06 June 2018, India:
Software defined radio startup Inntot Technologies Pvt. Ltd has raised an undisclosed amount in a seed round from venture capital firm Unicorn India Ventures.
The startup will use the fresh capital for procuring hi-tech testing equipment, stepping up marketing efforts, field-testing of solutions and hiring key personnel in critical areas like marketing, sales, and software.
This is Unicorn India’s sixth announcement in the State. Earlier this year the Fund invested in five startups — Genrobotics, Perfectfit and SectorQube, Bank Open and Clootrack.
As a part of deal, Aayush Jain, Principal, Unicorn India Ventures has been appointed as the Board Member in Inntot Technologies.
“Over the last one year, as a Fund, we have been on a look out for next gen tech startups and investment made by us clearly reflect our intent to find such growing startups and invest in them. Kerala, in that respect, has surprised as we have seen our investments going to startups which are working on cutting edge technology like IoT, 3D, Robotics and now digital radio receivers,” said Anil Joshi, Managing Partner, Unicorn India Ventures.
Anil Joshi added, “Investment in Inntot is inspired by the success that we have seen in new age tech startups who are not chasing the tempting matrix but building a product from ground up and opening up a completely new market for themselves rather fighting for a small piece of a big pie.”
“Our mission is to facilitate a seamless switchover from Analog Radio Broadcast (AM and FM) to Digital Radio Broadcast by providing high quality and cost effective Digital Radio Receiver solution that enables mass acceptance. Collaboration of Inntot with a technology savvy investor like Unicorn India, who shares our view, will accelerate our mission,” said Rajith Nair, Co-founder and Managing Director, Inntot Technologies.
Inntot Technologies was founded by Rajith Nair and Prasanth Thankappan in 2014. It is software defined radio startup.
(Image – Inntot Technologies)