Pune primarily based iobot, Mum or dad firm of the low-code IoT platform Thingsup, on Tuesday introduced that it had raised $ 100,000 from GSF accelerator, supported by founders together with Rajesh Sawhney, Founder and CEO of GSF Accelerator; Pras Hanuma, CEO of Infoquest; Dinesh Agarwal, CEO of Indiamart; and J. Murugavel, CEO of Matrimony.com.
Based on iobot, the funding can be used to fulfill the rising demand for digitization of chilly chain logistics, whose market is rising quickly because of the ongoing COVID-19 pandemic.
Launched in 2020, Thingsup is a SaaS-based low-code platform with ready-to-use wi-fi IoT sensors that allow corporations to digitize their total provide chain in days as an alternative of months.
iobot was based in 2016 by Akshay Ghadage and Pranav Naiknavare.
Talking of recent developments, Pranav stated
“The worldwide want for chilly chain and facility monitoring is rising exponentially to take care of delivery high quality and operational optimization. Thingsup is prepared right this moment to fulfill that demand, and this funding will assist us appeal to extra prospects. ”
“Thingsup’s wi-fi sensor nodes had been specifically developed for monitoring the parcel standing and allow monitoring of the parcel standing on a person degree, which is feasible and economical on a big scale. The platform consists of devoted modules for monitoring programs, fleet administration, real-time Temperature Monitoring and Transport Integrity Monitoring The startup already has a various clientele from industries similar to dairy, F&B, healthcare and e-grocery, “he added.
“With Thingsup, we assist corporations constantly observe the well being of their property and decide the real-time and journey standing of parcels utilizing easy-to-implement IoT sensors and a strong analytics platform,” stated Akshay Ghadage, co-founder of iobot.
Touch upon the funding, Rajesh Sawhney, GSF Accelerator Founder and CEO stated, “The iobot crew has constructed a unbelievable low-code IoT platform in Thingsup, and buyer suggestions typically highlights the super enterprise worth their platform already presents. We’re very excited to accomplice with them and are assured that they are going to be among the many biggest IoT success tales from India within the months and years to return. ”
GSF was based in 2012 and is one in every of India’s expertise accelerators with a portfolio of Whatfix, Slintel, Quizizz, Docsapp, Flinto, Citymall, Gamezop, Wohlbefinden, Zen Responsibility, Khabri and Vaultedge.
The accelerator additionally had a number of profitable exits together with Little Eye Labs (acquired by Fb), Dailyrounds (acquired by M3 Japan), and Pokkt (acquired by Anymind, Japan).