Mumbai Angels Network Invests $1 Million in Defence Tech Startup BBBS
CEO Insights team, 0
Praveen Dwarkanath Co-Founder & CEO, BBB, says, “We are excited to take next steps in our growth at BBBS. We are thrilled to partner with MA Network who have not only supported us in raising funds but also connected us to their vast network of investors for business synergies. We will now have an addition of highly intellectual and well placed people across the country. We view this as a competitive advantage.”
Founded in 2018 by Praveen Swarkanath and Dr. Shivaraman Ranaswamy, BBBS develops integrated intellectual properties for defence. It has won two iDEX grants in two product categories with SPARK grants of Rs.3 crore from the Department of
We are seeing a dynamic shift in how the government is looking at defence as a sector for startups to innovate, research and build technologies from ground-up and put India on the global footprint
Innovation, and is on track to deliver high technology systems to the Indian Armed Forces. BBBS also has collaborations with high technology players and individuals across the country.
Mahesh Agarwal, Mumbai Angels Investor comments, “BBBS has a lot of potential to grow with FDI Investment policy and now Indian Government tenders up to Rs.200 crore to Indian companies only policy will boost innovations. BBBS has proven records of winning iDEX challenges.”
Nandini Mansinghka, Co-Promoter & CEO, Mumbai Angels Network, comments, “We are seeing a dynamic shift in how the government is looking at defence as a sector for startups to innovate, research and build technologies from ground-up and put India on the global footprint. We are happy to welcome BBBS in our expanding diversified portfolio and participating in this industry-defining the near future and is the backbone of our economy.”