Funding Alert
Arts Help starts a $6 million fundraising campaign to create a digital climate library and ESG certification programme
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ByStartupStory | April 13, 2023
A $6 million fund is being established by nonprofit Arts Help to create the first digital climate library in the world and give the general public access to the UNFCCC archives.
According to Arts Help founder Mo Ghoneim, the UNFCCC, which was established in 1992, has more than 1.7 million paper documents related to the treaty, many of which are in poor condition and are arranged using antiquated cataloguing techniques.
The documents, recordings, and transcripts that are kept in analogue formats are what Gonhiem wants to digitise. The files will be searchable and open to the public in order to preserve the treaty’s rich history.
“We really saw an opportunity to harness our ability to integrate innovation and tech, and arts and creativity to support this project and bring it to life,” Ghoneim told TechCrunch+, adding that the UNFCCC has acknowledged the urgency of this initiative.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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