Vividobots raises Rs 1.47 Cr in seed round led by IPV

Entrackr · 1d

Chennai-based robotic automation startup Vividobots has raised Rs 1.47 crore in its seed round led by Inflection Point Ventures (IPV). The proceeds will be used for product innovation and the scaling of robotic systems tailored to high-rise real estate maintenance. Founded in 2021 by Dhinesh B (CEO), Velmurugan B (CPO), and Kesavaraj S (CTO), Vividobots focuses on developing AI-powered robotic systems that automate exterior building maintenance, offering time, cost, and safety improvements over manual methods. Currently operational in Chennai, Vividobots plans to expand into other metro cities. Its technology enables up to 70% time savings, 50% cost reduction, and 15% material savings in vertical surface maintenance, with applications in painting and cleaning. The startup is part of the Brigade REAP accelerator and was named among the Top 10 Real Estate Tech Startups by Mahindra LEAP in 2023. According to market research, the Indian market for these services stands at $4.46 billion (SOM), with global TAM reaching $1.56 trillion, pointing to significant potential for automation in the sector.