
Govt schools in Belthangady to turn into smart classrooms
Under the Rajya Sabha Local Area Development Fund, Rajya Sabha member D Veerendra Heggade sanctioned Rs 1.5 crore for the initiative.
Under this project, schools have already been selected, including eight aided schools in the taluk. Mahabala Kulal from the community development section of Shri Kshethra Dharmasthala Rural Development Project, who is coordinating the project, said that the process of selecting schools started five months ago.
"After consultation with the block education office at Belthangady, we selected 110 govt schools in the taluk.
The project is funded from the local area development. Currently, the tender process is in progress. We expect smart classroom materials to reach before the celebration of Teacher's Day," he said.
In order to convert existing traditional classrooms into smart classrooms, the beneficiary schools will receive LED TVs and other accessories. They will also receive a hard disk containing the entire school syllabus. Explaining the aim behind this initiative. Kulal shared that currently, such facilities are available only in private schools. "Heggade wanted such facilities extended to govt schools as well, to help them improve their academics.
As a result, this project was planned and implemented," said Kulal, adding that this initiative aims to utilise modern technology for the educational development of children.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
3 minutes ago
- Economic Times
The Sleep Company raises Rs 480 crore in funding led by ChrysCapital, 360 One Asset
ETtech Priyanka and Harshil Salot, cofounders, The Sleep Company Direct-to-consumer startup The Sleep Company has raised Rs 480 crore in a mix of primary and secondary funding round, with private equity firm ChrysCapital and 360 One Asset investing in the part of the transaction, early backer Fireside Ventures made a partial exit through secondary share sales. Cofounder Harshil Salot told ET that the round was evenly split between primary and secondary components. 'We had Fireside Ventures who was our earliest backer, they have taken a part exit in a secondary and the balance is primary. The predominant use of this fund is on development of our teams and on our retail expansion footprint,' he said. The company plans to add 130-150 stores over the next two years, building on its current network of 160 stores across 47 in 2019 by husband-wife duo Harshil and Priyanka Salot, The Sleep Company sells products such as mattresses, pillows, bedding, cushions, office chairs, recliners, and sofas. It plans to deepen its presence in metro and tier-I cities while expanding in tier-II Salot said around 85% of The Sleep Company's sales now come from its direct-to-consumer website and offline outlets, with the remaining 15% coming from marketplaces such as Amazon and Flipkart.'We continue to see strong traction not only in the top cities but also the tier I and tier II cities and we want to continue to double down on our omnichannel strategy because we believe that is a very strong part for our business,' he added. The funding comes at a time when key competitors such as Wakefit and Duroflex are preparing for initial public offerings. Wakefit filed its draft red herring prospectus (DRHP) in June to raise Rs 468 crore through a fresh issue, while Duroflex is also looking to go public in the next 18 months, according to Reuters. Sheela Foam, which owns Sleepwell, is currently the only listed player in the space. Harshil Salot said the IPO plans of rivals including Wakefit and Duroflex signal a maturing of the domestic sleep and home furnishing industry. 'It's great for the increases awareness about this category and these products, which will help all of us.'The company said it currently has an annualised revenue run rate (ARR) of Rs 750 crore and has achieved profitability at an earnings before interest, taxes, depreciation and amortisation level in the last to Tracxn, The Sleep Company closed fiscal year 2024 with a revenue of Rs 320 crore on a net loss of Rs 58.7 it does not yet have an international presence, Harshil Salot said global expansion is part of the company's long-term Mumbai-based firm, which employs around 1,500 people, is ramping up hiring across product development and retail teams, with a portion of the new funding earmarked for this expansion.'This investment also represents a compelling opportunity to participate in India's broader premiumisation wave—where consumers are increasingly gravitating towards high-quality, science-led, and design-first products that enhance everyday living,' said Rajiv Batra, director and consumer sector lead, ChrysCapital said in a statement. 'We believe The Sleep Company is poised to become a dominant force not only in sleep solutions but across the wider comfort and wellness landscape.' It last raised Rs 184 crore in December 2023 from Premji Invest and Fireside Ventures. Prior to that, it secured Rs 177 crore in 2022 in a round led by Premji Invest, with Fireside also participating. The company is also evaluating new acquisition targets for acquisitions in the space. Priyanka Salot, cofounder of The Sleep Company, said that when the company launched five-and-a-half years ago, new brands were entering the market every two to three months. However, most of those no longer exist or have been acquired, and she expects the trend of consolidation to continue. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Berlin to Bharuch: The Borosil journey after the China hit in Europe FIIs are exiting while retail investors stay put. Will a costly market make them pay? BlackRock returns, this time with Ambani. Will it be lucky second time? Paid less than plumbers? The real story of freshers' salaries at Infy, TCS. Stock Radar: Down 27% from highs! Hero MotoCorp stock shows signs of momentum after breaking out from 11-week consolidation For those prepared for the long game: 5 mid-cap stocks from different sectors with an upside potential of 14 to 33% in one year Financial services: Time to look at a new set for the next cycle? 5 stocks from the financial services space with upside potential of up to 37% These 8 banking stocks can give more than 29% returns in 1 year, according to analysts


Economic Times
3 minutes ago
- Economic Times
Fintech lender Zype raises Rs 90 crore in round led by Japanese VC fund Unleash Capital Partners
Mumbai-based digital lending startup Zype has raised Rs 90 crore in a fresh funding round led by Japanese venture capital firm Unleash Capital Partners. Existing investor Xponentia Capital also participated in the round. This round comes after the 2022-founded startup raised its first major institutional round of Rs 146 crore last year, thereby bringing the total equity raised to Rs 236 crore. Unitus Capital was the exclusive advisor for the transaction, the company said in a statement. Zype received a non-banking finance company (NBFC) licence in 2023 and, since then, has been disbursing loans from its books. Its current assets under management (AUM) stands at Rs 400 crore, and since its inception, it has disbursed Rs 1,300 crore. Competing with the likes of Fibe and Kreditbee, Zype extends unsecured personal loans but only caters to young salaried consumers. Its borrowers have typically used Zype for wedding expenses, home repair, and health emergencies in their families. 'We have grown this business in a measured and profitable manner. With the new raise, we are good to grow for the next 12-18 months without the need for a fresh equity round,' said Yogi Sadana, founder, Zype. Sadana was previously the chief executive officer of fintech lending startup, Cashe. He quit Cashe to start his own digital lending business in June the NBFC is not yet rated by credit rating agencies, Sadana said that with the new capital raise and some scale-up of business operations, he is looking to get ratings, which will help him source credit lines from more banks and the startup is at an annual recurring revenue run rate of Rs 150 crore and is growing profitably month-on-month (MoM). Sadana said that while the startup did not report net profit for FY25, given that it broke even only in the last quarter, from FY26 the company will report net profit at the end of the to data from business intelligence platform Tracxn, Zype closed FY24 with a net operating revenue of Rs 20.3 crore and a net loss of Rs 7.3 crore. This funding round comes at a time when consumer lending startups are trying to shake off the tough few months of November to February, when traditional lenders slowed down lending to fintech startups. With the interest rate cycle turning favourable and the festive season coming up, the sector is hopeful of good growth over the coming months. ET reported on August 5 that Fibe is looking to close a $35 million funding round from IFC. Sadana is also hopeful of good business over the festival season, when consumption trends pick up, and the holiday season, when people tend to spend more. 'We have a 250-member team already, with a special focus on technology and keeping collections in-house,' Sadana said. 'We have even built an AI lab internally to work on cutting-edge technologies,' he added.


Time of India
5 minutes ago
- Time of India
Fintech lender Zype raises Rs 90 crore in round led by Japanese VC fund Unleash Capital Partners
Mumbai-based digital lending startup Zype has raised Rs 90 crore in a fresh funding round led by Japanese venture capital firm Unleash Capital Partners . Existing investor Xponentia Capital also participated in the round comes after the 2022-founded startup raised its first major institutional round of Rs 146 crore last year, thereby bringing the total equity raised to Rs 236 Capital was the exclusive advisor for the transaction, the company said in a received a non-banking finance company ( NBFC ) licence in 2023 and, since then, has been disbursing loans from its books. Its current assets under management (AUM) stands at Rs 400 crore, and since its inception, it has disbursed Rs 1,300 with the likes of Fibe and Kreditbee , Zype extends unsecured personal loans but only caters to young salaried consumers. Its borrowers have typically used Zype for wedding expenses, home repair, and health emergencies in their families.'We have grown this business in a measured and profitable manner. With the new raise, we are good to grow for the next 12-18 months without the need for a fresh equity round,' said Yogi Sadana, founder, Zype. Sadana was previously the chief executive officer of fintech lending startup, quit Cashe to start his own digital lending business in June the NBFC is not yet rated by credit rating agencies, Sadana said that with the new capital raise and some scale-up of business operations, he is looking to get ratings, which will help him source credit lines from more banks and the startup is at an annual recurring revenue run rate of Rs 150 crore and is growing profitably month-on-month (MoM). Sadana said that while the startup did not report net profit for FY25, given that it broke even only in the last quarter, from FY26 the company will report net profit at the end of the to data from business intelligence platform Tracxn, Zype closed FY24 with a net operating revenue of Rs 20.3 crore and a net loss of Rs 7.3 funding round comes at a time when consumer lending startups are trying to shake off the tough few months of November to February, when traditional lenders slowed down lending to fintech startups. With the interest rate cycle turning favourable and the festive season coming up, the sector is hopeful of good growth over the coming months. ET reported on August 5 that Fibe is looking to close a $35 million funding round from is also hopeful of good business over the festival season, when consumption trends pick up, and the holiday season, when people tend to spend more.'We have a 250-member team already, with a special focus on technology and keeping collections in-house,' Sadana said. 'We have even built an AI lab internally to work on cutting-edge technologies,' he added.