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| Deeptech enterprise SaaS startup Twyn has raised pre-Series A funding of USD 1.25 MN investment from ah! Ventures Angel Platform and Others |
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| Deeptech enterprise SaaS startup Twyn has raised pre-Series A funding of USD 1.25 MN from ah! Ventures Angel Platform, JITO Incubation & Innovation Foundation, HEM Angels, Bestvantage and Beej Network. The current round was led by JITO Incubation and Innovation Foundation (JIIF). ah! Ventures has done 204 investments in 125 startups till date taking its total investment portfolio to INR 434 CR (~54 MN USD) with 16 exits and 48 follow on rounds. 50 investments have happened through all three platforms and the fund in 2023. |
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| According to Twyn, the funds will be used to expand across auto, petrochemicals and steel hubs in the Middle East and Europe. In addition, the startup will be strengthening its leadership team in India and in Dubai, to support its growth plans and market expansion. Twyn claims to leverage emerging technologies like AI and spatial computing to create extended reality-based digital twins for manufacturers to turn their units into smart factories. |
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| Founded by Avi Dahiye, Twyn powers enterprises across auto, oil and gas, steel, pharmaceuticals, FMCGs as well as smart city projects to deploy high-fidelity digital twins. |
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| The phygital twins, the startup claims, help replicate a live and connected version of the physical asset and environment and brings back insights from the digital twin to the physical environment for on-ground optimisation of machinery, inventory, and human resources for the manufacturers. This helps enterprises monitor their factory floors remotely, helping them transform their factories to smart factories. |
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| Twyn’s clients include HP, Samsung, Panasonic, P&G, Uno Minda and JBM Group, among others. |
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| Commenting on the fundraise, founder and CEO Dahiya said, "Indian manufacturers and OEMs are gradually shifting towards artificial intelligence and deeptech for faster and seamless operations. There is also a concerted effort by large manufacturers and OEMs to adapt to Industry 4.0 where the role of artificial intelligence, robotics and immersive reality is far more pronounced than earlier times. This puts us in a great position of strength as Twyn is offering the most advanced technology for phygital twins that can power manufacturers to embark and expedite their digital transformation in the shortest possible time. |
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| Rishit Parikh, Deal Lead - Twyn and Venture Partner ah! Ventures said, “Digital Transformation is a USD 600 billion market growing at 21.1% CAGR and will become USD 1.55 trillion market by 2027. Twyn is a National level partner with HP and Global partnerships with Microsoft, Oracle, GE, TCS, and Siemens are in progress. Existing client list includes Fortune 500 companies such as HP and Samsung, which are also their repeat and oldest customers. Twyn has everything to become the next big success story." |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in |
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| ah! Ventures is one of the world's largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto INR 1 CR (~USD 150K), Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 6000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 434 CR (~54 MN USD) in 125 startups & 204 investments and have announced 16 exits & 48 follow on rounds. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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