Risers Accelerator in talks with multiple startups to invest

NEW DELHI: Startup accelerator Risers Accelerator is in talks with multiple startups including organic cosmetics maker Cosmeto Food Organic, reverse vending machines maker Zeleno and household and gifting retailer Just Happy to invest in, the platform’s chief consultant Pravin Khandelwal said.

“We have valued Cosmeto Food Organic at about Rs 20 crore, and are in talks with the promoters to invest seed capital.. we will mentor them for distribution and digital marketing,” Khandelwal said.

He said the three-year-old Zeleno, which may be valued at Rs 50 crore, has started working with the railways, while Just Happy is setting up stores and distribution channels with a national footprint.


The platform proposes to shortlist 200 start-ups and will invest Rs 10-50 lakh in each of them. It has brought together a group of 35 entrepreneurs and has a total worth of Rs 3,000 crore, a statement by Risers Accelerators said.