SP Robotic raises Rs 2 crore from IAN, Chennai Angels

Govt to borrow Rs 3.5 L cr in first half of FY17
SP Robotic Works, a Chennai-based startup which provides robotic education to school students in the brand name called Kidobotikz, has raised Rs 2 crore from Indian Angel Network (IAN).
Nagaraja Prakasam has led this round on behalf of IANand will also join the board of the company and Rajesh Navaneetham and MV Subramanian would also be leading this round from IAN. The Chennai Angels (TCA) has also co-invested in this round.
The investment will be primarily used for the growth andexpansion of the company. Kidobotikz plans to launch the digital version of its courseware to inspire more students and enabling them to learn with fun at their convenience. The same will be soft-launched in Chennai within few months and then expanded gradually to various geographies, initially South India.
Founded by two Anna University Electrical and Electronic Engineering Students, Pranavan and Sneha Priya, Kidobotikz provides robotic education (practical experiments with mechanical, electronics, programming and algorithm framing) – a multi-disciplinary engineering platform with enough fun quotient to school students from age 12 to 17.
Kidobotikz also encourages them to work towards social issues like waste management, agriculture and hazardous handling.
“Robotics is the future. Just as IT changed the job spectrum across the world dramatically, robotics is set to disrupt in the not-so-far future. Kidobotikz provides children the perfect platform to prepare themselves to make the best use of this trend. 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 education wherein theoretical concepts should be supported by providing practical experiences to the school students. IAN and TCA are excellent platforms to raise funds and be connected with the best network of people,” Sneha Priya, co-founder at Kidobotikz, said in a statement.
“Moreover, knowledge centres will also be setup in prime locations to provide special trainings and act as common place wherein the children can spend any amount of time to collaborate, work, experiment and get free guidance from our technical team,” she added.
[“source-Business-standard”]