Silvan Innovation Labs raised Rs. 6 Crore through equity investment,
made by Infuse Ventures. Startup aims at home automation and energy management solutions. Currently working upon B2C segment has served many players like Lodha group, Tata Housing Developing Company etc.
Plans-
“We also have entertainment oriented products like the zPly, which is a digital music zoning system that streams and plays centrally stored music anywhere within the house, and Lumos, an easy retrofit light automation which can automatically dim and brighten lights in different parts of the house through a few taps on a smartphone; this can also be used through conventional switches,” said Avinash Gautam, CEO of Silvan Innovation Labs.
Launched in 2008, startup has bagged Rs. 13.5 Crore up to now. It has
The next step from the company would be to introduce the products in market across 5000+ retail stores in upcoming six months all over India. The reason of traction from tier-2 and tier-3 cities was stated as the company’s USP viz. its products are cost effective, with a price range of Rs 12,000-50,000.
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