Indian Angel Network, Chennai Angels Fund Chennai-based SP Robotics With Rs 2 Crore


23 March 2016, India : Indian Angel Network (IAN), along with The Chennai Angels (TCA), has invested Rs 2 crore on Chennai-based startup SP Robotics Works, the company said in a statement. The startup provides robotic education to school and college students.

Founded in 2012 by Anna University alum, Pranavan and Sneha Priya, SP Robotic Works provides robotic education – practical experiments with mechanical, electronics, programming and algorithm framing to school students from ages 12 to 17, under the brand name ‘Kidobotikz.’It also offers courses in electronics, embedded systems, and PCB designing.

The investment will mainly be used for the growth and expansion of the company. A digital version of the courseware will be released through its Kidobotikz program, it said. To be launched in Chennai initially, it will expand to other places in South India eventually.

The startup conducts robotic classes for school and college students. It plans to use the new capital to set up more knowledge centres and start video tutorials on its portal.

“Robotics is all about practical work. Children want to experiment and since they have time to make mistakes and learn from them, their basics get stronger. We wanted to change the phase of Indian Education in par with the international standards by providing practical experiences to the school students. IAN and TCA are excellent platforms to raise funds concepts with the best network of people and the guidance provided by the lead groups – who take an extra care even before funding is completed,” said Sneha Priya, SP Robotics.

“SP Robotics is enabling the younger generation think towards solving real problems Robotics way. One of my portfolios Saahas Zero Waste is working with them providing real time problems to solve. Similarly they are working towards Agritech solutions for our farmers as well. I’m really glad to see these responsible younger generation thinking creatively like the Swatchhbots,” said Prakasam.

The investment in SP Robotic Works is the ninth such by IAN in 2016, as per data collated by VCCEdge.
Its other investments in the current calendar year includes, a Rs 3.5 crore investment in Gurgaon-based car pooling app Orahi. It had also invested an undisclosed amount in DesignBids, an online marketplace for architecture and interior design services in January earlier this year.

The angel network, which has been the early backers of startups such as Stayzilla, Druva and Sapience, has made more than 70 investments till date. Source: ET