tech STARTUPS GRADUATED from IITMIC and RTBI
Ather Energy Private Limited Funds raised: Seed funding from IITMIC and RTBI, angel funding by Raju Venkatraman (CEO, Medall) & V Srinivas (founder, Aerospike), $1M seed series by Flipkart Founders (2014); $12M Series A by Tiger Global (2015); $30.5M investment by Hero MotorCorp (Oct'16) In-house R&D Certified by DSIR Planys Technologies Private Limited Founders: TANUJ JHUNJHUNWALA, VINEET UPADHAY, RAKESH SIRIKONDA, Prof PRABHU RAJAGOPAL & Prof KRISHNAN BALASUBRAMANIAN
(IITM alumni, 2014 & Faculty members)
What it offers?
Design & manufacture compact underwater vehicles for immersed structure inspection & environmental survey. Integrate advance marine robotics with the next-generation inspection techniques, to provide an efficient, safe and reliable indigenous solutions for challenging underwater and immersed conditions. Current clients: PSUs & corporates in Maritime (Ports, Terminals, Shipping), Infrastructures (Dams & Bridges) & Energy (Oil & Gas, Power, Hydroelectric) sectors. Visit us online
Funds raised: Ministry of MSME (GoI) Grant (Dec'15); $260k (Rs 1.75 crore) angel investment by Keiretsu Forum, Chennai & Singapore Chapters (Dec 2015); Rs 1.5crore grant-in-aid from BPCL under the Oil PSU's Startup scheme 'Project Ankur' (Nov 2017); Rs 14 crore ($2.1 M) in Series A Investment from ONGC, Ranjan Pai's MEMG Family Office, Kris Gopalakrishnan's (Co-Founder, Infosys) Pratithi Trust and HNIs (Feb 2018)
InnoNano Research Private Limited Founder: Prof. T Pradeep
(IITM Faculty)
Domain: water treatment, nanotechnology
What it offers?
Nanomaterial based water purification technology, which has been widely deployed in India. Product: AMRIT - arsenic and metal decontamination of water undergoing installation in the arsenic- and iron-affected regions of the Murshidabad District, West Bengal, and currently serving 1,00,000+ people. Investments: $ 18M (₹120 crore) investment by NanoHoldings LLC (May 2016) - company acquired
Cygni Energy Private LimitedDomains: Renewables, energy efficient Equipments, Solar-DC, Energy Management What it offers? Cygni provides various Solar-DC and DC micro-grid solutions. Innovations: reduces power conversion & losses upto 50% in comparison to typical Solar AC system; Eliminates the risk of electric shock & fire accidents as this falls under Low Voltage DC (LVDC) standard; Integrates AC grid, Solar DC and Battery back-up seamlessly for Uninterrupted Power Back-up. Cygni recently completed 4000 solar DC off-grid installation in Rajasthan and building pioneering DC Microgrid city in Bihar (Sasaram). Visit us online Funds raised: Series A investment (Aug 2018); Rs 10crore seed series investment (2017); Seed investment by RTBI (2016)Revenue: INR 29 crore in FY16-17 In-house R&D Certified by DSIR Products:  ERA Inverterless controller: designed for off-grid or near off-grid homes. DC micro-grid can support upto 500W of load. DASH controller: unique solar controller to power Offices, urban Commercial complexes, Factories, etc. (supports load till 2.5KW and multiples thereof). AC-DC converter: Highly efficient AC to DC converters to be used with DC appliances (saves 40-60% energy). Hyperverge Inc(IITM alumni, 2012, 2014 & 2015) Domain: Computer Vision, Machine Learning, Cloud and Data. What it offers? HyperVerge uses deep-learning to analyse and organise photos across all devices. Silver, the first smartphone app developed by the company, helps users automatically organise their photos, eliminate poor quality photos and duplicates, and share their best photos. Visit us online Funds raised: Seed support by IITMIC and $1M seed funding from venture firms NEA, Milliways Ventures and Naya Ventures (2015) DocsApp - (Phasorz Technologies Private Limited)(IITM alumni, 2012) What it offers? DocsApp is a mobile app for patients to seek online consultation from specialist doctors. Patients can also get lab tests and medicines delivered at home seamlessly through the app after the doctor consultation. Investments: seed support by IITMIC, Angel investment by GSF India, Seed Funding of $200K from Milliways Ventures & Krishnan Ganesh (2015), $1.2M (Rs 8 crore) from Facebook's early investors Anand Rajaraman and Venky Harinarayan, & Japanese VC firm Rebright Partners (Apr 2016), $5.5M (Rs 36 crore) Series A investment by Bessemer Ventures Partner (Oct 2017) Air OK Technologies Private Limited (IITM Alumni - 2014, 2015) What it offers? Developing indoor smart air purifier. Provides cost-effective and efficient technological solutions for air quality management issues in industries, urban built environment and waste management sites. Development of decision support systems for air quality management at industries/urban/local areas. Visit us online Funds raised: Seed funding by IITMIC; Rs 12 crore in Series A from SAR Group (Nov'17) Intellizon Energy Private Limited(IITM alumnus)
What it offers?
Creating tech products for indoor and outdoor lighting using lithium ion battery combined with LED and solar. Intelizon is a pioneer in the design of inbuilt Lithium Ion battery based solar street lights solutions which are much more reliable than the conventional lead acid based streetlights & provides a wireless lighting solution. Have also launched 48V solar DC lighting solutions for indoor residential and commercial segments. Visit us online
Invention Labs Engineering Products Private LimitedWhat it offers? Makes products for persons with communication disorders. First product - Avaz - helps persons with cerebral palsy to communicate in an independent manner. Current product: FreeSpeech a revolutionary grammar prediction engine which allows users to build sentences & learn languages; helps autistic kids communicate complicated sentences. Markets: US, Denmark and India Link Investments: $1M in Series A investment (2016); $0.5M from Inventus Capital & Mumbai Angels and other angels like Google India MD, Rajan Anandan and Sierra Atlantic founder, Raju Reddy (2014) Docswallet (Tharakan Web Innovations Private Limited)Founders: AVIRA THARAKAN & THOMAS THARAKAN  What it offers?
Docswallet - a Blockchain Digital Locker Services platform for online storage, verification & sharing of paper based documents, linking document owners, document issuers and document seeking entities into a single portal. A large number of universities & other organisations in India have already adopted Docswallet. Adobe has partnered with Docswallet Digital Locker Services for providing end-to-end document solutions to its clients.  Funds raised: INR 6 crore Series A investment Edutor Technologies India Private Limited Founder: RAM GOLLAMUDI What it offers? Personalized interactive learning platform - IGNITOR: delivers 'next generation Digital Textbooks' from multiple publishers embedded with rich media, interactive quizzes and weblinks. Market-leaders in the Digital Leaning Space within the Indian sub-continent and now expanding globally with active student deployments in the Middle East & South Africa and strategic engagements with large customers in USA and UK. Visit us online Nadhi Information Technologies Private Limited Founders: KALYAN VAIDYANATHAN & RAVI MUNDOLI (IITM alumni) What it offers?Nadhi is an enterprise software and solutions company developing analytics and decision support solutions for construction supply chains. Their flagship product nPulse is a cloud based online onsite project monitoring, scheduling and control tool. Visit us online Cementing the gap in construction management - Business Line Feature Unilumen Photonics Private Limited Founders: Profs. ANIL PRABHAKAR & BALAJI SRINIVASAN (IITM faculty) What it offers? Specializes in fibre laser technology solutions to industries such as material marking and cutting, and bio-engineering. Product portfolio includes pulsed and continuous wave fibre lasers, and laser drivers. Technology solutions also include packaging, testing and characterization of components and subsystems that are incorporated into fibre lasers. Visit us online Lema Labs Private Limited Founder: KEDAR KULKARNI (IITM alumnus, 2012) What it offers? Lema Labs provides Robotics education to local colleges. Has developed specialized Robotics kits to enable learning. Visit us online.  Kaizen Robotics program: A 2 year long program, which contains Basic modules in Robotics and Advanced modules in computer vision, control systems, machine learning, industrial automation & cloud deployment. Funds raised: Seed funding by IITMIC and RTBI Co-incubatee of RTBI MobilTrain Knowledge Services Private Limited Founder: GAYATHRI SRIRAM What it offers? Leverages mobile technology to offer training services in healthcare, education, employability skills, on the job training and more. 1000Lookz - (VDime Innovative Works Private Limited) Founder: VASAN SOWRIRAJ (IITM alumnus, 2006) What it offers? 1000Lookz is a virtual makeover technology application based on facial image recognition technology. The application allows customers to try on cosmetic items like eye shadow, foundation, lipstick, nail polish etc. on their own photograph. The virtual hair studio- MIDAS helps hair stylists show various hair styles and colors to customers on their own photo. Visit us online "Best Mobile Enterprise Product or Service" - IAMAI & Microsoft BizSpark StartUp challenge winner. "VDime is in top 10 product companies in Nasscom Emerge 50 for 2014" Greenvironment Innovation and Marketing India Private Limited Co-Founder: VARUN SRIDHARAN Domain: Smart Water & Wastewater Management What it offers? An environmental engineering company focused towards providing Real-time monitoring, reporting & troubleshooting of water distribution & treatment systems using IoT based instrument and field level data collection by mobile app, information processed on cloud server for troubleshooting alerts. (deck) Visit us online Funds raised: Seed funding by IITMIC and RTBI; Angel Investment Microspin Machine Works Private Limited Founder: L KANNAN (IITM alumnus, BTech 1988) Domain: Textile Machinery OEMWhat it offers? Microspin works on commercializing innovative technologies of fibre processing which enables production of premium quality yarn at low investment, along with significantly reduced energy footprint. Microspin's technology is based on a proprietary process, comprising 27 patentable claims that have been upheld by the International Patent Search Authority, Vienna. Textiles produced by this method have gained recognition among leading brands and designers in India and abroad, enabling small producers to gain enhanced value for their produce – short video. The prestigious Brooklyn Fashion + Design Accelerator recently recognized this contribution. Microspin’s offerings are also used as an affordable and convenient platform for developing new blends and for the production of sampling lots. Apart from private enterprises who are using this technology to blend different natural fibers, the Central Silk Board is working with Microspin to adapt the process for “Eri” silk. Visit us online Funds raised: Seed funding by RTBI (Rs 25lac); Angel Investment (Rs 70lac); Debt funding (Rs 4.75cr) Rista Handicrafts Private Limited Founder: JYOTI BUDHIA What it offers? RISTA (Rural Indian Social Traditional Artefacts) is a social startup that works with rural woman artisans to create handwoven home décor out of natural fibers. Rista delivers a wide range of exquisite hand-weaved home décor and gift items made out of natural fibers. They use bio-degradable raw materials such as Cane, Bamboo, Golden Grass and Sabai Grass, processed using traditional ways improvising traditional wisdom of rural artisans. Order products online Funds raised: Seed support by RTBI; Ministry of MSME (GoI) Grant Vastra (Custom Attire (India) Private Limited)Founder: SAJINA RAMESH Domain: Garment manufacturing What it offers? Vastra manufactures and supplies high-end institutional wear to serve the needs of the community in a sustainable manner. Their work force belongs to various Self Help Groups located in rural Tamil Nadu. Vastra supplies uniforms for schools, hotels, industries, security guards, drivers, corporate houses and hospitals. Their factory and production unit in Velachery is equipped with latest equipment to serve the needs of our vast clientele. Visit us online Funds raised: Seed funding by RTBI Rope Enterprises Private LimitedHome furnishing, home decor, storage and lifestyle products uniquely designed and exquisitely handmade or hand woven using eco-friendly materials and processes is specialty of ROPE Home Decor & Lifestyle. Visit us online. ecoLogin Tourism and Travels Private Limited Founder: SRIDHAR LASHMANAN | Uniphore Software Systems Private LimitedSpeech based mobility solutions for enterprises. Uniphore’s solutions integrate speech recognition and voice biometrics with smart devices to deliver an efficient, service delivery platform. As the leader in multi-lingual enterprise voice solutions, Uniphore has pioneered the development of integrated speech-based applications, catering to leaders in several industries, including banking, financial services, healthcare, agriculture, education and retail. Visit us online Investments: Series B investment by Cisco Chief John Chambers & existing investors - IDG Ventures, Indian Angels Network, YourNest (Dec 2017); Series A by Senapathy ‘Kris’ Gopalakrishnan & others Stellapps Technologies Private LimitedDomains: IoT, Agriculture (Dairy farming), Automation What it offers? An end-to-end dairy technology solutions company. Stellapps' innovative applications and state-of-the-art mechanization tools leverage Internet of Things (IoT), Big Data, Cloud, Mobility, and Data Analytics to improve Agri- supply chain parameters, including milk production, milk procurement, cold chain, animal insurance and farmer payments. Visit us online. YouTube Investments: Series B investment lead by IndusAge Partners, Bill & Melinda Gates Foundation, Qualcomm Ventures, & ABB Technology Ventures (Apr 2018); Series A investment by Blume Ventures, Venture Highway, Binny Bansal, Omnivore Capital, BEENEXT & 500 Startups (2017); seed investment by IITM's RTBI and Omnivore (2013) Skillveri Training Solutions Private LimitedWhat it offers? Multi-skill virtual training simulators for manufacturing sector. Current products: Welding simulators to train unskilled welders & make them job ready. Recent feature by Outlook Business Investments: ₹ 8 crore Series A investment by Michael and Susan Dell Foundation (MSDF) and Ankur Capital (Jan 2017), angel investment by Ankur Capital (2015), seed funding by RTBI & IITMIC Dhvani Research & Development Solution Pvt Ltd Co-founder: Prof KRISHNAN BALASUBRAMANIAM (IITM faculty) What it offers? A spin-off from the Centre for Non-destructive Evaluation (CNDE) at IITM, this technology company was formed in 2008 for transferring academic research of CNDE at IITM into products for the industry. The company provides a concept to field experience to customers through innovation in technologies related to non-destructive testing, manufacturing diagnostics, materials characterization, structural health monitoring, simulation & visualization tools, and training. Aibono (Airwood Aerostructures Pvt Ltd)Founder: VIVEK RAJKUMAR (IITM alumnus, 2011) What it offers? India’s first Smart Farming Collective™. Aggregating and turning small farms into smart farms with the help of Internet and AI. The company is primarily focused on providing precision farming input and end-to-end production management advise for fruits & vegetable farmers using Sensors, Cloud Application, Data Analytics, Soil & Ambient Sensors, as well as multispectral crop stress using drone imaging. Visit us online Funds raised: Seed funding from IITMIC & RTBI; Ministry of MSME (GoI) Grant; Undisclosed amount in seed investment by StartupXseed Ventures LLP (backed by former Infosys board members V Balakrishnan and TV Mohandas Pai, Manipal Group scion Ranjan Pai and others) "ET Startup Awards 2017 - Best Social Enterprise" Maximl Labs Private LimitedWhat it offers?
Optimize industrial processes using data science - automate shutdowns in process industries
Product – SyncOps (Synchronizing Operations), a Asset Performance Management software focused on bringing planning, execution, co-ordination and database management of a plant, in one single platform - India's first. Visit us online
Funds raised: Seed funding by IITMIC Pi Beam Labs Private LImited Founders: VISAKH SASIKUMAR & JACOB THAKKEKARA (IITM alumni)  What it offers? Manufactures varients of solar/manual hybrid three wheelers to move goods & passengers for private and public workspace applications. Visit us online. Video link Funds raised: Seed funding by IITMIC & RTBI; Ministry of MSME (GoI) Grant (2015); Rs 1.64 crore angel investment by Keiretsu Forum, Chennai & Singapore Chapters (Dec 2016) GyanData Private Limited Founders: Prof SHANKAR NARASIMHAN & Prof RAGHUNATHAN RENGASWAMY (IITM faculty, Chem Engg) What it offers? Provide data driven solutions across a multitude of sectors such as finance, retail, transportation and process industries. Present focus: product development and consultancy in the fields of Data modelling, Surge analysis, Water Distribution Systems, Process monitoring and control, Fault diagnosis, Decision support systems and other Software applications to process industries. Merkel Haptic Systems Private Limited Founder: Prof M MANIVANNAN (IITM faculty) What it offers? MHS is the first haptics company in India exclusively for touch related technologies, pioneer in providing 3D touch technology solutions in India and abroad, combining academic and industrial experience. It is a spin-off company from IIT Madras Touchlab. MHS is developing a new haptic devices that add high-fidelity virtual reality based training systems. Visit us online Products: Laparoscopy Surgical Simulator and In-Vitro Fertilisation Training Simulator - both with Haptics Feedback Funds raised: Two IPs licensed at $1M to Singapore based firm (2017); seed funding by IITMIC; Ministry of MSME (GoI) Grant (Dec'15)  Mannequin based training simulators for doctorsDesicrew Solutions Private LimitedFounders: SALONI MALHOTR (Director) & MANIVANNAN JK (CEO) Rural BPO Services. Pioneers in the Impact Sourcing space. Company has grown since 2007 and is now over 500 people strong, with operations across more than 10 states in India, and multi-lingual capabilities and customer experience spanning more than 15 industries. Visit us online AKXA Tech Private Limited Founders: Dr RAGHURAJ K. RAO, S. V. RAGHAVAN & AMRITRAJ BHAT (IITB & IITM alumni) Domain: Industrial Process Analytics What it offers? Unique decision support systems (products/services) for automatic analysis of Plant DCS Data using algorithm based smart technology tools which will assist in remote monitoring, diagnosis and optimization of continuous manufacturing processes leading to higher plant productivity and energy efficiency. Product Suits: "OPTIMakx" range of products for systematic monitoring/diagnosis/optimization of Plant Wide process oscillations, PID loop performances, Valve/Damper/VFD/Pump operations. Visit us online Funds raised: Rs 1 crore from promoting company Aqua Alloys Pvt. Ltd., and individual directors Edsix Brain Lab Private Limited Founder: SARAVANAN SUNDARAMOORTHY
Domain: EdTech, E-learning
What it offers?
Edsix is an EdTech company that is revolutionizing the 'Way we Learn' with Higher Order Thinking Skills. The products are a wide range of engaging puzzle based games that enhance critical thinking skills. With the vision of 'no child left behind', the product also addresses children with Special needs. They incorporate gen-next technology that includes Artificial Intelligence and Augmented Reality, which makes them the pioneer in imparting skills. The products include KinderAngels for pre-schoolers, SkillAngels for kids up to 12th grade, BlessedAngels for children with special needs, Intelekt+ for corporates, Super Brain Challenge which is an International Olympiad platform and the ‘HOT’ Summer Champs as our summer camp. is an emerging player in the edutainment industry. Visit us online
Funds raised: Ministry of MSME (GoI) Grant; Seed investment by RTBI, CIIE-IIMA & Village Capital, USA; Rs 2 crore angel investment
Engineering Project Management Consultancy and Research Pvt Ltd Founders: S KAVINKUMAR & PS MUKUNDAN (IITM alumni) What it offers? EPMCR offers civil engineering solutions right from architecture to delivery of the infrastructure facilities to the client. EPMCR offers single point solution for planning, design and construction of all type of building, transportation and water Infrastructures. Visit us online Kamal Kisan (Simple Farms Private Limited)  Founder: DEVI MURTHY What it offers? Funds raised: seed fund by RTBI; seed funding by FISE (Social Alpha) Lex Aude Services Private Limited Founders: VIVEK DURAI & SONIA PRADHAN What it offers? Campus Labs Private Limited Co-founder: ASHISH SRIVASTAVA Domain: ERP for higher education What it offers? Campuslabs is a comprehensive suite of productivity tools for campus users. Some of the top universities in India are using this Campus ERP system. Visit us online Funds raised: Seed funding by RTBI Okapi Advisory Services Private Limited Founders: Prof. ASHWIN MAHALINGAM & Dr JESSICA SEDDON (IITM faculty and external) What it offers? Okapi is an India-based research and consulting group focused on institutional design for complex goals in changing times. They help clients create policies, ecosystems, and organizations that motivate and aggregate individual contributions to broader public purposes. Visit us onlineSwayambhu Biologics Private Limited Founder: R BALAJI Domain: Agriculture & Solid Waste Management What it offers? Offers proprietary Accelerated Biological Intervention Technology (ARBIT) for 400+ sugar industries & 300+ distilleries in India that generate toxic waste in the form of 40 lakh tonnes pressmud & 5 billion litres of spentwash annually and dumping them without proper treatment causing severe damage to soil, water bodies etc. due to absence of credible / established technologies. ARBIT composts pressmud in 14 days as against the current 120 days resulting in nutrient rich bio-manure (compost) on one side to managing distillery effluent (spent wash) to achieve Zero Liquid Discharge. Visit us online Samudra Consultants Private LImited Founders: Profs. V SUNDAR, K MURALI and SA SANNASIRAJ (IITM Faculty members, Ocean Engg) What it offers? Provide expert knowledge, manpower and services towards monitoring of coastal and ocean environment; construction of coastal and ocean structures; surveys, design and project management services; numerical and experimental simulations and analysis, coastal and Ocean Engineering software design and integration. Visit us online Arogyam Organics Private Limited  Founder: ARUMUGASAMY What it offers? Organic Food Processing Institute for Constructions Materials and Technology Pvt Ltd Founders: Profs RAVINDRA GETTU & KOSHY VARGHESE (IITM faculty) What it offers?ICOMAT offers a wide range of building and construction materials testing services including cement testing, concrete testing, brick/concrete block testing to the Construction Industry & Routine Testing of Construction Materials. Visit us online Wii Tronics Solutions Private Limited Founder: ARJUN NATARAJAN  Company provides sensor based intelligent parking guidance solution for on-street and indoor parking garages. Manufactures sensors, which can be integrated with mobile apps, and vehicle presence information is brought out wirelessly. Visit us online Funds raised: Seed funding by IITMIC Thin Film Solutions - Consultants & Project Executors Private LimitedFounder: Prof A SUBRAHMANYAM (IITM faculty)  What it offers? Training of technical personnel and consultancy services to thin film manufacturers. Develop application of thin films in healthcare, defense and space departments. Supply coated glass/plastic in small scale to laboratories. Visit us online Funds raised: Seed funding by IITMIC Yrs Intuitions Consulting Private Limited Founders: VIVEK DHANDAPANI & Prof THENMOZHI (IITM alumnus & Faculty) What it offers? The company designs, develops and manages social media pages of brands and businesses. Also develops websites and mobile applications. Visit us online MeGo Technologies Private Limited Founders: MANDAR GOSAVI & HRUSHIKESH MEHENDALE What it offers? Mobile Applications & E-commerce platform, specializes in designing creative web-based and mobile-based products. Visit us online Funds raised: MSME grant (2015) |
