Home News & Article MT News LOONYMART clinches national level Project idea competition ‘Innopreneurs 2015’

LOONYMART clinches national level Project idea competition ‘Innopreneurs 2015’


LoonyMart Online Solutions Private Limited has been selected for the B-Plan competition ‘Innopreneurs 2015, a national level Project idea competition, among the top colleges of India like IIMs JBIMS (Jamnalal Bajaj Institute of Management Studies).

Organized jointly by city-based innovations firm Lemon Ideas and the entrepreneurship cell of Institute of Management and Technology (IMT), Nagpur, Abhishek Gupta, head, TLabs, Delhi, handed over the Award to the team members of LOONYMART on February 22 during the award presentation ceremony held at Nagpur. The business project /idea prepared by LOONYMART was selected among the top five projects by the panel of jury comprising James Joseph, founder of JackFruit365.com and Lokesh Venkatswamy, MD of Innomantra Consulting.

LoonyMart Online Solutions Private Limited is an online service platform, where weavers, artisans and craftsmen are directly connected with the consumers. This start-up company was started by a group of students, studying in a local engineering college in Bangalore.

The company is a venture initiated by a dedicated team consisting of good mix of Technical and Marketing students and graduates. There are eight members in the team hailing from Manipur, Meghalaya, West Bengal and Bihar. Among the team, Niranjoy Nongthombam – Public Relation and Film Maker, a B.B.M. graduate from Bangalore University represents Manipur.

The national level Project idea competition ‘Innopreneurs 2015’ was organized with the theme ‘Ideas for a better India’. We were shocked by the information that out of 80 participants from all over the India only25 team were selected for the competition and the Biz project framed by LOONYMART team was selected among the top five projects. We were told to present and pitch in front of the Investors and hundreds of people. In the event the guys from Jackfruit 365, TLABS were the acting judges. And from the Loonymart side it was the first pitching competition we have ever been, informed Niranjoy Nongthombam, key team member of LOONYMART.


It was a hard and tough competition at the same time we were so excited to expose our idea to the world. Unfortunately, we couldn’t win the competition but with our potential and hard work we place at 4th and received some awards of best performance. It was our first experience though we were happy enough to be in the Top Finalist teams from all over the India. We have learned a lot of good things, interaction with different people, sharing ideas and also people were excited to see ideas from Northeast India, they were appreciating our noble ideas and they liked to collaborate with us and connection with our team. There were many teams coming with promising ideas team like Junta Chaupal, Sweet inbox etc. The event story was featured in Times of India too. And most of all we had a great experience and earn knowledge. We hope for the better platform in the future and will be participating in more events.

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