CHENNAI: In step with its mission to nurture deep tech options, Zoho Corp has invested Rs. 20 crore in Genrobotics, a startup constructing robotics and AI-powered options to assist deal with hazardous working circumstances.
Zoho’s funding is aimed toward serving to Genrobotics obtain the dimensions wanted to eradicate handbook scavenging in India and supply security and dignity to employees within the sanitation and oil and fuel industries.
Genrobotics’ merchandise are fully designed and manufactured within the nation and its major providing is the Bandicoot robotic, a robotic scavenger, which helps clear confined areas similar to sewers manholes, sewer wells, storm water manholes, oily water sewers and storm water sewers in refineries. The Trivandrum-based startup has additionally not too long ago ventured into healthcare and launched a robot-assisted gait coaching resolution—G Gaiter—to assist restoration of individuals with paraplegia. The funding might be used to increase R&D infrastructure, construct large-scale manufacturing amenities, rent extra expertise, and enhance the startup’s exports to ASEAN markets.
“Nurturing a thriving deep-tech ecosystem in India is one among Zoho’s priorities, and the funding in Genrobotics is a continuation of that dedication,” Sridhar Vembu, CEO and co-founder of Zoho Corp, stated. “Constructing such technological competencies and significant know-how domestically might help foster sustainable progress throughout key sectors, like industrial manufacturing, healthcare, and vitality, in flip making the nation economically stronger and self-reliant.” When quizzed on Zoho’s plans to get into energetic deep tech investing , Vembu stated they search for firms that share sure similarities with Zoho- a long-term R&D focus, and founders who’re dedicated to remain the course.
“Zoho Corp. is a reputed group and we’re extraordinarily happy to be backed by them in our mission to get rid of handbook scavenging from India. We’re assured that having Zoho as our investor might be an incredible help, because it’s an organization that, like us, additionally focuses on the betterment of the general public,” Vimal Govind M Okay, MD and CEO, Genrobotics, stated. “As a way to finish handbook scavenging in India, a couple of lakh robots might be required. As we scale to fill the necessity hole, we estimate creation of almost five-lakh jobs throughout the nation,” he added.
Launched in 2017, Genrobotics has been beforehand backed by Anand Mahindra, Rajan Anandan, Unicorn India Ventures and SEA funds and it has raised a bit over Rs 3 crore in prior rounds. . The startup, by its #MissionRobohole, claims to have rehabilitated lots of of people that had been working as handbook scavengers by coaching them to be robotic operators.
Zoho’s funding is aimed toward serving to Genrobotics obtain the dimensions wanted to eradicate handbook scavenging in India and supply security and dignity to employees within the sanitation and oil and fuel industries.
Genrobotics’ merchandise are fully designed and manufactured within the nation and its major providing is the Bandicoot robotic, a robotic scavenger, which helps clear confined areas similar to sewers manholes, sewer wells, storm water manholes, oily water sewers and storm water sewers in refineries. The Trivandrum-based startup has additionally not too long ago ventured into healthcare and launched a robot-assisted gait coaching resolution—G Gaiter—to assist restoration of individuals with paraplegia. The funding might be used to increase R&D infrastructure, construct large-scale manufacturing amenities, rent extra expertise, and enhance the startup’s exports to ASEAN markets.
“Nurturing a thriving deep-tech ecosystem in India is one among Zoho’s priorities, and the funding in Genrobotics is a continuation of that dedication,” Sridhar Vembu, CEO and co-founder of Zoho Corp, stated. “Constructing such technological competencies and significant know-how domestically might help foster sustainable progress throughout key sectors, like industrial manufacturing, healthcare, and vitality, in flip making the nation economically stronger and self-reliant.” When quizzed on Zoho’s plans to get into energetic deep tech investing , Vembu stated they search for firms that share sure similarities with Zoho- a long-term R&D focus, and founders who’re dedicated to remain the course.
“Zoho Corp. is a reputed group and we’re extraordinarily happy to be backed by them in our mission to get rid of handbook scavenging from India. We’re assured that having Zoho as our investor might be an incredible help, because it’s an organization that, like us, additionally focuses on the betterment of the general public,” Vimal Govind M Okay, MD and CEO, Genrobotics, stated. “As a way to finish handbook scavenging in India, a couple of lakh robots might be required. As we scale to fill the necessity hole, we estimate creation of almost five-lakh jobs throughout the nation,” he added.
Launched in 2017, Genrobotics has been beforehand backed by Anand Mahindra, Rajan Anandan, Unicorn India Ventures and SEA funds and it has raised a bit over Rs 3 crore in prior rounds. . The startup, by its #MissionRobohole, claims to have rehabilitated lots of of people that had been working as handbook scavengers by coaching them to be robotic operators.
