Indian deep-tech startup Genrobotics has secured an ₹80 crore contract with Singapore’s water authority to deploy 44 robots for cleaning & inspecting sewer networks over the next two years. The company beat over 600 global firms following an 18-month evaluation.
This was particularly satisfying news for me because I invested in them in 2020.
And I invested because I was moved by the fact that their motive for starting the company was to create the ‘Bandicoot,’ for ridding the country of manual scavenging.
This was not a goal that would deliver them a fast path to an IPO and sky-high valuations & make them extraordinarily rich.
But it was a goal that would have a dramatic social impact.
Our municipalities were not just robbing workmen of their dignity, but putting their lives at risk. The Bandicoot robot would rectify that.
So, to paraphrase Robert Frost: They took the path “…less traveled by / And that has made all the difference”
In other words, they created a purpose-led company
And the news of their win in Singapore was gratifying because it signals that purpose and profits are not at odds with each other.
(Since that win, they also have won a ₹17 crore tender from the Ahmedabad Municipal Corporation (AMC) for the deployment of its advanced Bandicoot Mobility+ robotic sewer cleaning systems.)
Startups like Genrobotics that are created with a higher Purpose, are my #MondayMotivation
@WeAreKannur@NameFieldVoid Loved it thanks👍😁
‘ Mukku’ and “peedya “ as in ‘ mukkilulla peedya’ .. the shop in the corner 😀 that is where we used to gather for “dushippu “ parayal
Begumpet railway station has been in this condition for at least last 3 months with no end in sight for the work going on . Passengers have to dribble through the debris and clogged water
@PRANNOYHSPRI@PRANNOYHSPRI you are a great champion player. Your class was evident in your calm reaction after the win yesterday. Almost surreal. It was touching to see the way @PGopichand73 showing his belief in you every point from the sidelines. The Nation believe in You! Go for it Pranoy!
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@JohannShihan@cricketcomau Correction..India's 2nd choice bowlers delivered a top rated performance...problem converted into opportunities well taken by these brilliant youngsters..hats off !!
@Narryhyd Absolutely. With WFH and corporate endpoints moving to homes there is a greater possibility that guard gets lowered inadvertently or otherwise allowing malwares to get in thru the most unsuspecting routes