The Chennai Angels invests in Jidoka

The Chennai Angels (TCA), one of the most active angel investing groups in Tamil Nadu, has invested ₹3 crore in Jidoka, a start-up involved in quality inspection for companies. A follow-on investment of ₹3 crore has also been committed for a second tranche, later this year. Jidoka will invest funds to enhance its product for international markets and grow to North America and subsequently to Europe.

The Chennai-based firm specialises in automating the detection of visual defects and audio testing – processes that are highly subjective by nature across industries such as automotive, packaging, pharmaceuticals, electronics, FMCG and general manufacturing.

Venkatesh Vijayaraghavan, director and CEO, Cavinkare Pvt. Ltd. (Lead Investor from TCA), said, “Jidoka operates in a space that is of critical relevance to most companies today. The team has built an array of technology-based product & services solutions that help achieve quality in manufacturing.”

Lakshmi Narayanan, ex-vice chairman and ex-CEO of Cognizant and chairman of ICT Academy, said the team of Krishna Iyengar, Vinodh Venkatesh and Sekar Udayamurthy firmly believed that automated process rigour with deep tech product inspection alone could deliver safe and secure products to consumers, be it a tablet of medicine or a component in an electric vehicle.

Share the Post:

You may also like

MangoPoint Secures INR 3.5 Cr in Funding Round Led by the Chennai Angels

MangoPoint, the first APEDA- and NPPO-recognized packhouse in Tamil Nadu, has successfully raised INR 3.5 Crores in a funding round led by The Chennai Angels, with participation from the Nativelead Angel Network and Keiretsu Forum.

MY3DMeta Raises over Rupees 10.5 Cr from the Chennai Angels, Dholakia Ventures, and Others

Y3DMeta a 3D Modelling tech company, secured an investment of over Rs. 10.5 cr from The Chennai Angels, Dholakia Ventures, AccelNest, Karn Nagpal, Badri Raghavan, IIT-IIM Angels, Hyderabad Angels, and others.

Homegrown Sustainable Baby Essentials and Apparels Brand A Toddler Thing Raises Funds from Chennai Angels in the First Round

A Toddler Thing is one of the most sought-after Baby Essentials brands in India. They are a homegrown brand based out of Coimbatore, with the aim of creating a culture of sustainable and eco-friendly living. Their product lines include GOTS and CPSIA certified clothing and a wide range of Organic Muslin essentials and apparels carefully designed to keep babies comfortable and happy!

Premium Coffee Brand Trelish raises 3.5 Cr from the Chennai Angels

Trelish, a premium coffee brand specializing in instant liquid coffee blends has announced a fundraise of 3.5 Cr in a recent round led by The Chennai Angels. Trelish intends to utilise the funds for geographic expansion, hiring top talent and to further strengthen the brand.