Startup raises ₹110 cr for coating to make sauce slide out
MIT spinoff startup LiquiGlide has raised $16 million (approximately ₹110 crore) to make its patented slippery coatings that make products like ketchup and toothpaste easily slide out of their containers. LiquiGlide's Co-founders claim that such a coating will also eliminate the need to wash out containers. The startup made its debut at MIT's business plan competition 'MIT $100K' in 2012.