Second Cohort of WTFund: Meet the 22 Trailblazing Entrepreneurs Shaping India’s Future

Newsmantra — Thu, 13 Feb 2025 11:32:42 +0000

After receiving an overwhelming response from young entrepreneurs across the country, the WTFund unveils its latest cohort of 9 groundbreaking startups, reaffirming its mission to fuel the next generation of risk-takers.

Bengaluru, February 13, 2025 – WTFund, India’s pioneering initiative for entrepreneurs under 25, led by investor and entrepreneur Nikhil Kamath, has unveiled its second cohort of 22 trailblazing founders. WTFund provides up to Rs 20 lakh in grant funding, along with mentorship and strategic partnerships, to help startups scale their impact.

By democratizing access to opportunities, WTFund has become a launchpad for first-time founders, fostering a culture of innovation, resilience, and learning. Committed to bridging critical gaps in India’s startup ecosystem, it continues to empower young entrepreneurs to build, grow, and succeed on a global stage.

“Entrepreneurs can build at any age, but there’s something about being young—the audacity, the relentless energy, the willingness to take risks before the world tells you otherwise. WTFund exists to fuel that spirit. More than just capital, founders need a launchpad—access to mentorship, networks, and the freedom to execute big ideas. With Cohort 2, we’re backing founders who aren’t just dreaming of change but are actually building it. The future belongs to those who take the leap, and we’re here to make sure they don’t have to do it alone.” said Nikhil Kamath.

From Vision to Impact: The Founders Leading Cohort 2

WTFund attracted applications from 50+ cities, spanning all tiers and remote areas, reflecting the depth of India’s entrepreneurial talent. The second cohort brings together solutions across Tech/SaaS, D2C, EdTech, FinTech, HealthTech, AgriTech, and CleanTech, driving innovation at scale.

The applications also demonstrated that a clear mobile-first mindset runs across all tiers – Tier 1 startups are pioneering AI/ML-driven B2B solutions, while Tier 2 and 3 founders are building vernacular-first B2C innovations tailored for India’s diverse markets. These entrepreneurs are not just solving local challenges but creating globally scalable solutions, proving that India’s grassroots innovation is ready to make an impact on the world stage.

The second cohort showcases nine exceptional startups, each bringing innovative solutions poised to make a significant impact. They include:

Startup	Description, Founders, SDG Alignment, and Impact
Nasadya (H2ive)	Founded by Chaitanya Gulati, Subhechchha Paul, and Suhani Mohan, Nasadya develops advanced solid-state hydrogen storage solutions for safer, more affordable, and more efficient industrial energy use. SDG 7: Affordable & Clean Energy – Enabling widespread adoption of hydrogen as a sustainable fuel.
InnerGize	Founded by Shalmali Kadu, Sidharth Bhargava, and Mitansh, InnerGize offers a wearable device that reduces chronic stress and anxiety using non-invasive technology. SDG 3: Good Health & Well-being – Making mental wellness accessible with a clinically validated, on-demand relaxation tool.
Armatrix	Founded by Vishrant Dave, Prateesh Awasthi, and Ayush Ranjan, Armatrix develops industrial robotics, including flexible robotic arms for hazardous environments. SDG 9: Industry, Innovation & Infrastructure – Enhancing worker safety and operational efficiency in high-risk industries.
Drnk	Founded by Raj Thakkar and Aryan Gandhi, Drnk provides affordable specialty beverages with a strong community-driven brand experience. SDG 12: Responsible Consumption & Production – Redefining the beverage industry with sustainable, healthier options for Gen Z and Millennials.
Neoperk	Founded by Satyendra Gupta, Neoperk is an AI-powered soil testing solution that improves agricultural productivity and sustainability. SDG 2: Zero Hunger – Helping farmers reduce input costs and increase yield quality by 15-20%.
ReferRush	Founded by Vikram Pai and Rohan Verma, ReferRush is a multi-channel referral program platform for eCommerce brands. SDG 8: Decent Work & Economic Growth – Driving sustainable business growth through AI-powered customer engagement.
Modus AI	Founded by Sunit Gautam and Somesh Lund, Modus AI is an AI-driven fraud detection system for financial institutions. SDG 16: Peace, Justice & Strong Institutions – Enhancing financial security with automated fraud risk assessment.
Bytes	Founded by Aayush Kumar and Prakhar, Bytes offers an AI-powered Advanced Driver Assistance System (ADAS) for two-wheelers. SDG 3: Good Health & Well-being – Reducing road accidents by improving two-wheeler safety.
Ai.gnosis	Founded by Raksheet Jain and Divyansh Mangal, Ai.gnosis is an AI-based developmental screening tool for early autism detection. SDG 4: Quality Education – Enabling early intervention for neurodivergent children, improving long-term outcomes.

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Zerodha’s Nikhil Kamath Joins Nature Enthusiasts at Nuvedo’s Urban Foraging Walk in Cubbon Park

Newsmantra — Thu, 29 Aug 2024 05:11:34 +0000

Bengaluru, 28th August 2024 – In the wake of the COVID-19 pandemic, as people emerge with a renewed appreciation for nature, Nuvedo has pioneered a unique trend in the city—urban foraging walks. These walks have quickly become one of the city’s most popular activities. Recently, they attracted the attention of Nikhil Kamath, co-founder of Zerodha and a prominent figure in India’s entrepreneurial landscape.

Kamath, who has always felt a deep connection to Bengaluru, joined one of Nuvedo’s “mushroom walks” at Cubbon Park, turning an ordinary Sunday morning into an extraordinary experience for fellow participants. His involvement underscores the growing appeal of these walks, which aim to reconnect urban dwellers with the natural world and foster a deeper understanding of the city’s biodiversity.

Kamath’s participation didn’t go unnoticed. Local entrepreneur, who also attended the walk, shared his excitement on social media, leading to a viral post that has since garnered thousands of views. The buzz around this event is a testament to the public’s increasing interest in sustainable, nature-based activities. High-resolution images of the walk, including Kamath’s engagement, are available for media use.

Nuvedo’s Urban Foraging walks, launched in 2021, blend “Nu” (new) with “Ved” (ancient fungal wisdom), reconnecting city dwellers with nature’s hidden wonders. These immersive experiences, catering to all ages, unveil the fascinating world of fungi, crucial for ecological balance. Beyond education, Nuvedo harnesses mushrooms for human health, developing innovative products. This dual approach fosters a counter-culture movement, they fondly refer to as #IndiasMushroomRevolution which is encouraging a holistic lifestyle and deeper nature connection. Through foraging walks, wellness events, educational seminars and large community gatherings – Nuvedo has cultivated a community that appreciates fungi’s profound importance in our ecosystems and lives, sparking a journey of discovery, health, and meaningful connection to the planet.

“We’ve had three generations of families join our walks, learning together and exploring the wonders of the mushroom world,” said Jashid Hameed, co-founder of Nuvedo. “In three years of hosting foraging walks, I’ve seen how mushrooms bring people together, regardless of age, profession, or background. From families exploring across generations to IT pros, chefs, and artists sharing a common curiosity—what is it about the fungal world that captivates us so deeply? These walks go beyond just finding mushrooms; they’re about rekindling our connection with nature and each other in unexpected ways.

The Search for Aligned Investors

On the business front, Jashid elaborated on the kind of investors Nuvedo seeks: “We’re looking for investors who share our long-term vision—people who are not just interested in immediate profits but are committed to building something sustainable. It’s time to radically redefine ‘return’ beyond mere profit. We’re talking a true triple bottom line: people, planet, and yes, profit – but not at the expense of the first two. Mushrooms aren’t just a fringe interest; they’re the backbone of our ecosystems, nature’s ultimate recyclers and can shift the way, our people are impacted. To forward-thinking stakeholders: consider the long-term value of investing in nature’s infrastructure. While conventional metrics focus on immediate financial gains, we propose a more holistic approach while working with a living organism. Championing fungi isn’t just about sustainability—it’s about securing a thriving future for our planet and, by extension, our economies. Let’s invest wisely in Earth’s future.

As more people seek sustainable ways to engage with their environment, Nuvedo’s foraging walks are becoming a must-do activity for those who want to deepen their understanding of the natural world. With Kamath’s participation highlighting this growing appeal, fungi and mushrooms are stepping into the mainstream. It’s time to join the movement—because the impact of these remarkable organisms is bigger than we’ve realized, and it’s impossible to ignore.

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