Ishitva, a robotics firm based in Ahmedabad, has raised over $1 million in a Pre-Series A round sponsored by Inflection Point Ventures, an angel investing platform. The monies raised will be used to expand the sales force and the R&D team.
Ishitva, founded by Jitesh Dadlani, employs AI, machine learning, and Industry 4.0 to create effective solutions for sorting complex garbage
SUKA, YUTA, and the Netra AI Vision system are some of the company’s technologies for recognising garbage and smart bins.
Mitesh Shah, Co-founder, Inflection Point Ventures said,“According to MoHUA, as of January 2020, India generated 1,47,613 MT of solid waste. This is a serious situation that our country is headed to and we are seeing startups taking on this challenge to address the waste generated in the country. Ishitva’s model is particularly innovative as they are leveraging cutting edge technology to sort out the waste which is already being generated.”
Sandip Singh, CEO of Ishitva said, “We are excited that many of the waste industry stalwarts are joining early in our journey. With IPV, we now have access to a large pool of professionals and experts which is immensely useful at this stage for us.”