Ishitva, an Ahmedabad-based robotics startup, raised $1 million in pre-series A funding round led by Inflection Point Ventures (IPV).
Waste management and plastic value chain players and veterans also participated in the round, including Kamaljyot Investments (a subsidiary of Excel Industries Ltd), Gandhi Family from GRP, AVI Global Plast Private Limited, Anup Gulati COO at Quality Maritime Provider, Harinder Arya president & div CEO - Major Capex & Pressure Control at Joulon, Sanjay Kamlani, serial investor and founder of Pangea3 and Mohan Ayyangar, operations lead – GDS EY India.
The funds raised will be used for growing sales and expanding the R&D team.
Company: Ishitva Robotic Systems Private Limitedp
Raised: $1.0M
Round: pre-Series A
Funding Month: October 2021
Lead Investors: Inflection Point Ventures (IPV)
Additional Investors: Kamaljyot Investments, Gandhi Family from GRP, AVI Global Plast Private Limited, Anup Gulati, Harinder Arya, Sanjay Kamlani, and Mohan Ayyangar
Company Website: http://ishitva.in/
Software Category: Smart waste solutions
About the Company: Ishitva is an OEM operating in dry waste sorting technology using AI, ML, IoT industry 4.0 to solve the issue of sorting complex waste. Ishitva currently offers a range of solutions including SUKA (AI-powered air sorting), YUTA (AI-powered robotic sorting), and Netra AI vision system, which helps in identifying waste and smart bins. Netra identifies waste, learns about its contents by capturing images, and then scans for recyclable material. Ishitva is using advanced tech to sort out the generated waste and making the recycling ecosystem more efficient and productive. They envision making our planet a better place to live in by leveraging AI, ML, and IoT.
Source: https://www.business-standard.com/article/companies/robotics-startup-ishitva-raises-1mn-in-pre-series-a-funding-led-by-ipv-121100800076_1.html