Indian School of Business (ISB) mentored robotics startup secures funding from Murugappa Group’s subsidiary

By Team Marcomm Nov 06, 2023

ISB’s nurtured agriculture robotics startup, XMachines, secures seed funding from Coromandel International.

ISB’s expertise in initial mentoring and handholding startups was again demonstrated when robotics startup XMachines secured seed funding from Dare Ventures, the venture capital arm of Coromandel International, a key subsidiary of the Murugappa Group. This is a testimony that future-ready projects will continue to receive increased attention, and diligent mentoring during the early phase will yield good dividends.                       

DLabs at the Indian School of Business (ISB) offered early support and guidance in nurturing XMachines to become industry-ready. The startup, which belonged to the 2021 cohort, was supported with seed funding under the NIDHI - SSS (National Initiative for Developing and Harnessing Innovations - Seed Support System) scheme by the Department of Science & Technology, Ministry of Science and Technology, Govt. of India. XMachines brought to the fore their focused and original project, which has evoked an excellent response from the stakeholders.

XMachines is a robotics company pioneering the development of AI-based robots catered to the needs of farmers. With a mission of course correcting current agricultural practices towards sustainability, XMachines has pioneered the development of compact autonomous robots capable of an array of agricultural tasks, such as seeding, weeding, spraying, and planting. These robots can be conveniently used on small farms, enhance cultivation efficiency, and reduce chemical usage through data-driven agricultural practices.

Expressing delight over the seed funding to XMachines, Saumya Kumar, Director, I-Venture @ ISB said, “We are sure the success story of XMachines will encourage others in the sector to pursue more of such innovative and futuristic initiatives, which would go a long way in promoting sustainable agricultural practices in the country. I-Venture @ ISB is committed to offering the latest and emerging pre-incubation; incubation and acceleration guidance to the startups.”

Trivikram Kumar Dogga, Founder and CEO of XMachines said, “We are integrating automation with agriculture, making it fun, convenient, and profitable for today's and tomorrow's farmers. We foresee a future where there is a robot on every farm and agriculture happens in an intelligent and data-driven manner in harmony with climate change and the growing needs of the population.”