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Current company Letsendorse
Civic and Social Organizations · 30 employees · Founded 2015 · Bengaluru, Karnataka, India
LetsEndorse is a social enterprise with a mission to solve social issues at scale by leveraging innovation, technology and collaboration. UDYAMITA by LetsEndorse is a systematic, data-driven, technology-enabled and human-assisted, maturation model of identifying, nurturing and enabling aspirants to become nano/micro-entrepreneurs. Through our horizontal technology platform (UDITI) and unique intervention model, we power the maturation journeys of micro-enterprise aspirants. UDYAMITA spans identifying aspirants through omnichannel outreach and nurturing them by determining their enterprise-readiness, identifying fitting business model algorithmically, connecting them to skill-trainings, imparting a vernacular Entrepreneurship Development Program (digital-first, following andragogical principles), auto-generating comprehensive and personalized business plans in minutes (for 170+ business ideas), recommending eligibility for fitting credit schemes, enabling credit/subsidy access from banks (under several Government schemes) and NBFCs, building backward/forward linkages for enterprises, offering business support, registration and compliance services and handholding for enterprise sustainability in perpetuity via our technology. Our core focus is on building entrepreneurial capability, fostering access to low-cost finance, and continuous handholding and mentorship, with the sustainable monthly incomes of micro-entrepreneurs being our north-star metric. We have strategized our efforts with NSDC, SIDBI, several state Governments, and public sector banks, and foster sustainable livelihoods at the BoP. Over the next five years, we have the opportunity to enable 1 million micro-entrepreneurs, unlock INR cr+ of financing, generate at least 3 million direct employment, and create a massive impact on the country\'s grassroots economy. More about LetsEndorse: More about UDYAMITA: