Figfax, a food industry focused investment platform has entered into a strategic partnership with Sharda Launchpad by Sharda University. This collaboration aims to introduce an innovative Food & Beverage Accelerator Program, poised to drive growth and innovation within the food and beverage sector for 50+ Brands in one year.
Sharda Launchpad, an initiative by Sharda University, is dedicated to nurturing entrepreneurship through skill acquisition, mentorship, industry engagement, and research-driven initiatives.
The Indian food industry is vibrant and constantly evolving, encompassing diverse flavours and a burgeoning startup culture. As India’s economy flourishes, there’s a growing hunger for innovation in the food and beverage sector. At this pivotal moment, the partnership between Figfax and Sharda Launchpad provides startups with a distinct opportunity for accelerated growth and success.
Amid the rich tapestry of Indian cuisine, emerging food and beverage brands often struggle to access specialized financial guidance and industry insights. This collaboration directly addresses these challenges, bridging the gap between ambitious entrepreneurial dreams and practical strategies.
The Accelerator Program, at the core of this partnership, is a comprehensive initiative which has set an ambitious goal of accelerating 50 dynamic brands in its inaugural year, through a combination of skill acquisition, mentorship, research initiatives, and industry interactions. By harnessing its fintech capabilities, Figfax will extend financial insights, resources, and expertise to participating startups of this program, enabling them to navigate challenges and capitalize on growth opportunities effectively.
Speaking on the occasion, Ashu Agrawal, Founder & CEO of FigFax, said, “At FigFax, we believe in the potential of the Food Industry and many emerging brands in the space. Embarking on this partnership with Sharda Launchpad is an exciting step forward for Figfax. We are thrilled to join hands with an institution that shares our vision for fostering innovation and nurturing entrepreneurial spirit. This collaboration resonates deeply with our commitment to driving positive change in the food industry. Together, we are poised to create a powerful platform that empowers emerging food and beverage brands with the tools, knowledge, and resources they need to thrive. This partnership signifies not just a coming together of two entities, but a fusion of expertise and passion that will shape the future of the culinary landscape.”
Dr. Sibaram Khara, Vice Chancellor of Sharda University expressed his wishes for the success of this program and said “This visionary program is poised to ignite a new era of culinary innovation and empower aspiring food entrepreneurs to create, innovate, and succeed in the dynamic world of gastronomy. Our mission is to nurture a generation of culinary entrepreneurs who not only delight our taste buds but also contribute to economic growth and societal well-being.”
Dr. Amit Sehgal, Director of Sharda Launchpad informed that the program will be launched on 21st August on the occasion of ‘World Entrepreneurship Day’ (Udyamita Diwa) with a panel discussion.
