Vizag’s Rs 20 crore Startup!

startup

     Striving for a cleaner and greener environment  today is not just the mandate of governments but the onus significantly lies on corporates and businesses to maintain and preserve a healthy & sustainable environment.

    One such startup that has made its mandate to conserve environment by providing sustainable solutions and innovative frameworks is GCRS i.e. Geo Climate Risk Solutions.

    This Andhra Pradesh based startup is founded by Mr Prasad Babu who has over 15 years of experience of using spatial technologies.

     A post graduate degree in civil engineering with specialization in geo informatics and engineering geo sciences from IIT Kanpur Mr Babu focuses on innovations and spatial platforms in climate change and disaster risk management.

   The startup develops sustainable solutions using geo special information for industries, institutions and governments.

    Some of the solutions GCRS provides its clients with include corporate sustainability management systems, environment impact assessments, natural hazards and vulnerability analysis, spatial analysis, geo spatial data services and others.

     Validating this startup mission is none other than India’s largest state owned natural gas processing and distribution company, GAIL (Gas Authority of India Limited). GAIL through its startup funding initiative put in a whopping Rs 2 crores in GCRS for a 10% stake, thereby valuing the startup at Rs 20 crores.

     And with clients such as Aditya Birla group, government of Meghalaya, GCRS is all set to scale new heights while making sure the environment is taken care of.

Below is a brief snapshot of the company and founder:

Founder Name: G Prasad Babu

Team: 25

Incubated/Started (Year and City): 2014 Vizag

Industry/Space: Environment & Geo Spatial

Funding: Received Rs 2 crores by GAIL (Gas Authority of India Ltd)

Looking for: Funding and Mentors

Market of Operation: Worldwide

Revenues: About 1 crore

Claim to Fame: Being recognized by GAIL and the funding it received from them. GCRS is also emerging business partner to ESRI i.e. a leading geo spatial software maker, head quartered in California.

Company’s culture:

    Aggressive          Easy Going      Methodical

PTIM (Person that inspires me): To be honest no one. I am a strong believer in GOD.

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