was started in 2019 by childhood friends Irthu Suresh and Nakul Reddy to tackle water issues in Bengaluru.
The decentralized peer-to-peer (P2P) water management project rewards users for water conservation with tokens. Its heart is an engine comprising smart maps, integrated markets and oracles.
“Only decentralization makes it possible to build a popular network. However, as water is an operationally intensive physical industry, we realize that some of our efforts will be in Web2 while others will be in Web3,” said Irthu. Decipher the story.
Users can map their water systems, monitor water quality and supply at a specific location on the map, discover water solutions, implement water conservation solutions at their premises, participate to network activities and earn tokens while performing all these activities.
“We are building the network on Ethereum and Polygon, and currently have a prototype that will be tested by 5,000 users in the coming months,” adds the co-founder. Read more.
Atlantis was named among 25 blockchain projects in Your story and the list of top Web3 innovations from the builder tribe.
Editor’s Choice: Go Colors
Gautam Saraogi startedin 2010 after sensing a business opportunity in the women’s bottoms segment. Its parent company Go Fashion made a big debut on BSE in November last year.
Its IPO of Rs 1,014 crore was subscribed 135.46 times at Rs 1,310 per share against the issue price range of Rs 655-Rs 690. The Chennai-based company closed the 2022 financial year with a turnover of Rs 401.31 crore. Read more.
Spotlight on startups
Fixing India’s Broken Medical Supply Chain
Due to cold storage requirements, most drugs in India have to go through tiered distribution processes before reaching consumers, leading to delays.
Founded in 2019 by Vivek Jaiswal, Anurag Savarnya, Shivansh Shrivastava and Amit Kumar, the B2B (business-to-business) pharmaceutical startup Saveo offers a technological solution to pharmacies, which allows them to obtain medicines easily and quickly. Read more.
- The Edtech unicorn Vedantu is laying off 7% of its workforce. Founder and CEO Vamsi Krishna attributed the reason to external environmental factors, such as war in Europe, the likelihood of a recession, US Fed interest rate hikes and the correction in stock markets.
- Amazon announced the rollout of “digital dukaans” at its annual flagship event— Smbhav Summit 2022. A new initiative, Smart Commerce, launched by the Indian branch of the e-commerce giant is expected to transform local stores into digital stores.
Before you go, stay inspired with…
Money should be the last thing that motivates you to do business, because it’s just a byproduct of your excellence and your ability to help people.
Nidhi Vadhera, Founder, Vertical Hyphen
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