In today s ETtech Morning Dispatch newsletter, Paytm IPO is likely "before November" this year; Delhivery raises more than Rs 2,000 crore ahead of its IPO next year; and Zerodha s profit more than doubled in FY21.
M.A.M. College of Engineering and Technology (MAMCET) has signed a memorandum of understanding with IIT-Madras Incubation Cell (IITMIC) for strengthening entrepreneurship ecosystem in Tiruchi region.T
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.
Indian Bank will extend loans of up to Rs 50 crore to these startups for their working capital requirements or for the purchase of machinery, equipment etc.