Ritesh Agarwal partners Naropa to give personal grants to four startups
Summary
The four startups selected are Siachen Naturals, Ladakh Brew, Nima Goos Goos, and The Forest Collective.Siachen Naturals was founded with the aim to produce and promote healthy food alternatives to fast food. It has developed a range of traditional Ladakhi superfoods made of organic ingredients such a barley which are rich in protein and fiber, the company has said.Ladakh Brew identified the market potential of Chaang (Ladakhi local beer) and decided to produce and promote it as the only commercial local beverage available in the region. Its production also encourages the farming of Barley, the main ingredient used in its manufacturing, which has been decreasing over the years due to the preference for cash crops. Its herbal tea, also known as Tisanes is available in different varieties and created a distinct reputation for itself in a short time, it said in a statement.The Forest Collective looks to stop pine-fueled forest fires and promote pine-based biomaterials which are alternatives to plastic and timber for varied industries. It is also exploring the potential of using them for the manufacture of wellness products like perfumes and candles to diversify income streams, it said in a statement.Ritesh will continue to support these ventures through regular interactions and sustained guidance, a statement read.