Tuesday, September 27, 2022

ਵਾਹਿਗੁਰੂ

spot_img



Ratan Tata invests in startup that connects the elderly with young graduates

Mumbai, Aug 16, 2022- Ratan Tata, Chairman Emeritus of Tata Sons, has made a seed investment in a startup called “Goodfellows” that aims to help the elderly by pairing them with young and educated graduates for meaningful companionship, the startup said on Tuesday.

In the last six months, “Goodfellows” has completed a successful beta and will now be available in Mumbai and soon in Pune, Chennai and Bengaluru.

“The bonds between the two generations created by Goodfellows are very meaningful and are helping to address an important social issue In India. I hope the investment helps the young team at Goodfellows grow,” said Tata.

During the beta testing, Goodfellows received a positive response with over 800 applications from young graduates looking to be employed at Goodfellows of which a shortlisted cohort of 20 provided companionship to the elderly in Mumbai.

“In its beta phase, we discovered how organically the Grandpals bonded with the Goodfellows. Tata’s investment in our venture further is a huge source of encouragement to our dedication to this concept,” said Shantanu Naidu, the founder of the startup and General Manager in the office of Ratan Tata.

There are 15 million elderlies in India living alone, either due to loss of a partner, or families moving away for unavoidable work reasons.

The business model of Goodfellows is a freemium subscription model.

The first month is free with only the goal of having the Grandpal experience this service. The second month onward is a small subscription fee that has been decided based on the limited affordability of pensioners.

Goodfellows also offers short term internships as well as employment to graduates looking to find a job that allows them to apply their educational background in this space.

“The major percentage of funds from investors are currently geared towards scaling up the goodfellow human capital, which is a slow process since empathy cannot be vetted quickly or by the traditional recruiting process,” said the startup.  (Agency)

CLICK HERE to like YesPunjab.com Facebook Page for regular updates

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected

38,473FansLike
114,067FollowersFollow

ENTERTAINMENT

National

GLOBAL

OPINION

Popular Front of India – India’s internal insurgency – by Arshia Malik

The National Investigation Agency (NIA) -- which was probing over 100 (Popular Front of India (PFI) members in connection with various cases -- arrested...

India’s rise as a global counsel at Samarkand summit – by DC Pathak

The post-Cold War world - no more divided in rival camps created by two competing superpowers confronting each other for military and ideological reasons...

By changing Vyapam’s name twice, MP govt can’t whitewash its stains – by Sundeep Pouranik

Bhopal, Sep 24, 2022 - Seems that ghosts of the Vyampam scam will continue to haunt the Chief Minister Shivraj Singh Chouhan-led Madhya Pradesh...

SPORTS

Health & Fitness

Herbal drug BGR-34 beats obesity, diabetes: AIIMS study

New Delhi, Sep 23, 2022 - A team of doctors from premier health research institute All India Institute of Medical Sciences (AIIMS) here has found that anti-diabetic ayurvedic drug BGR-34 is effective in cutting down obesity along with improving metabolism mechanisms of the patient afflicted with the chronic disease. Led by Sudhir Chandra Sarangi, Additional Professor, Department of Pharmacology AIIMS,...

Gadgets & Tech

error: Content is protected !!