city New Delhi India covid-19 pandemic city New Delhi India

Investors are more interested in smart founders, not ideas

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As the startup world fights the pandemic to stay afloat, most organizations are looking for ways to re-strategize to attract investors NEW DELHI : Deepak Grover says he’s in a sweet spot.

While most sectors have been hit by covid-19, his startup Snack Amor, incubated with WeWork Labs, secured funding in late March. “Three years ago, when we launched, a lot of people said this was a bit premature for the Indian market.

But the timing couldn’t have been better. People are more selective about what they eat, and how they are prepared; they are willing to pay higher prices for quality products," says Grover, whose Snack Amor sells dried fruits and berries, trail mixes and other healthy snacks.

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The economy is recovering, says President during meeting with professionals
COLOMBO (News 1st); President Gotabaya Rajapaksa said that the nature or extent of the challenges will not matter in fulfilling the promises made to the people.He noted that development activities continue in the country while taking necessary steps to control the COVID-19 pandemic.The President also pointed out that the economy, which had been collapsed for nearly two years, is gradually recovering.The President made these remarks participating in the first round of discussions in a series of sessions with professionals representing various fields, held at the President’s House on Friday (11).The professionals who participated in the discussion said that they are further committed to make the national programme a success by giving the necessary strength to achieve the goals desired by the President, said a statement.The professionals vehemently rejected the allegations spread by some sections with the objective of achieving narrow political agendas, the statement added.Experts in the field said that the new approach to agriculture initiated by the President is being continuously supported by the researchers and entrepreneurs who are engaged full time in these fields, further noted the statement.Representatives from a wide range of fields, including education, policy, sociology, agriculture, research, water and renewable energy, medical, engineering and innovation, were present at the discussion with the President.Ministers, State Ministers, Members of Parliament, the Governor of the Central Bank, the Secretary to the President, the Principal Advisor to the President and many others were also present.
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