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The Chennai Angels (TCA) today announced an investment of around Rs 3.5 crore in Silvan Innovation Labs Private Limited, Silvan is engaged in developing products and solutions for home automation.
"Silvan has a strong team, an excellent product portfolio and is trusted by several leading developers in India. We are pleased to be associated with them," said Ramaraj who leads the investment from The Chennai Angels.
Silvan is a builder driven home automation space and has launched its consumer products wherein it is providing solutions for retrofit homes.
Silvan's founding team consists of veterans from the decades old electronics industry and has a team of 70 people, it has developed products which are architected for Indian lifestyle and has quickly made its name as one of the most trusted company in this domain with leading developers adopting its solutions as a default spec in their properties.
