These Class X students from Jaipur are young and ambitious to be entrepreneurs in the formal sense.
Chetanya Golechha, Mrigank Gujjar and Utsav Jain dreamt big and believed in themselves.
Now their dreams have got wings with a funding of a Rs 3 crore for their start-up ‘Infusion Beverages.’
These students first pitched their idea in an entrepreneurship fest of their school in April last year.
“Our presentation of the product failed to impress the judges in the fest. We were kicked out in the first round. Although we were out of the competition in the first hour,we got an order of delivering 150 flavored water bottles,” said one of the founder.
The three grabbed the opportunity and delivered 150 bottles. Since then, they have not looked back.
Their start-up makes flavored water without adding any preservatives.
Mrigank Gujjar said “We carried out intensive research on Google to prepare a healthy drink without sugar and sodium carbonate.But before long we understood that turning an idea into reality is not easy when you are a minor.Procuring the license, necessary permissions from the food department and approval from FSSAI are herculean chores. As we were minors, our parents sought the permissions on our behalf,”
With the intention of refining their idea, they took part in the entrepreneurship competitions at IIT-Kanpur and IIM-Indore and received wide appreciation. Malviya National Institute of Technology (MNIT) decided to incubate their idea and they assisted them in applying for a patent, which is in advanced stage.
By January, they had sold 8,000 bottles of flavored water.
It was a major jump when an investor from Indore funded Rs 3 crore.
“Under the agreement, we bear the responsibility of marketing and research. The plant will be based in Indore,” said Jain.
The young entrepreneurs were congratulated by the Chief Minister on Twitter.
Aren’t you missing out on your teenage years?
They answered, “Our dreams are big and we are ready to bear the painto attain them early. We don’t wish to be someone who sits idle till he finisheshis graduation or post-graduation.This early start will keep us in front of everyone”.
The future of Indian startups sure looks promising with young entrepreneurs like these three.