Defence tech startup, Big Bang Boom Solutions, on Thursday has raised $1 Million through Mumbai Angels Network in their overall $1.5 Million Series A funding round.
Big Bang Boom Solutions, Chennai was founded in 2018 by Praveen Dwarkanath and Dr Shivaraman Ramaswamy and is a defense startup and a deep tech defense solutions integrator. BBBS’s interests are in manufacturing and development of indigenous defense and allied technologies. The startup’s development partnerships in India helps in large scale manufacturing of Personal Safety Drone along with a Security on Demand logistics solutions for the Indian market.
Praveen Dwarkanath Co-Founder & CEO of BBBS said, "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."
The startup claims to have in house capabilities to develop critical solutions for the security and defense space and are currently developing a number of indigenous technologies, including the previously won iDex challenges such as 360 Advanced Battle Interface – 360 view for Armored Vehicles – iDex Challenge, Anti-drone defense system – iDex Challenge, T-series Unmanned Tank Development – co-development along with AmPRO and T&T, USA, BN based Hybrid Armor for Personnel – in house development, AI based - Smart fencing system, Drones for riot control “Flying Warden” – in house development with Thanos Tech, Spray Based Coagulant - wound healing and dressing, Exoskeleton for enhanced physical abilities, Blood flow monitoring probe and medical implant and COVID 19 Solutions - Test Kits, Ventilators and Drone Sanitization
The startup is on track to deliver high technology systems to the Indian Armed Forces. They also have other technologies which they have developed in-house. They also have excellent collaborations with high technology players and individuals across the country. The company has received earlier investment from an Individual investor to the tune of Rs 5 crore.
Commenting on the investment, Mahesh Agarwal, MA Investor said "BBBS has a lot of potential to grow with FDI Investment policy and now Indian Government tenders up to 200Cr to Indian companies only policy will boost innovations. BBBS has proven records of winning iDEX challenges."
Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network, commented, “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”.