Indian startups seek investments worth millions of dollars at latest Elevate session

Indian startups seek investments worth millions of dollars at latest Elevate session

Dubai: Indian startups are seeking millions of dollars in investments from UAE and global investors at the Elevate pitching sessions. GFresh Agrotech, a supply chain firm in the agriculture sector, is looking for a $7 million investment over the next six months to expand its network in India and foreign markets. “We’re looking for investments for capital, but also to open more warehouses close to the farmers,” said Shubham Dungarwal, the startup’s founder, during the latest Elevate session. The Elevate programme was started as a platform to showcase 500 startups from India at the innovation hub outside the Indian pavilion at Expo 2020 Dubai. “It was one of the best sessions I had in my lifetime and we are thankful to the organisers of the event for giving us this opportunity,” said Dungarwal. K Kumar, CEO of Atrium Medical Technologies, needs funding to ensure that his company can source all its raw materials from India, while continuing to move into newer markets. “We were importing from China in the beginning, but nowadays we have completely stopped,” said Kumar. Kumar asked investors for $5 million to invest in the machinery required to enable bulk production. “We can manufacture our own raw