Nandan Nilekani funds robotics firm Systemantics

Venture capital giant Accel Partners and Infosys cofounder Nandan Nilekani has funded the robotics firm Systemantics, which builds industrial robots for the manufacturing sector. The last time it had received funding was in 2013, when Blume Ventures had invested in the firm.

Systemantics was founded by IIT-Madras alumni Jagannath Raju in 1995.

This is the seventh venture that Nilekani has backed. He has earlier invested in early-stage start-ups which he believes to be building highly impactful disruptive ideas.

In the past one year, Nilekani has backed Team Indus, Fortigo, Mubble, Juggernaut, Lets-Venture and Power2SME, while co-investing in a number of these ventures with Accel, including Fortigo and Power2SME.

Even though Systemantics likes to keep a low profile, it has quietly worked on custom robotics projects with the Government, as well as with tech giants like Titan and Hindustan Aeronautics (HAL).

"Systemantics is Make In India truly at work - with India's cost structure advantages and innovative design efficiency at full strength. This core belief drove our decision to back them. Their seasoned management team's executional ability, coupled with deep-tech IP, could eventually challenge global incumbents," Sanjay Nath, managing partner at Blume Ventures, told ET.

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