The Chennai Angels (TCA), one of the most active angel investing groups in Tamil Nadu, has invested ₹3 crore in Jidoka, a start-up involved in quality inspection for companies. A follow-on investment of ₹3 crore has also been committed for a second tranche, later this year. Jidoka will invest funds to enhance its product for international markets and grow to North America and subsequently to Europe.
The Chennai-based firm specialises in automating the detection of visual defects and audio testing – processes that are highly subjective by nature across industries such as automotive, packaging, pharmaceuticals, electronics, FMCG and general manufacturing.
Sekar Udayamurthy, co-founder & CEO, Jidoka Technologies, said, “We will also use 25% of the funds for our internal research and development.”
