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CHENNAI: Consistent 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 situations.
Zoho’s funding is aimed toward serving to Genrobotics obtain the size wanted to eradicate guide scavenging in India and supply security and dignity to staff within the sanitation and oil and fuel industries.
Genrobotics’ merchandise are utterly designed and manufactured within the nation and its major providing is the Bandicoot robotic, a robotic scavenger, which helps clear confined areas corresponding to sewers manholes, sewer wells, storm water manholes, oily water sewers and storm water sewers in refineries. The Trivandrum-based startup has additionally just lately ventured into healthcare and launched a robot-assisted gait coaching answer—G Gaiter—to assist restoration of individuals with paraplegia. The funding shall be used to develop R&D infrastructure, construct large-scale manufacturing services, rent extra expertise, and enhance the startup’s exports to ASEAN markets.
“Nurturing a thriving deep-tech ecosystem in India is one in every of Zoho’s priorities, and the funding in Genrobotics is a continuation of that dedication,” Sridhar Vembu, CEO and co-founder of Zoho Corp, mentioned. “Constructing such technological competencies and important know-how domestically may also help foster sustainable development throughout key sectors, like industrial manufacturing, healthcare, and power, in flip making the nation economically stronger and self-reliant.” When quizzed on Zoho’s plans to get into lively deep tech investing , Vembu mentioned they search for corporations 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 remove guide scavenging from India. We’re assured that having Zoho as our investor shall be a terrific assist, 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, mentioned. “With the intention to finish guide scavenging in India, multiple lakh robots shall be required. As we scale to fill the necessity hole, we estimate creation of practically 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 slightly over Rs 3 crore in prior rounds. . The startup, by its #MissionRobohole, claims to have rehabilitated tons of of people that have been working as guide scavengers by coaching them to be robotic operators.
Zoho’s funding is aimed toward serving to Genrobotics obtain the size wanted to eradicate guide scavenging in India and supply security and dignity to staff within the sanitation and oil and fuel industries.
Genrobotics’ merchandise are utterly designed and manufactured within the nation and its major providing is the Bandicoot robotic, a robotic scavenger, which helps clear confined areas corresponding to sewers manholes, sewer wells, storm water manholes, oily water sewers and storm water sewers in refineries. The Trivandrum-based startup has additionally just lately ventured into healthcare and launched a robot-assisted gait coaching answer—G Gaiter—to assist restoration of individuals with paraplegia. The funding shall be used to develop R&D infrastructure, construct large-scale manufacturing services, rent extra expertise, and enhance the startup’s exports to ASEAN markets.
“Nurturing a thriving deep-tech ecosystem in India is one in every of Zoho’s priorities, and the funding in Genrobotics is a continuation of that dedication,” Sridhar Vembu, CEO and co-founder of Zoho Corp, mentioned. “Constructing such technological competencies and important know-how domestically may also help foster sustainable development throughout key sectors, like industrial manufacturing, healthcare, and power, in flip making the nation economically stronger and self-reliant.” When quizzed on Zoho’s plans to get into lively deep tech investing , Vembu mentioned they search for corporations 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 remove guide scavenging from India. We’re assured that having Zoho as our investor shall be a terrific assist, 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, mentioned. “With the intention to finish guide scavenging in India, multiple lakh robots shall be required. As we scale to fill the necessity hole, we estimate creation of practically 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 slightly over Rs 3 crore in prior rounds. . The startup, by its #MissionRobohole, claims to have rehabilitated tons of of people that have been working as guide scavengers by coaching them to be robotic operators.
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