Kris Gopalakrishnan Funded Underwater Robot Startup!
Planys Technologies, a start-up incubated at IIT Madras Incubation Cell, and India’s first Original Equipment Manufacturer (OEM) of compact underwater robots (Remotely Operated Vehicles or ROVs) capable of performing underwater inspection, closed a INR 14 Crores round of Series A Funding.
This round of funding was led by Oil and Natural Gas Corporation Limited (ONGC) Start-up Fund and Ranjan Pai’s MEMG Family Office. Kris Gopalakrishnan’s (Co-Founder, Infosys; Chairman, Axilor Ventures) Pratithi Trust, Keiretsu Forum (Chennai and Singapore) and other individuals also participated in the round. This funding round will help Planys expand its robotic fleet, fund product development and scale up its operations. Earlier, Planys also received a grant of Rs. 1.5 crores from BPCL Startup Fund ...