EvolveX Invests Undisclosed Amount in Pre-Seed Round of Deltafour
EvolveX, an early-stage program founded by We Founder Circle, that has
been providing high-impact acceleration to early-revenue startups from
various sectors, has announced its latest investment in Deltafour, India’s 1st Unified
Process Digitalization Platform. This game-changing startup caught the
attention of investors while participating in EvolveX’s Cohort 3, launched in
April 2023.
In its pre-seed funding round, Deltafour successfully raised an
undisclosed amount with EvolveX taking the lead. Notable investing platform
like We Founder Circle, as well as preeminent investors including Neeraj Tyagi,
Bhawna Bhatnagar, Vikas Aggarwal, Abhinav Ayan, and Anirban Chakraborty also
participated and contributed to the investment. The raised funds will be
strategically utilized to invest in team expansion, technology development, and
go-to-market initiatives. With this financial backing, Deltafour is
well-positioned to scale its operations and extend its revolutionary industrial
solutions to a broader audience, leaving a lasting impact in the industry.
Commenting on the investment, Bhawna Bhatnagar, Co-Founder of
EvolveX, stated, “Deltafour’s Unified Process Digitalization
Platform addresses a serious concern in the industrial landscape. The
prevalence of widespread accidents and inefficiencies in manufacturing plants
due to manual processes calls for effective solutions like theirs. By
automating and streamlining critical processes, Deltafour has the potential to
significantly enhance safety measures and operational efficiency, thus making a
meaningful contribution to improving industrial practices. We are committed to
providing Deltafour with all the necessary backing to help them scale their
operations effectively.”
Deltafour envisions to redefine industrial maintenance, operation, and
safety, propelling industrial excellence across process and manufacturing
industries with its advanced proprietary solutions. The startup offers India’s
First Bluetooth padlock-enabled digital lockout-tagout solution, which has
proven to significantly impact downtime and productivity while eliminating LOTO
violations.
The founder and CEO of Deltafour, Mr. Mahabisweswar Das, is a graduate
of NIT Warangal with a background in industrial maintenance at Vedanta Ltd.
Witnessing widespread accidents and inefficiencies in manufacturing plants due
to manual processes, sparked his passion for improved safety measures.
Motivated by this, he started working on Deltafour in October 2021, dedicating
himself full-time to the mission in July 2022 to revolutionize industrial
processes and accelerate industrial excellence using advanced proprietary
solutions.
Mahabisweswar Das, Founder and CEO of Deltafour, expressed his gratitude, stating, “We are incredibly grateful
for the trust and belief shown by our investors in Deltafour. The funds raised
represent a significant milestone for our startup. With this support, we are
poised to scale our operations and bring our revolutionary industrial solutions
to a wider audience, making a lasting impact in the industry.”
EvolveX is a leading force in fostering innovation and offering
unwavering support to promising startups on their path to success. By investing
in Deltafour, the accelerator reaffirms its strong commitment to nurturing
revolutionary ideas that have the potential to transform industries and tackle
pressing challenges with determination.
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