"We have selected four Indian start-ups for incubation-- CleanLife, White Cub, RoadBounce and VCP. We will now work with them to provide them resources they need to scale up their business.
"For some it may be funds or technology development or customer acquisition. Nexus will assist them as per their need," Nexus Director Erik Azulay said after announcing selection of the firms.
CleanLife, a start-up run by a team of IIT and IIM alumni, has developed body wash and shampoo that can provide waterless bathing and save water. The company is looking for investments to scale up its operations.
White Cub, which has developed ice-cream free from cholesterol, transfat, sugar, gluten and dairy, is looking to raise fund for building team and procuring high-end refrigeration equipment.
"We are not very desperate for funds. If a suitable opportunity comes from a strategic investor we will explore. At present we are selling our product through 55 retail partners including Godrej Nature's Basket," White Cub CEO Sonal said.
Nexus has selected Roadbounce for its technology to map potholes using smartphone-based sensors in short time. The company has mapped potholes on 25,000 kilometre roads in two months.
VCP, which creates business problem cases for recruitment tests, also found a place among the firms selected by Nexus.
A start-up Distinct Horizon presented its agriculture solution claiming to double margins of rice and sugarcane farmers by reducing their crop production cost and increasing yield by about 25 per cent.
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