MONEY PLANT
Outlook Business|April 2024
Firms are popping up to help people and companies plant saplings. Reasons for this green consciousness range from earning carbon credits to a desire to fight deforestation
Naina Gautam
MONEY PLANT

On the northern outskirts of Mumbai, a red heart is painted on a green board. On the heart is written Taimur Ali Khan Pataudi Forest. The board is on the edge of a forest that actor Kareena Kapoor Khan had planted when her son Taimur turned one in 2017.

Mumbai-based dietician Rujuta Diwekar had helped Khan in creating this green patch. Diwekar wrote on Instagram: "The forest has about 100 trees on a 100 sq ft plot. The trees are as young as Taimur, even younger, actually each of them is a local, native, climate resilient species..." It is not only celebrities who are going green. Take the example of Delhi-based artist Smriti Chaturvedi Shankar who has planted saplings to mark her son's birthday. "I planted a few trees in farmlands with the help of farmers. It is a way of giving back to nature," she says.

Planting trees is trending and entrepreneurs have sniffed a business opportunity. Not just birthdays but also on Valentine's Day and Women's Day. A popular tree-planting website, recently, offered to plant trees on the occasion of the pran pratishtha ceremony of the Ram temple in Ayodhya.

The site charges Rs 199 for a single sapling and Rs 14,925 for 75 trees for birthdays. Prices are bumped up on occasions such as Valentine's DayRs 299 for one and Rs 2.99 lakh for 1,000 trees. Planting for a once-in-alifetime event is more expensive.

Business is Booming

India Inc. too has taken up tree planting in a big way. Clients include companies that have active corporate social responsibility (CSR) funds, want to meet environmental, social and governance (ESG) compliances and chase carbon credits.

"Companies are increasingly publishing sustainability reports to communicate their environmental and social performance to stakeholders," says Nidhi Singh, chief executive and co-founder of Pune-based tree-plantation company Grow Billion Trees.

Bu hikaye Outlook Business dergisinin April 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Outlook Business dergisinin April 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

OUTLOOK BUSINESS DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Scale Stimulus
Outlook Business

Scale Stimulus

For technology start-ups, growth funding serves as the catalyst to scale, innovate, expand into new markets and make critical hires. New capital brings strategic value through investor expertise and industry network, customer introductions, helps maintain operational efficiency and mitigate cashflow challenges.The landscape of venture and growth financings in India has undergone a major shift since the pre-Covid era. The pandemic gave rise to a low-interest rate environment which saw an unprecedented inflow of capital into Indian start-ups with a very strong focus on high growth, often at the cost of high burn. Post-pandemic, the environment has seen a significant shift in focus towards sustainable growth, profitability and efficient unit economics.

time-read
3 dak  |
February 2025
The Best Valuation Need Not Be the Highest
Outlook Business

The Best Valuation Need Not Be the Highest

Info Edge founder and veteran start-up investor Sanjeev Bikhchandani talks to Deepsekhar Choudhury about high valuations and corporate governance in start-ups. Edited excerpts

time-read
3 dak  |
February 2025
GCCS Shaping Start-Ups
Outlook Business

GCCS Shaping Start-Ups

The remarkable journey of global capability centres (GCCs) in India continues to set new benchmarks, enriching the nation's economic narrative.

time-read
3 dak  |
February 2025
Behind the Scenes
Outlook Business

Behind the Scenes

Evaluating start-ups is more than number crunching. While some factors are quantifiable, many are more nuanced. Here's a sneak peek inside the war room from where the rankings emerged

time-read
4 dak  |
February 2025
Start-Ups have Generated 17.28 Lakh Direct Jobs
Outlook Business

Start-Ups have Generated 17.28 Lakh Direct Jobs

Amardeep Singh Bhatia, secretary, department for promotion of industry and internal trade (DPIIT) tells Pushpita Dey about the government's various schemes to give start-ups a leg up.

time-read
3 dak  |
February 2025
On the Road Less Travelled
Outlook Business

On the Road Less Travelled

Our entrepreneurial journey as the founders of the CarDekho group proves the fact that ambition and ingenuity can flourish in the most unexpected places.

time-read
4 dak  |
February 2025
Being Local Matters
Outlook Business

Being Local Matters

India's rapidly evolving consumer market, backed by a young, progressive population and a flourishing middle class, is a landscape of opportunity and complex challenges.

time-read
4 dak  |
February 2025
CELEBRATING EXCELLENCE: OUTLOOK BUSINESS SPOTLIGHT - ACHIEVERS AWARDS 2024
Outlook Business

CELEBRATING EXCELLENCE: OUTLOOK BUSINESS SPOTLIGHT - ACHIEVERS AWARDS 2024

Recognizing Visionaries Who Inspire Growth, Innovation, and Progress

time-read
6 dak  |
February 2025
At the End of the Day, You Bet on Founders
Outlook Business

At the End of the Day, You Bet on Founders

Zerodha founder and chief executive Nithin Kamath tells Deepsekhar Choudhury that the philosophy of a company is what sets it apart and makes it special. Edited excerpts

time-read
3 dak  |
February 2025
Time to Go Global
Outlook Business

Time to Go Global

India's defence and space start-up ecosystems have witnessed exponential growth in recent years, with over 1,000 defence and 250 space start-ups driving deep-tech innovation. Government initiatives such as Innovations for Defence Excellence (iDEX), positive indigenisation lists and allocation of 75% of the defence capital budget for domestic procurement, along with support from Indian National Space Promotion and Authorisation Centre (InSpace), have created vast opportunities.

time-read
4 dak  |
February 2025