Delhi start-up wins GIST pitch

GIST, a US State Department initiative to empower youth

GyanDhan, a Delhi-based start-up working in the space of education loans, emerged winner of a GIST pitch competition for enterprises in the Fintech and Digital Economy, one of the four focus sectors at the Global Entrepreneurship Summit, here on Wednesday.

Lupiya Circle, an online market place created by women in Zambia to financially empower women in the African nation through a branchless banking model was declared the runners-up.

US President’s Adviser Ivanka Trump was present, listening in rapt attention, as the start-ups showcased their products and solutions.

The Global Innovation through Science and Technology (GIST) is an initiative of the US Department of State to empower young innovators through networking, skills building, mentoring and access to financing. The measures are aimed at developing start-up solutions that address economic and development challenges.

Co-founder of GyanDhan Jainesh Singh said the start-up is an education loan marketplace leveraging data science to predict students’ future employability. Launched in April 2016, the start-up is working with Indian lenders to structure differentiated education loan products.

Evelyn Chilomo of Lupiya Circle said the portal provides small lines of credits to business owners, low income employees, micro entrepreneurs and small farmers.

Four such pitch competitions, one for each of the four focus sectors, form part of the GES 2017. The winners of the four competitions, chosen from among the 24 semi-finalists, would pitch their ideas on Thursday and the best among them would be declared the Grand Champion. The competition offers $400,000 of entrepreneurial resources to the 24 semi-finalists, a member of the organising team said.

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Printable version | Feb 25, 2020 12:29:26 PM | https://www.thehindu.com/news/cities/Hyderabad/delhi-start-up-wins-gist-pitch/article21128775.ece

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