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IIT Madras Student's Startup Raises $1.1 Million After JEE Setback
Sentiment: PositiveHigh Priority
What Happened?
Kuldeep Rathore, an IIT Madras student, raised $1.1 million for his startup SamanNow after not clearing JEE Advanced. His journey highlights the value of practical experience.
Key points
- Kuldeep Rathore could not clear JEE Advanced after a drop year.
- He enrolled in the IIT Madras BS Degree Programme in Data Science.
- Kuldeep's startup SamanNow raised $1.1 million in pre-seed funding.
- He previously co-founded Zodok, a fashion-focused quick-commerce startup.
- Zodok scaled to around 100 orders a day before being acquired by KNOT.
- Kuldeep joined KNOT as an Entrepreneur-in-Residence, gaining valuable experience.
Key insights
- Kuldeep's experience emphasizes the importance of practical learning alongside academic pursuits.
- SamanNow aims to make shopping more accessible in smaller cities, potentially transforming local markets.
- The funding from notable investors indicates growing interest in quick-commerce startups in India.
Why it matters
Kuldeep's journey shows that success can come from unexpected paths, encouraging students to pursue practical experiences.
Entities
Kuldeep Rathore· PersonIIT Madras· OrganizationSamanNow· CompanyZodok· CompanyKNOT· CompanyAntler· OrganizationTitan Capital· OrganizationAll In Capital· OrganizationPune· City
Source
India Today
