Placeholder canvas

UAE princess invests in Indian start-up firm

Date:

An Indian start-up based in Mumbai, Wegan Foods has managed to draw the attention of UAE Princess Sheikha Arwa Al Qassimi to make her invest in the company.

ALSO READ: Micro-delivery startup MrNeeds raises USD 500K in pre-Series A funding

A member of the royal family of Sharjah and Ras Al Khaimah, Al Qassimi has invested an undisclosed sum of money to the food start-up, according to the reports.

She decided to invest money following company’s intention to hire women as the majority of its workforce from weaker sections of the society.

“Of our total workforce, we plan to hire about 90 percent women, that too from organisations that groom and empower women from disadvantaged backgrounds. This was the biggest motivation for Sheikha Arwa Al Qassimi to invest in our company,” said CEO of Wegan Food, Kinjal Darukhanawala.

ALSO READ: Damon Xi promoted as head of UCWeb India and Indonesia

The Princess is a women empowerment activist and invests a lot for such causes, however, this was the first company in India that has got investment from Al Qassimi.

The start-up will be utilising the fund to set up kitchens, inventory and brand building. The first kitchen will be set up in Mahim, Mumbai and will later on target metro cities following success.

 

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Biden Administration Approves $60Million Aid For Baltimore Bridge Collapse

The Federal Administration in a statement on Thursday said that it has provided the quick-release funds to rebuild the collapsed bridge within hours of receiving a request from Maryland Department Of Transportation

Fact Check: Lok Sabha Polls Will Be Held Using EVMs; Don’t Fall For False Claim

Ahead of the Lok Sabha polls, a newspaper cutout...

Four Killed, Five Wounded In Stabbing Incident In North Illinois

Redd mentioned that not all of the victims had stab wounds and none of them were shot. She added by saying that they have a suspect in custody

Hope Everyone’s Rights Are Protected: UN On Kejriwal’s Arrest

Delhi CM Kejriwal was arrested by the ED(Enforcement Directorate) on March 21 in the Delhi liquor policy case, days ahead of the Lok Sabha polls