While most of the initial investment of Rs.20 lakh came through winning competitions like Eureka at IIT Bombay in January 2015 and Masterplan at IIM Ahmedabad, the rest was raised from Ram Fashion Exports and through crowdfunding. “It was a very organic way for us to collaborate with Green Sole since we both work with the same product. Green Sole hits many targets with one aim,” says Nitesh Bhasin, director, Ram Fashion Exports. For Green Sole, the association has provided the necessary equipment for R&D, helping bring down production costs. “Our running costs are low unlike other start-ups,” says Bhandari, adding that others only begin to worry about this when they start growing. Among the many contributors in crowdfunding, Keith Rollag, associate professor of management, Babson College, says, “As a teacher, I have seen many students starting their own ventures. But, this model has an important social aspect to it.”