KSUM-backed Unicorn India Ventures funds three startups from Kerala

Unicorn India Ventures in association with Kerala Startup Mission or KSUM has announced investment in three Kerala-based startups- GenRobotic, SectorQube & Perfectfit Fashion.

Kerala Start-up Mission (KSUM), which is also an investor in Unicorn India will provide strategic guidance and financial support to budding startups in the God's own country.

Recently, KSUM, a nodal agency of the state government had launched ‘Kerala Accelerator Program’, to promote revenue making startups across the country with a partnership with Zone Startups India. A three-month virtual accelerator programme was slated to start on February 5.

A quick look at 3 selected startups

GenRobotic: The startup was founded in 2015 by Rashid Bin Abdulla, Vimal Govind MK, Nikhil NP and Arun George. The Team specializes in powered robotic exoskeletons with RC Controlled Humanoid Robotic Systems and Artificial Intelligence in order to find the best solution for socially important issues.

SectorQube: Started in 2011, SectorQube, was founded by Sabarish Prakash, Nibu Alias, Ani Abraham Joy, Arjun S, Midhun Skaria, and Biniyas VL. Over the years the company has worked on making smart kitchen appliances and is working on next-generation Roti Maker.

Perfectfit Fashion: It is a Kochi-based startup, specializes in 3D body scanning systems for fashion and healthcare industry. The Perfectfit Fashion 3D scans the user to generate exact body measurements, which are used to cut apparels pattern from fabric sheet. Their highly evolved scanning systems produce the final apparel in a fraction of the time taken by conventional manufacturing techniques.

Mumbai-based Unicorn India Ventures is a VC fund that invests in early-stage startups working on business ideas spanning sectors like consumer, enterprise, healthcare, ESDM and deep technology domains. These investments are made from Unicorn’s first fund launched in 2015 with investments across 10 startups made over the last two years.

The Fund recently announced its foray into venture debt by launching a Rs 600 crore venture debt fund.