Octobotics raises Rs 10 crore seed round

The details

• Octobotics Tech has raised Rs 10 crore in a Seed round.
• The funding was led by Navam Capital.
• BYT Capital participated in this investment round.
• The money will accelerate product development and field validation efforts.
• The company plans international expansion into Singapore and the Middle East.
• Expansion relies on obtaining IECEx and ATEX certifications for hazardous zones.
• Founders Ishan Bhatnagar and Gulshan Kumar started the company in 2020.
• The startup serves sectors like oil, gas, power, and railways.

The bigger picture

• The company generates Rs 2 crore in annual revenue.
• It uses a distribution-led deployment model for its platforms.
• Focus is on vertical integration of Non-Destructive Testing (NDT) robotics.

About the business

• Octobotics creates AI-enabled robotics platforms for industrial inspections.
• These robots operate in hazardous and hard-to-access environments.
• Products include PA RailScan for rail weld inspection using ultrasonic testing.
• Weld Sensei is an automated platform for hazardous area inspections.
• Reach Master handles specialized NDT tasks in elevated or confined zones.
• Customers include the Indian Navy, Indian Oil Corporation, and BPCL.
• Other clients are HPCL, Aarti Industries, GSFC, and Saudi S-Chem.
• The company targets markets in oil, chemicals, petrochemicals, and fertilizers.

What happens next

• Accelerate product development and strengthen field validation.
• Obtain IECEx and ATEX certifications for market access.

The deal

Type

Seed

Investors

• Navam Capital (lead)
• BYT Capital (participated)

Founders

• Ishan Bhatnagar, co-founder
• Gulshan Kumar, co-founder

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