Sikkim’s travel start-up ‘Our Guest’ earns venture capital of Rs 1 Cr –
Gangtok: Travel start-up ‘Our Guest’ is earning Rs 1 crore venture capital from North East Venture Capital Limited under NEDFI. This is the first time that a Sikkim startup has received such high venture capital as the Gangtok-based travel startup, which crosses northeast India.
Our guest co-founders Pintso Gyatso and Karma Thutob received the check from the Chief Minister of Sikkim, Prem Singh Golay, on the occasion of the third edition of Entrepreneurs Meet at AIC -SMUTBI at Sikkim Manipal Institute of Technology.
The duo have registered their company as Topview Infolabs Private Limited and offer assisted tours to tourists not only to Sikkim but to various parts of North East India.
Talk with EstMojo, Pintso Gyatso said, âThis is a seed fund and we have offered it to North East Venture Capital Limited. It is not a loan but a wing of venture capital, thanks to which we have earned 1 crore rupees for “Our Guest”. The case was concluded 10 to 15 days ago. We started our operations in 2017, battling the pandemic in between, when tourism was really hit. We take care of host families, unusual properties, tours and trips around them.
âWe intend to promote unusual places, not only in Sikkim, but in North Bengal and other parts of North East India. North East Venture Capital believed in our plans, our business and our ideas, among many other venture capital funds that we tried to get in touch with, âGyatso added. They expressed their gratitude to AIC SMUTBI for helping them close the deal.
The event also saw 9 business enterprises under AIC-SMUTBI receiving their graduation certificates, including Topview Infolabs Private Limited, among others.
Chief Minister Prem Singh Golay, in his remarks at the event, reached out to support entrepreneurs and business enterprises in the state. He particularly targeted the development of Sikkim’s own soft drinks.
He said, âWe end up promoting soft drinks like Soju from Japan and others, but there is huge leeway to develop our own soft drinks in Sikkim. From locally developed Chaang capable Raksi (alcoholic), even me (buttermilk), as well as various varieties of wines and fruit juices in Sikkim. It has long been part of our tradition and the right way forward would be to promote them, âsaid the Chief Minister.
The CM also affirmed on investing in unorthodox companies and sub-regional companies. He suggested to the entrepreneurs present to venture into businesses related to spices, bamboo, traditional or organic medicines, slow food and naturopathy, among others.
He also praised the idea of ââmountain ports in Sikkim, urging entrepreneurs to take advantage of Sikkim’s unique topography.
Golay urged entrepreneurs in Sikkim to work in accordance with the North East Region Vision 2035, while promoting the Make In India and Atma Nirbhar Bharat initiatives launched by the Indian government.
The event featured speeches from the Vice Chancellor of Sikkim Manipal University, Lieutenant General Dr Rajen S Grewal, AIC SMUTBI CEO Tej Chingtham, NEDFI CMD PVSLN Murthy and Anjani Bansal from the Bill and Melinda Gates Foundation.
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