tech STARTUPS UNDER INCUBATION IITM

October 2016 Newsletter >  

Planys Technologies Private Limited

Founders: TANUJ JHUNJHUNWALA, VINEET UPADHAY, Prof PRABHU RAJAGOPAL & Prof KRISHNAN BALASUBRAMANIAN
(IITM alumni, 2014 & Faculty members)
What it offers? 
Design & manufacture compact underwater vehicles for immersed structure inspection and 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. 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)

Detect Technologies Private Limited

Founders: DANIEL R DAVIDTARUN MISHRA, Prof KRISHNAN BALASUBRAMANIAN, HARIKRISHNAN AS, KARTHIK R
(IITM Alumni & Faculty)
http://www.detecttechnologies.com/
What it offers? 
A holistic solution to the inspection needs of energy sector focusing mainly on the pipeline integrity management. The technologies developed at Detect are of highest novelty and ensures thorough inspection of our client pipeline assets. We have service-based products as well as permanent installable sensors that can show real time health data of the pipelines. Visit us online
Funds raised: Seed funding by IITMIC; undisclosed amount of angel investment by Keiretsu Forum, Chennai Chapter (led by Anil Jain's AJ Ventures), CIIE (IIM-A) and Axilor Ventures (July 2017)

Pi Beam Labs Private LImited

https://drive.google.com/file/d/0B-Cj2DEgpVQyemtheGd6cU5yd1E/view?usp=sharing
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 onlineVideo 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)

ConzumeX Industries Private Limited (MUSE)

http://www.muconnect.co/
Co-founders: SAI PRASANTH, AJAY YATHINDRA, KARTHIK REDDY. 
(IITM alumni 2013 & 2015)
What it offers?
A consumer product technology company that uses computer vision, machine learning and 3D printing to bring custom fit wearables for individuals. Visit us online.
First consumer electronics product: MuConnect- A fast charging magnetic adapter. Raised $170k in pre-ordersOther product: an Analog smart watch with a Chatbot and gamification based mobile software platform. The products sell through online channels and offline channels. Under development: mobile app that enables doctors to use a 100% digital process to order custom fit orthotic insoles for their patients.

Maximl Labs Private Limited

Founders: SAMIR OTIV & PANKAJ PAWAN 
(IITM alumni)
What 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

Daksha Imaging Private Limited

Founders: Prof. ANURAG MITTAL & Dr. RAJ GUPTA 
(IITM faculty and alumnus)
http://www.dakshaimaging.com/
What it offers? 
Daksha develops and provides solutions for the next generation Video Surveillance: a comprehensive footage management that incorporates the best features of both Cloud CCTV system and a Video Management System for enterprise customer. 
Daksha leverages Machine Learning Pattern Matching Image Processing and Computer Vision. The solution provides real time alarming, distributed architecture and high end imaging quality solutions. Visit us online 
Funds raised: Seed funding by IITMIC

NeoMotion Assistive Solutions Private Limited

Founders: SWOSTIK S DASH, VIVEK SARDA & Prof SUJATHA SRINIVASAN
(IITM alumni -2013, 2014 & Faculty member)
What it offers? 
NeoMotion makes innovative Assistive Devices to create an impact in the lives of people with disability and the elderly.  Initial products: (a) NeoBolt: a clip-on device to wheelchair to enable the user to go outdoors independently and (b) NeoFlame: a wheelchair which is customizable to its user and rugged for outdoor use.

Unilumen Photonics Private Limited

http://unilumen.in/
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
Funds raised: Ministry of MSME (GoI) Grant (Dec'15)

Kamal Kisan (Simple Farms Private Limited)

 
http://kamalkisan.com/
Founder: DEVI MURTHY
What it offers? 
Develops cost-effective, smart mechanization solutions (agricultural equipment) for India’s small and marginal farmers, to reduce labor dependence and increase profitability. Products: Vegetable & Sugarcane Plantars, Mulch Layer.  Visit us online 
Funds raised: seed fund by RTBI

FIBSOL Life Technologies Private Limited

http://fibsol.com/
Founders: Dr KAVITHA and Dr ANANT RAHEJA
(IITM alumni)
Domain: Nanotechnology & Biotech
What it offers? 
Innovative nanofiber substrates for superior agro-inputs; advanced ceramics; sensors & catalysts; clean energy & filters. Visit us online
Funds raised: Seed funding by IITMIC; SIBRI, Dept of Biotechnology (GoI) Grant (2015)Ministry of MSME (GoI) Grant (Dec'15)
Joint incubation with IITM Bio-incubator

AKXA Tech Private Limited

Founders: Dr RAGHURAJ K. RAO (IITB Alumnus), S. V. RAGHAVAN,  (IITM Alumnus),  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 

Fabheads Automation Pvt Ltd

www.fabheads.in
Founder: DHINESH R KANAGARAJ
(IITM alumnus, 2011)
            
What it offers? 
Developing products targeting industrial automation in composites manufacturing sector, with a special focus on carbon fiber based products. A majority of carbon fiber products are still fabricated using expensive, but ineffective processes that produce heavy raw material wastage and require large manpower. The products developed here focus on complete automation with negligible material wastage allowing to bring down per part costs by minimum 10% to as much as 25% based on the production volume. Visit us online
Funds raised: Seed funding by IITMIC

GUVI Geek Technologies Private Limited

What it offers?
Online skill acceleration & activity based recruitment platform. Visit us online
Funds raised: seed funding by RTBI & IITMIC; Ministry of MSME (GoI) Grant.

Padmaseetha Technologies Private Limited

Founders: W. GOWRISHANKAR
(IITM alumnus, 1998)
Domain: Healthcare and biomedical devices
What it offers? 
Developing a wearable mobile Continuous Ambulatory Peritoneal Dialysis device (mCAPD), allowing renal patients to carry out CAPD dialysis anytime, anywhere without any intervention. This simple and affordable device allows renal patients to have a near normal life, in spite of the crippling disease, catering to the poor and needy. Visit us online 
Funds raised: Biotechnology Ignition Grant, BIRAC-DBT (Govt of India); Ministry of MSME (GoI) Grant (Dec'15); Seed funding by IITMIC

Air OK Technologies Private Limited

Founders:
 V DEEKSHITH, Y PAVAN REDDY & V SRAVAN KRISHNA
(IITM Alumni - 2014, 2015)
What it offers?
Resource center for air quality management. 
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 

MGH Labs Private Limited

http://www.bogorchid.com/
Founders: MUTHUKUMAR P, HEMACHANDRA B & GOKUL R
(IIT Alumni)
Domain: FMCG Health Care
What it offers? 
Bogorchid which can attract, catch & kill mosquitoes naturally. With several patents filed in India, the product has gone through several test trials and can trap up to 800 Mosquitoes in a span of 3 days in a residential house in Chennai City. Visit us online
Funds raised: Seed funding by IITMIC Bank Loan under CGTMSE Scheme

Aerostrovilos Energy Private Limited

http://www.aerostrovilos.com/
Founders: ROHIT GROVER, Prof SR CHAKRAVARTHY and PRADEEP THANGAPPAN
(IITM Alumnus 2016 and Faculty (AE); External)
Domain: Energy and Power; Manufacturing
What it offers? 
Develop high-end sophisticated gas turbine technology for power generation in India. Current status: developed a compact 100kW micro gas turbine (MGT) indigenously at an affordable price for Indian market in order to generate power from biomass and bio-waste. Multi fuel compatibility and continuous operation reliability makes MGT a perfect candidate for distributed power generation in rural India using locally available fuels. Due to its high compactness, a MGT can also be installed in electric vehicles for range extension. Visit us online

Axon Automated Systems Private Limited

Founders: VISHAL SINGH, VAMSI KRISHNA
(IITM alumni, 2014)
Domain: Smart Home Appliances
What it offers? 
Axon Machines builds smart machines to automate kitchen: set of appliances that would cook for us all by themselves. 
Funds raised: Seed funding by IITMIC

DIGas Private Limited

Co-founder: MADHUP SHUKLA
(IITM Alumnus, MS 2016)
Domain: Automation/Instrumentation
What it offers? 
DiGas is building LPG (Liquefied Petroleum Gas) related automated system and instruments. 

BlueSinQ Automations Private Limited

Founders: ROHIT K & DEEPAK CHANCHAL
(IITM alumni)
http://www.stachs.in/
Domain: IoT (M2M)
What it offers? 
Company dedicated to bridging the gap between luxury and affordability in home 
automation systems
Visit us online
Funds raised: Seed Funding by IITMIC  

nFiver Machineries Private Limited

www.nfiver.com
Founder: RAMADOSS SAMBATHKUMAR
(IITM alumnus)
Domain: Manufacturing & M2M
What it offers? 
The k-Machine®
K-machines are autonomous, programmable and brainy to perform everyday task carried by users with cutting edge control mechanism on the move through Smart phone. The k-machines are injected with intelligence to save your Time, Effort and provide Healthier life. Current product: Automatic wet grinder. Visit us online
Funds raised: Seed funding by IITMIC

SonoLight Imaging Innovations Private LImited

Founders:
 Dr ARUN K THITTAI & Dr GANAPATHY KRISHNAMURTHI
(IITM Faculty members)
Industry: Medical Imaging
What it offers?
Offers imaging products and services that exploit signals ranging from Ultrasound, Light to X-ray. We develop standalone imaging systems as well as unique multimodal systems that find application in clinical diagnostics, treatment monitoring, image-guided interventions, pre-clinical research, among others. The company's unique software design can be customized to become part of OEM for interested scanner manufacturing companies.
Funds raised: Seed funding by IITMIC

April 2016 Newsletter > 

Cygni Energy Private Limited

Domains: 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:  Seed funding by RTBI; Rs 10 crore Series A investment
Revenue:  >25 crore in FY17
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).

Swadha Energies Private Limited

Founder: ANKIT PODDAR
(IITM alumnus, MS)
Domain: Green HVAC systems
What it offers?
Swadha has designed and developed mechanical systems and electronics that help cut electricity consumption in the AC systems, using advanced power electronics integrated with the building management systemGreen Building Cooling System’ comprising Variable air Volume Box (VAV Box), Variable Frequency Drive (VFD) and sensor network integrated with Building Management System (BMS)Visit us online  |  Media
Funds raised: Seed funding by RTBI
Revenue:  >1cr in FY16

Crion Technologies Private Limited

www.criontech.com
Founders: KARTHIK PONDUGULA & RAHUL KARPURAPU
(IITM alumni)
Domain: Virtual & Augmented Reality, Training & Education
What it offers?
Crion designs and develops virtual reality modules for training and maintenance in mainly manufacturing and process industries. Our solutions include training simulators that give hands-on virtual training on machinery, service and maintenance, process simulations, emergency response training, etc. Visit us online
Funds raised: Seed funding by IITMIC

innoDI Water Technologies Private Limited

Founders: VIJAY SAMPATH, Prof. T PRADEEP and TULLIO SERVIDA
(IITM faculty, Idropan Dell'Orto & AquaSphere Greentech Solutions)
Domain: Water Treatment (ground & surface water)
What it offers?
InnoDI has introduced a new water treatment system based on Capacitive De-ionization (CDI) technology in the market that is ideally suited for Drinking water applications. This innovative technology is used to desalinate water without using resin or membrane filters. It does not require chemicals to treat water and uses very low power to separate salts in water. 

Traditionally ground water treatment is done using Reverse Osmosis Technology. This technology wastes lots of water during treatment, uses much power and chemicals and has a high operating cost for delivering drinking water. CDI is an excellent alternative to this technology. This is a high recovery system where water wastage is just 20% as against 70% from a RO system. It does not use any chemicals, consumes very low power and has the lowest operating cost for treating water when compared to any system in the market today.

Least Count Technology Solutions Private Limited (TRI3D)

www.tri3d.in
Founders: KRISHNA S ALWALA & NITISH R PARVATHAM 
(IITM alumni)
Domain: 3D Visualization, Fashion Technology
What it offers?
TRI3D is a Virtual Fitting Room technology solution for e-Fashion stores which helps users to virtually try-on clothes before they buy online. Users can enter a few measurements, skin-tone and pose, and create own body avatars and then select different garments to try-on. TRI3D are working on a scalable garment digitization platform to convert and digitize garments into 3D format at scale. Visit us online
Product comprises three aspects:
https://www.youtube.com/watch?v=v0DuLe3SEAM

Grinntech Motors & Services Private Limited

Founder: PUNEET JAIN
http://grinntech.com/
Domain: Energy Storage 
What it offers?
Grinntech aims to enable scaling up of electric vehicles by making them technically and economically feasible. Battery packs constitute major part of an electric vehicle. Grinntech aims to bring that down by introducing new innovative business model and technology products which are build considering price sensitivity & engineering needs of Indian market. Grinntech is building battery management systems for lithium battery packs & doing electro-mechanical packaging of lithium battery packsVisit us online 

YNOS Venture Engine CC Private Limited

Founders: Prof. THILLAI RAJAN & VENTURE INTELLIGENCE 
(IITM Faculty)
Domain: Investment Banking
What it offers?
Improve effectiveness of fund raising process for start-ups and other early stage firms using cutting edge technology, data science, and machine learning tools.

Dravak Technologies Private Limited

Founders: BIBIN KA, KARTHIK K, MAHESH J VISHNU MURALI
(IITM MS & PhD students, OE)
Domain: Renewable Energy
What it offers?
Company offers an innovative high-performance roof top wind turbine system as a solution to the increasing power demand. Visit us online

Rathi Aerospace Labs Private Limited

Founders: NIKUNJ RATHI and Prof. PA RAMAKRISHNA
(IITM PhD student & Faculty, AE)
Domain: Aerospace
What it offers?
Company is developing a wax based mandrel for safe, cost effective and easy process of making solid propellants for missiles and launch vehicles.

Enability Foundation For Rehabilitation

Founders: Prof ANIL PRABHAKAR, NAMITA JACOB, SHANKAR S & T PRADEEP
(IITM Faculty, Externals)
http://enability.in/
What it offers?
A non-profit Section 8 company to focus on providing indigenous and affordable assistive technologies solutions to teachers, schools, resource centres and rehabilitation workers. Enability will also set up resource centres, and participate and conduct trainings and workshops for the end-users. Visit us online
Current Product: iGest, a kinematic sensor based system that captures gestures of children with cerebral palsy and converts them into a dictionary of sentences.
Funds raised: Grant from NASSCOM Foundation Social Innovation Forum (2015); Ministry of MSME (GoI) Grant (Dec 2015); Seed support by IITMIC

Samudra Consultants Private LImited

http://www.samudraconsultants.com/
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

Sangvint Technologies Private Limited - WeThink

Founders: SANGEETHA SARANATHAN
(MBA, IIM Indore, 2003)
Domain: Education
What it offers?
WeThink seeks to radically change the way we learn in schools, moving away from a one-size-fits-all strategy towards a more personalised path that enhances conceptual learning. Visit us online

Ariken Labs Private Limited

Founders: Prof. ASHISH KUMAR SEN & SNEHA MARIA M 
(IITM Faculty (ME) and PhD student, Biotech)
Domain: Diagnostics/Biomedical device
What it offers? 
Ariken is a Microfluidics-based Healthcare and Diagnostics Company. Developing microfluidic platforms for detection of health conditions and diagnosis of infectious and non-communicable diseases

Yaathum Biotech Private Limited

Founders: ANITHA RAJAGOPAL and ARIVAN THIRUVALLUVAR
www.yaathumbiotech.com

Domain: Healthcare (diagnostic)
What it offers? 
A molecular biotech company specializing in the development of Real-time quantitative PCR (qPCR) assays for rapid and affordable diagnosis of disease and research in life sciences. Presently, developing a novel multiplex qPCR based diagnostic kit that would make possible the identification of full range of Drug Resistant Tuberculosis (MDR & XDR-TB) in a single test, at one third the present cost, and  taking a few hours to test. Visit our website
Funds raised: Biotech Ignition Grant from BIRAC-DBT
Joint Incubation with IITM Bio-incubator

RF Wave Technologies Private Limited

http://www.rfwavetek.com/
Founders: SHAKTIVEL 
(MS student)
What it offers?
The startup designs and develops high performance modules, for radio frequency (RF), and microwave wave applications covering the frequency range of DC to 8.5 GHz. Product/services in the RF space: RF bread board, RF filters, etc. Custom projects on antenna design for organizations like DRDO. Visit us online
Funds raised: Seed funding by IITMIC

Karuvee Innovations Private LImited

Founders: Prof S RAMAKRISHNAN
(IITM Faculty)
What it offers?
Design & development of Medical devices, systems and solutions using advancements in simulation, modeling, communication and information technology.
Funds raised: Seed funding by IITMIC

Theevanam Additives & Nutraceuts Private Limited

Founders: Prof. TS CHANDRA, Prof. MUKESH DOBLE, MANAN PATEL & Dr. S SESHADRI
(IITM Faculty, Biotech Dept; PhD student, BT)
What it offers? 
Provide nutrient formulations for enriching animal feed additives and nutraceuticals such as vitamins, immune-modulators, enzymes, probiotics and pro-biotics etc.
Funds raised:  Seed funding by IITMIC
Joint incubation with IITM Bio-incubator

Vital Bioscientific Solutions Private Limited

Founder: Harshal S
(current MS student, IITM)
www.vitalbioscientific.com
Domain: Pharmaceutical and Healthcare 
What it offers? 
A spin off from Bioengineering and Drug Design Group at Dept of Biotechnology, IITM, the company works in the area of preclinical healthcare researchVisit our website
Funds raised: seed support by IITMICBiotechnology Ignition Grant from BIRAC-DBT (Govt of India); Ministry of MSME (GoI) Grant (Dec'15)
Joint incubation with IITM Bio-incubator

Purius Nanosystems Private Limited

(IITM alumnus, MS 2012) 
What it offers? A healthcare diagnostics company that currently develops an integrated molecular diagnostic system for performing complex DNA/RNA/Protein testing. This fully automated system will enable healthcare personnel to perform 'sample-to-result' tests at the point-of-care and take appropriate medical decisions within an hour instead of waiting for days typical of current lab-based testing.
Funds raised: seed support from IITMIC; Biotech Ignition Grant from BIRAC-DBT
Joint incubation with IITM Bio-incubator

Udvavisk Technologies Private Limited

www.udvavisk.com
Founders: SATYAK PADHY & SMRUTIMAYA PATTNAIK 
(IITM PhD Student & Alumnus'15)
What it offers?  Provides training, consulting, Open Source Software implementation and R&D to academic institutions, industries and R&D labs. Visit us online
Funds raised: Seed funding by IITMIC