Advertisment

10th standard students from Jaipur rake in 3cr funding for their startup

author-image
CIOL Writers
New Update
CIOL Three class X students from Jaipur rake in 3mn fund for their beverage startup

Three 15-16-year-old students of Neerja Modi School in Jaipur are making headlines for grabbing a whopping three crore fund for their startup 'Infusion Beverages,' which makes flavoured water without adding any preservatives.

Advertisment

Chetanya Golechha, Mrigank Gujjar and Utsav Jain of Class X formulated the idea, found an investor and also witnessed their product turn into a reality, all within a year.

It all started in April last year when their school launched an entrepreneurship fest. "Our presentation of the product failed to impress the judges in the fest. We were kicked out in the first round. Though we were out of the competition in the first hour but got the order of delivering 150 flavoured water bottles," said Golechha. The trio grabbed the opportunity and delivered 150 bottles.

The trio grabbed the opportunity and delivered 150 bottles.

Advertisment

"We carried out intense research on Google to prepare a healthy drink without sugar and soda. But soon we realised that turning an idea into reality is not easy when you are a minor. Procuring the licence, necessary permissions from the food department and approval from FSSAI, are a herculean task. As we were minors our parents sought the permission on our behalf," said Gujjar, who is preparing for his Class X optional board exam.

Later they participated in the entrepreneurship competitions at IIT-Kanpur and IIM-Indore and received wide appreciation. The major boost came after Malviya National Institute of Technology (MNIT) decided to incubate their idea and it also helped them in applying for a patent, which is in the advanced stage.

Starting from 150, the trio had sold 8,000 bottles of flavoured water— kewra, rose and bel flavours - by January.

Under the investment deal, the trio will handle the responsibility of marketing and research. The plant will be based in Indore.