Indian Angel Network (IAN), along with The Chennai Angels (TCA), has invested Rs 2 crore on Chennai-based startup SP Robotics Works, the company said in a statement. The startup provides robotic education to school and college students.
The investment will mainly be used for the growth and expansion of the company. A digital version of the courseware will be released through its Kidobotikz program, it said. To be launched in Chennai initially, it will expand to other places in South India eventually.
The startup conducts robotic classes for school and college students. It plans to use the new capital to set up more knowledge centres and start video tutorials on its portal.
“Robotics is all about practical work. Children want to experiment and since they have time to make mistakes and learn from them, their basics get stronger. We wanted to change the phase of Indian Education in par with the international standards by providing practical experiences to the school students. IAN and TCA are excellent platforms to raise funds concepts with the best network of people and the guidance provided by the lead groups – who take an extra care even before funding is completed,” said Sneha Priya, SP Robotics.
The company has two offerings – Kidobotikz for students in the 12-17 years age group and Rovateclabs for young adults who want to take up robotics as a hobby. It also offers courses in electronics, embedded systems, and PCB designing.
"SP Robotics enables younger generation to think innovatively towards solving real problems," said lead IAN investor Nagaraja Prakasam, commenting on the investment. SP Robotics is Prakasam's thirteenth investment in IAN.
Launched in August 2012 by engineering students Pranavan and Sneha Priya, SP Robotics focuses on developing technologies to decrease the usage of man-power for hazardous and unstable work.