Ahmedabad-based robotics startup Ishitva raised $1 million in pre-series A funding round led by Inflection Point Ventures (IPV). Ishitva is an OEM operating in dry waste sorting technology using AI, ML, IoT industry 4.0 to solve the issue of sorting complex waste. The funds raised will be used for growing sales and expanding the R&D team.
Many waste management and plastic value chain players and veterans also participated in the round, including Kamaljyot Investments (subsidiary of Excel Industries Ltd), Gandhi Family from GRP, AVI Global Plast Private Limited, Anup Gulati COO at Quality Maritime Provider, Harinder Arya president & div CEO