Gujarat-based IoT Startup Company receives Series A investment from venture capital firm GVFL

by | Mar 16, 2019 | IoT Companies

The new IoT startup, EroNkan Technologies Pvt. Ltd. has come up with a productive result in terms of securing investments. The startup provides an IoT-based platform tailored for enterprises across various industries and verticals. Even though the amount of investment remains undisclosed, it is clear that the venture capital firm, GVFL Ltd. has provided Series A investment to EroNkan.

According to latest IoT information, EroNkan would capitalize on the newly acquired funds for improving its IoT platform as well as the scalability of its operations. Furthermore, an official statement from the IoT startup company indicated the use of the platform for providing tools, consulting services, insights on industrial processes and technology as well as provision of shop-floor dynamics and machine performance improvement. The statement also added that these functionalities of its IoT platform could be helpful for various businesses and enterprises for reaching on punctual decisions at the level of senior management and at the ground level.

The IoT platform of EroNkan has promising opportunities to offer in terms of IoT automation for improvement in availability, productivity and quality throughout various industry sectors such as manufacturing, food and beverages as well as pharmaceuticals. Additional information in this context also implies towards the productive aspects of EroNkan’s IoT platform for manufacturers in order to monitor operational equipment performance in real time. The IoT Company’s official statement also states that these features can account for positive outcomes such as reduction of wastage as well as improvement of quality and productivity.

Different IoT newsletters have informed that EroNkan is a startup based in Ahmedabad which was established in 2014 by Ketan Parekh, Rajan Vasa and Vish Desai. The founders have stated that the support of GVFL would enable the faster growth of EroNkan in the Indian market alongside planning on entry into international markets. They further added that the funds provided by GVFL could be used by EroNkan for conducting trials and research which are vital for product development.

**This post was published on https://www.vccircle.com

Neelam Dimri

A post graduate and gold medalist in English literature with a great passion for writing. I am an avid blogger and love to write technical and nontechnical Articles, Blogs, e-books, the latest platform of global interest. I firmly believe in the healing power of writing and how it works fantastically to improve one’s creativity as well as personality. Life is too short to express yourself so, keep writing and enjoying.