Tag: Equity

Education, News

GD Goenka University Honored for Diversity, Equity, & Inclusion in Global Rankings

May 24, 2024 by Mansi Praharaj 0 Comments #Diversity, #Equity, #GD Goenka University, #Global Rankings, #InclusionStrong Institutions

New Delhi, May 24, 2024: Adding another jewel to its crown, GD Goenka University, one of the preeminent educational institutions in India, has been globally ranked 1061 by the Diversity, Equity, and Inclusion (DEI) and Strong Institutions (SI) Rankings by Global University Rankings.

 The eminent institution has achieved this remarkable feat for its outstanding efforts in promoting diversity, equity, and inclusion throughout the campus, nurturing an environment that supports individuals from all backgrounds.

 ”With students from over 40 countries, our vibrant community reflects our commitment to fostering inclusivity and embracing diversity. Diverse perspectives enrich our students’ educational journey, allowing them to evolve into change agents of the future. We are immensely proud of this achievement and grateful to our community for their contributions to making GD Goenka University a beacon of diversity, equity, and inclusion,” said Prof (Dr.) Kim Menezes, Vice Chancellor GD Goenka University.

 DEI and SI Rankings by The Global University Rankings furnish a comprehensive assessment of universities across the globe based on their dedication to promoting transparency, accountability, improvement, awareness, collaboration, and alignment with Sustainable Development Goals (SDGs) within the higher education sector.

 The recent DEI & SI Ranking underlines GD Goenka University’s relentless commitment to excellence. With its innovative approaches to promoting inclusivity, the university has rightfully earned this prestigious recognition.

 Over the years, the university has implemented numerous initiatives, such as scholarship programs for students from marginalised sections, cultural exchange programs, and comprehensive support services, to ensure that every student feels valued and supported.

 In the coming times, GD Goenka University will continue to enhance its diversity and inclusion approaches and expand its outreach to diverse communities.

Kytchens raises funds of 6.5 Crore Equity from Anicut Capital and other marquee investors
Business

Kytchens raises funds of 6.5 Crore Equity from Anicut Capital and other marquee investors

Jun 17, 2022 by Agency 0 Comments #Anicut Capital, #Equity, #Kytchens, #marquee investors

Kytchens, a full-stack “Kitchen as a Service” platform, today announced the funding of 6.5 Crores in equity through pre series A funding. The round was led by Anicut, supported by a bunch of angel investors who have previously invested and backed 100s of successful start-ups in the early stages and helped them scale. Notable Angels like Anand Ladsariya, Bharat Jaisinghani, and Neeraj Goenka participated in the funding round, among others.

The funding will empower Kytchens to build a robust and agile team with the right skill sets and capabilities to accelerate its growth in the Indian market. Additionally, the cloud kitchen service provider will aim towards expanding its footprints across Mumbai and nearby cities like Pune, and Nashik in Maharashtra and across tier 2 markets in South Gujarat. Furthermore, Kytchens will allocate funds towards exemplifying their services as a strategic partner in enabling the growth of F&B brands with the strong managed cloud kitchen network consisting of strategically located Central and Delivery Kytchens to maximize reach.

On the announcement, Bansi Kotecha, CoFounder, Kytchens said, “India as a market is primarily fragmented and undersupplied in the F&B space. High performing local brands are unable to scale to meet customer demand beyond their neighbourhood. Simply put there are not enough F&B chains in India that provide consistent high-quality food that can be eaten in the comfort of your home or office. We began Kytchens to bridge this gap by creating a platform of managed infrastructure and services that empowers great F&B brands to scale with limited resources at an accelerated pace. We are humbled with the support from Anicut Capital and other angel investors at this juncture of our growth journey. Anicut boasts a healthy portfolio of F&B startups and the angels backing us have built large brick and mortar enterprises and understand the complexity of building an operationally intensive business. The funds will help us build a strong foundation of what will be one of the largest food networks across India.”

“With cloud kitchens expected to be a $2 billion industry in India by 2024, Kytchens is uniquely placed in the Indian F&B landscape. Geographic expansion is a major challenge faced by popular standalone restaurants. The existing ecosystem partners solve the issue of delivery and real estate. With Kytchens’ “Operating System”, now these brands can achieve scale in a sustainable manner and at an accelerated pace. We are certain that the Kytchens will soon re-define the paradigms of Indian F&B and achieve heights in the market”, said Ashvin Chadha, Founding Partner, Anicut Capital.

Kytchens was launched by Nachiket Shetye and Bansi Kotecha in the middle of the first lockdown when things were shutting down. The first kitchen initiated its operations in Aug 2020 with 2 partner brands and now the full stack service provider has expanded to 6 locations with 25+ brands. Their portfolio consists of notable brands like Thambbi, Marrakesh, Wraps and Rolls, WoodSide BurgerShop, East Pan Asian, Tru Falafel, La Folie, Huber & Holly etc.