An Indian MLM firm, called ‘Nuva’ or ‘natura’, is launching an MLM scheme in the country.
This is the first time that a company is making its MLM offerings in India.
The firm, which is owned by a Bengaluru-based company called ‘Coca-Cola India’, aims to provide a new form of employment for youth.
The ‘Nuvada’ scheme has been launched by the company in collaboration with the National Youth Development Council (NYDC).
According to the company, the programme aims to create a career opportunity for those under 18 years old.
The programme aims at giving young people an opportunity to take a course of study.
“The scheme provides a training course for students and a job offer for them,” Nuvada CEO K Srinivasan said.
“There are opportunities for them to find employment in industries and provide them with employment opportunities.
The scheme provides employment for people under 18.
We have partnered with NYDC for this.
We are also partnering with the city and local governments.”
The company, which was founded in 2014, has already raised about Rs 5 crore in the first round of funding.
‘Nuvadas’ has raised Rs 2.8 crore in its first round.
The company has already booked investments in manufacturing, logistics and marketing.
“We are working with various governments to launch the programme and bring it to a larger scale.
We plan to invest about Rs 10 crore in this programme,” said Mr Srinaval.
“The scheme will give youngsters an opportunity and make it affordable for them.”‘
Nuvas’ has also partnered with local government, and is hoping to have its first batch of students in the city by March next year.
“We have partnered up with various government agencies.
We hope to get the first batch in the next three months,” said Srinav.