We bring you a data led article on Tier II funding activity between 2015-2021, highlighting investor views on factors making these cities a preferred choice for entrepreneurs. Also, read which key cities made a mark, and have attracted investor attention recently.
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The Indian government has been calling for innovators to leverage technology to build solutions for the defence sector. Earlier in February, at an industry event, Defence Minister Rajnath Singh revealed that the government is
aiming to bring down defence imports by at least $2 billion by 2022.
Image Credit: Torus Robotics
While pursuing their mechatronics engineering degree, SRM University alumni
M. Vignesh, Vibhakar Senthil Kumar, and K.Abbhi Vignesh set out to build solutions for the Indian defence sector.
In 2019, the trio launched Torus Robotics in Chennai to help the Indian Armed forces with
modular Unmanned Ground Vehicles (UGV) that could cater to diverse mission requirements.
Former
ISRO engineer turned entrepreneur Dhinesh Kanagaraj was always interested in the field of composite materials.’ During his three-year stint with the national space organisation, he was also pursuing and ideating along similar lines.
A graduate of IIT-Madras, Dhinesh, and IIT-Delhi alumnus Abhijeet Rathore met in ISRO in 2011, and worked on popular missions such as
GSLV Mk-III and Chandrayaan-II. After leaving his job at ISRO, Dhinesh along with his colleague Abhijeet launched
Chennai-based Fabheads Automation in 2015 for building automated solutions for fabricating composite products.
Abhijeet Rathore, Dhinesh Kanagaraj, and Akshay Ballal, Co-Founders of Fabheads Automation
[Image Credit: Fabheads]
They were joined by Akshay Ballal from BIT-Mesra, who started as an intern at Fabheads straight out of college, but later continued in the organisation full time, and is now the Chief Product Officer.
How this Chennai-based startup is making crypto trading simple and trustworthy
Founded in 2017 by Vikram Subburaj and Arjun Vijay, Chennai-based crypto trading startup Giottus is leveraging customer support, security, and trust to drive digital currency adoption in India.
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A Chennai-based crypto trading startup launched by two former consumer tech executives is banking on a strong customer support system to drive the adoption of virtual currencies in India.
Even as the volatile and decentralised nature of virtual currencies spurred calls for their regulation and even blanket bans in India and abroad, IIM Calcutta alumni Vikram Subburaj and Arjun Vijay set up Giottus Inc. in 2017 with the aim of making cryptocurrency trading simple and trustworthy.