Silvan, Home automation startup raises Rs. 3.5 crore from Chennai Angels
Bengaluru, India | Red Newswire | Jan 22, 2016 Last Updated at 12:10 PM IST.
The home automation startup, Silvan has raised Rs. 3.5 crore from the Chennai Angels, the Chennai-based angel network. Silvan provides entertainment and security amenities at home.
R Ramaraj, the lead investor and co-founder of Sify, said, "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.”
This is first equity investment in Silvan. It has been into home automation business since 5 years. The company has been selling its service through commercial space builders, but now aims at reaching the home owners straightaway.
Some of its innovative products include the Video Door Bell that lets you monitor your doorstep through your phone, light control, AC and curtain control solutions.
Avinash K Gautam, CEO of Silvan said, “We will be on the e-commerce sites in the next six to seven months.”