Bengaluru: udChalo, a leading consumer-tech startup company that exclusively serves India’s defense forces and their dependents bagged the “Soonicorn” (Soon to be Unicorn) award at the BW Business World Unicorn Summit. udChalo’s innovative business idea, profitable business model and current profitability of the company proved to offer an edge over the other nominations. The award was handed over to Ravi Kumar- Founder & CEO of udChalo in the presence of Karnataka Chief Minister- Shri Basavaraj Bommai.
To win the award, udChalo went through two rounds by jury screening. Based on the entry, the preliminary screening test was made, in the second round – an exclusive virtual interaction with the Founder and the jury sealed the position for udChalo. The jury team consisted of Padmaja Ruparel, Co-founder Indian Angel Network, Anup Jain-Managing Partner Orios Venture Partners, Saurabh Chandra- MD BCG India, Pranav Parikh – Managing Partner & Head, Edelweiss Private Equity, Alok Mittal-Co-founder & CEO Indifi Technologies, Aprameya Radhakrishna-Co-founder & CEO, KOO App, Prof. Bidyadhar Subudhi, Dean (R&D), IIT Goa, Prof. Rajat Moona- Director, IIT Bhilai and Sanjay Jain- Partner, Bharat Fund.
Ravi Kumar, CEO, udChalo said, “udChalo is a work of passion and respect that the entire team has for the armed forces. We are elated for being recognised for the efforts and the little contributions that we are able to make our solders. Since udChalo’s inception we believed in our dream and being conferred with the title of ‘Soon to be unicorn’ gives our confidence immense boost for the upcoming future of the organisation.”
udChalo currently caters to more than 2.8 million loyal customer base from the Indian armed forces and their dependants. Over a span of 10 years, the start-up has built a unique, convenient and effective platforms for soldiers to access cheapest consumer products and services.
The BW Unicorn Summit & Awards 2022 is a first of its kind global two day summit and awards event where various start- ups were awarded and recognised for their impact contribution to the start-up eco system in India.