Oxigen wallet and Payback

Oxigen’s founder, Pramod Saxena (an IIT Roorkee Alumnus) is heading into to the startup world by setting up an innovation center called Idea Lab at IIT-Roorkee and Greater Noida campus through a Start up advisory firm named “Aarambh Ventures”.

Mr. Pramod Saxena, a visionary, with 4 decades of rich experience over diverse fields is also an Investor and mentor in early stage seed funds viz Unitus Seed Fund and IvyCap Ventures.


Aarambh Ventures accelerator program is supported by several VCs, serial entrepreneurs, mentors, domain experts and industry veterans including Unitus Seed Fund, Omnivore Partners, IvyCap, LetsVenture, Design for Use, to name a few. The Aarambh accelerator identifies, support and grow startups in Technology/Mobile, Health, Agriculture, Clean Tech/Energy, IoT, AI, Big Data & Fin- Tech.

Indian Institute of Technology, Roorkee and Aarambh Ventures have signed a MoU to foster and promote the spirit of entrepreneurship among the students of IIT Roorkee. As part of this partnership, Aarambh Ventures will set up an Idea Lab and Accelerator at IIT-R Roorkee & Greater NOIDA campuses respectively.

Main objective of this partnership is to help students develop their ideas in ways that are customer-centered and market-relevant. “They may have ideas that need a bit more work or are looking to bounce the idea off to experts. Either way, Idea Lab will provide ways to push their thinking further,” said Prof. Pradipta Banerji, Director, IIT Roorkee.  “Our goal is to have 100 entrepreneurs coming out of this Idea Lab in next three years. We are extremely supportive of Aarmabh Ventures’ efforts to develop ideation space for IIT Roorkee’s budding entrepreneurs.”

“Aarambh seeks to help entrepreneurs drive sustainable economic growth and innovation, thus making Digital India real.  The Leadership team at Oxigen, being its first set of mentors, will fuel the growth of Fin – tech startups at the Idea Lab through Aarambh Ventures. This effort while encouraging young entrepreneurs, will further strengthen innovation at Oxigen Wallet alongside deepening its relationship with startups,” said Pramod Saxena, Chairman & Managing Director, Oxigen Services.

The world-class facility at Idea Lab, opening in late 2016 at IIT Roorkee Campus, will provide a congenial environment to promote original thinking & collaborative infrastructure that is needed to succeed in the 21st century knowledge economy.

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