Kochi, February 7: Kerala’s Start-Up enterprises to get backed by Mumbai based Unicorn India Ventures. Unicorn India Ventures has invested in 3 Kerala-based startups – GenRobotic, SectorQube and Perfectfit Fashion. Unicorn India Ventures has been actively exploring investment in Kerala post partnering with Kerala Startup Mission (KSUM).
Anil Joshi, Managing Partner, Unicorn India Ventures, said, “Kerala is the hotbed for growing startups in the country today. The State Government backed accelerator, KSUM, is working aggressively with the industry experts to nurture the startup ecosystem in the State and we are excited to partner with KSUM in fostering the spirit of entrepreneurship by way of investing and mentoring the Kerala-based startups, which is core to Unicorn India.”
Vimal Govind, Co-founder, GeneRobotic, said, “We are working towards a mission to use robotic technology to eliminate manual labour from areas like sewer cleaning which results in 9,000 – 10,0000 death every year.”
Unicorn India Ventures, launched in 2015, has been investing in early-stage startups with an innovative idea working in sectors like consumer, enterprise, healthcare, ESDM and deep technology domains. The VC fund has made investments across 10 startups since its inception.
Kerala-based GenRobotic was founded in 2015 by Rashid Bin Abdulla, Vimal Govind MK, Nikhil NP and Arun George. The startup specialises in powered robotic exoskeletons with RC Controlled Humanoid Robotic Systems and Artificial Intelligence in order to find the best solution for socially important issues.
The Company has also received a grant from BPCL to further research in the area and develop Bandicoot, a product under design to build an automatic robotic system for manhole and sewer cleaning to eliminate manual scavenging.