Deep-Tech IoT MFG Startup Raising Funds In Coimbatore
About Business
The startup is recognized under the DPIIT program and focuses on developing innovative anti-theft hardware solutions as part of the Make in India initiative. It holds two granted patents with a third provisional patent in process, showcasing strong innovation capabilities.
The venture was incubated at IIM Bangalore’s NSRCEL and is part of the Stanford Seed Spark program, ranking among the Top 10 at IIM Bangalore and Top 15 in the Stanford Seed Spark Cohort.
Led by seasoned founders with over two decades of experience each and prior P&L responsibilities exceeding ₹500 crore, the company combines strategic leadership with technical excellence. It is a woman-led enterprise with international exposure and active participation in major industry networks such as NASSCOM, BNI, TiE, NAMFS, and LUB.
Clientele type
The company currently serves B2B clients and has secured a significant national-level order. It also caters to OEMs, with its existing clientele including businesses in the hospitality sector, educational institutions, and jewelry retailers.
Premises
LEASED
Lease per month (in INR): 90.00 K
Security Deposit (in INR): 5.00 L
Carpet Area: 5,000 sq ft
The company has a separate factory and office space spanning 2500 each.
Asking Price Includes
The company is offering equity shares at a competitive valuation and a board seat to investors committing over ₹1 crore.
Asking Price
INR 3.00 Cr
Minimum ticket size
INR 25.00 L
Reason
The company is in the process of onboarding clients with deal sizes exceeding ₹100 crore, has secured two granted patents, achieved early revenue traction, and successfully stabilized its product.
Licenses
2 patents and 2 trademarks granted
Keywords
Business Tags
₹10 to ₹200 Cr
Complete Investment Banking Solution in 120 Days
Seamless Fundraising/M&A transactions
Start your growth journey with our 25+ Years of Experienced Professional Team.
Contact IBGrid Team