Chennai-based Vividobots, a robotics startup, has successfully raised Rs 1.47 crore in a seed round led by Inflection Point Ventures (IPV). The funding will fuel the company’s mission to innovate and scale robotic systems tailored to the high-rise real estate maintenance sector.
Founded in 2021 by Dhinesh B (CEO), Velmurugan B (CPO), and Kesavaraj S (CTO), Vividobots is pioneering the use of AI-powered robotic solutions to automate exterior building maintenance, offering a safer, more cost-effective, and efficient alternative to traditional manual methods.
Currently operational in Chennai, the company is now setting its sights on expanding to other metro cities across India. The technology behind Vividobots allows for impressive time savings of up to 70%, cost reductions of 50%, and a 15% reduction in material usage in the maintenance of vertical surfaces, including tasks like cleaning and painting.
Vividobots is not just making waves in Chennai—it has also earned recognition within the industry. The startup is part of the Brigade REAP accelerator and was named among the Top 10 Real Estate Tech Startups by Mahindra LEAP in 2023.
The Indian market for building maintenance services is valued at $4.46 billion, with the global total addressable market (TAM) reaching an eye-popping $1.56 trillion. This vast market potential showcases the significant opportunity for automation in this sector, and Vividobots is well-positioned to lead the way.
