New Delhi, 07 February 2023: HUMBEE app, an offering of 20.95 Ventures – a goodness platform in India, announced today that it has collaborated with Welspun Corp Limited (WCL). The company and its channel partners will be registered on the app.
Through this strategic collaboration with WCL, HUMBEE aims to facilitate transactions between WCL, and its value chain partners like dealers, distributors, retailers, masons, workmen etc. while also providing them with a social security cover.
Commenting on the collaboration, Navin Tewari, Founder & Chief Navigator – 20.95 Ventures said, “We are excited to collaborate with Welspun, one of the most respected corporate groups in the country and worldwide. HUMBEE enables value-chain partners like dealers, distributors, retailers, masons, workmen, and more to record their transactions, get rewarded, and receive recognition for their contributions. Parallelly, it empowers corporates to navigate their welfare programs and enables them to have a measurable business outcome. Collaboration with a large group like Welspun, the reach and hence the impact on the significant value chain partners will be massive.”
Mr Vipul Mathur, Managing Director and Chief Executive Officer, Welspun Corp Ltd. said, “We have been reaching out to various contributors in our operations, but as they are mostly fragmented, a cohesive approach was a challenge. HUMBEE simplifies that completely by organising value chain partners on one platform, verifying their identity and making it easy for corporates like us to channelise our welfare intent concretely.”
HUMBEE is a simple and easy-to-use mobile application that enables corporates across industries to meaningfully channelise their welfare intent and promote inclusive growth by bringing the unorganised and fragmented value chain partners on this integrated, benefits-based platform. It is the perfect medium to steer the welfare initiatives of Industries and Government to the deserving yet overlooked and underserved beneficiaries with complete traceability for significant Impact.
20.95 Ventures is the global pioneer that facilitates the welfare of business communities through a goodness platform called, HUMBEE. It is on a mission to address two widespread gaps – the need for basic social security benefits and much more for overlooked participants of the manufacturing value chain, and the need for an integrated mechanism for manufacturers to appropriately channelise their welfare intent to promote inclusive growth.
Powered by leading-edge technology, the platform facilitates tangible business outcomes with significant measurable social impact. It enables value chain partners like dealers, distributors, retailers, workmen, and more to register themselves on an integrated & industry agnostic platform and also record their contributions toward various products/industries at one common platform to benefit from integration and composition of their contribution. This, in turn, empowers corporates to recognize the partners’ role in business growth and reward them accordingly in the form of benefits based on social security and other benefits viz. golden age pension plan, life cover, mediclaim, child education, and more. The app already has thousands of users logging in the volumes they are transacting and is gaining popularity steadfastly. Over the next few years, the company aims to support corporates across industries to reach 15 – 20 million families and provide them with social security benefits and much more.
About Welspun Corp Ltd. (WCL)
Welspun Corp Ltd. (WCL), a flagship company of the global conglomerate ‘Welspun Group’, is one of India’s fastest-growing multinationals with a leadership position in line pipes, home textiles, infrastructure, warehousing, retail, advanced textiles, and flooring solutions.
WCL is a one-stop service provider offering end-to-end pipe solutions ranging from 1½ inches to 143 inches. The Company’s ever-expanding goals and targets have helped them reach out to several parts of the world – six continents and fifty countries – where they’ve successfully supplied pipes to numerous critical projects globally, both for offshore and onshore applications.
Welspun Corp Ltd. is synonymous with great quality and an impeccable execution track record, coupled with world-class technology and innovation. Their line pipe capabilities encompass HFW (High-Frequency Welded), HFIW (High-Frequency Induction Welded), HSAW (Horizontal Submerged Arc Welded), and LSAW (Longitudinal Submerged Arc Welded). The Company also manufactures BIS Certified Steel Billets and TMT Rebars, Direct Reduced Iron, Stainless-Steel Pipes, Tubes & Bars.
Additionally, they have forayed into the production of Pig Iron & the manufacture of DI Pipes, catering to growing water infrastructure requirements.