Tag: Ritesh Agarwal

NITI Aayog looks to set up 1k tinkering labs

NITI Aayog CEO Amitabh Kant has stated that this year, the Atal Innovation Mission (AIM) scheme will look to select 1,000 schools. They will receive a grant of about $31K (INR 20 Lakh) each. The money will be utilised to set up tinkering labs to foster innovation, as per a recent report. The repo…

Indian start-ups should focus on sustainability, stop chasing Unicorn tag

The next company that is being greenlighted to enter the prestigious Unicorn club of startups is Oyo Rooms, a SoftBank-backed budget hotel aggregator. Founded by 21-year-old Ritesh Agarwal in 2015, the company is reportedly in talks with the Japanese SoftBank to raise about US $300-500 million. I…