Google Cloud gives Rs 1.7 crore to LPU student for his startup

December 29, 2023

, By Editorial Team

Google Cloud gives Rs 1.7 crore to LPU student for his startup

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Rounak Adhikary, a student at Lovely Professional University, has made a big step forward with his project, ‘ProjectX.Cloud.’ Google Cloud has given him $200,000 (about Rs 1.70 crore) for his project, which is about making a special computer system that works in the cloud and doesn’t depend much on physical devices.

Early support for the project

ProjectX.Cloud started getting attention and support early on. It got Rs 10 lakh from the Ministry of Commerce and Industry and the Ministry of Electronics and IT. Also, it received awards and extra money over Rs 50 lakh from the Microsoft Founder’s Programme and AWS Activate Founder’s Programme.

Fundraising plans

Adhikary said that he is looking to raise $3 million (around Rs 24 crore) to grow his project. He says, “ProjectX.Cloud is dedicated to revolutionizing device functionality by reducing dependency on hardware.”

Notably, His project is now part of the Launchpad accelerator at IIM Bangalore. Big investment firms like IFC World Bank, Elevation Capital, Campus Fund, and Kalaari Capital are also interested in it.

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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Google Cloud gives Rs 1.7 crore to LPU student for his startup

December 29, 2023

Google Cloud gives Rs 1.7 crore to LPU student for his startup

Rounak Adhikary, a student at Lovely Professional University, has made a big step forward with his project, ‘ProjectX.Cloud.’ Google Cloud has given him $200,000 (about Rs 1.70 crore) for his project, which is about making a special computer system that works in the cloud and doesn’t depend much on physical devices.

Early support for the project

ProjectX.Cloud started getting attention and support early on. It got Rs 10 lakh from the Ministry of Commerce and Industry and the Ministry of Electronics and IT. Also, it received awards and extra money over Rs 50 lakh from the Microsoft Founder’s Programme and AWS Activate Founder’s Programme.

Fundraising plans

Adhikary said that he is looking to raise $3 million (around Rs 24 crore) to grow his project. He says, “ProjectX.Cloud is dedicated to revolutionizing device functionality by reducing dependency on hardware.”

Notably, His project is now part of the Launchpad accelerator at IIM Bangalore. Big investment firms like IFC World Bank, Elevation Capital, Campus Fund, and Kalaari Capital are also interested in it.

Join our new WhatsApp Channel for the latest startup news updates

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

RBI Extends Payments Infrastructure Development Fund Scheme Till Dec 2025

Next News

Alakh Pandey-led Physics Wallah’s revenue climbs 3.4X to Rs 798Cr in FY23

More like this

Popular

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