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

Elections 2024: Legal Cases Against Donald Trump And How It Can Impact His Chances For Presidency

Former President Trump was indicted with charges of overturning the 2020 Presidential election and was indicted on Felony charges and also the violence of January 6 2021 in Washington D.C.

About 80,000 Leaders, Workers From Different Parties Join BJP Ahead Of Lok Sabha Elections

New Delhi: Ahead of the upcoming general elections 2024,...

Arvind Kejriwal’s ED Custody Extended Till April 1

New Delhi: The Rouse Avenue Court in Delhi extended...

Fact Check: Mohan Bhagwat-Led RSS NOT Supporting INDIA Bloc

A video alleging that the Rashtriya Swayam Sevak Sangh...