21 January 2017, India:
Enterprise IoT solutions startup Tyre Express has raised seed funding of an undisclosed amount from IvyCamp.
“IvyCamp leverages the Global Alumni Networks to help entrepreneurs. The platform provides access to a network of mentors and investors and offers a great support in a targeted manner. IvyCamp also connected us with NASSCOM during the first edition of RIOT event”, said Brijesh Shukla, Cofounder Tyre Express.
Commenting on the announcement, Anju Gupta, Co-founder and President at IvyCamp, said, that IvyCamp is able to engage with start-ups from a variety of industries and connect them to our Global Alumni network. The recent investments on the Platform across different sectors shows how valuable our Alumni network is in sourcing, mentoring, evaluating, and investing in the Startup Ecosystem by leveraging our connects inside and outside India.
“We have a dedicated focus on the deep tech and IoT verticals here at IvyCamp. But there hasn’t been too much support for early stage IoT and hardware startups in the Indian eco-system but we feel that new sensor technologies and information infrastructure development will augment the Indian IoT startup story and we will find many more such investment transactions happening in this space.” Source- BW Online Bureau