Inventor of Desi Robots

How Invento Robotics, Bengaluru-based robotics firm happened
Inventor of Desi Robots
Image credit: Entrepreneur India
2 min read
Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Balaji Viswanathan, 35, has learnt his money lessons. The Bengaluru-based robotics firm, Invento Robotics, happened only after he crossed many hurdles in more than a decade. Starting with a team of just three in 2016, Invento Robotics now employs 23 people.

It plans to launch its subsidiary in Dubai. Balaji says, “Our robots provide contextual customer engagement through speech and allow third parties (industries) to tweak their functioning suitable to their requirements. It helps firms offer their customers a personal experience through face recognition, initiating conversations and automating a variety of jobs leading to a decrease in operation costs.”

The company has adopted a cautious approach while charting its growth. Balaji says, “At each point, we wanted to make sure that we are profitable. The goal was to consistently create a new IP and develop its brand image.”

Perhaps, the commitment to making profits from the beginning dates back to 2005, when Balaji interned in a US-based defence company which suddenly ran out of money. His belief got credence when he launched his own Edtech startup, NalandaU, in 2009 and Zingfin.com - a Fintech startup in 2011, both of which could not convince VCs.

Balaji says, “I realised that I was ahead of the market by a year or two.” His third initiative Limitless, which aimed to help people stick to productive habits, got huge traction but failed to monetise. Balaji says, “I realized that a startup owner should stay in the market for a prolonged period. It is essential to earn money from the beginning.“ Invento is on a fundraising round and expects to clock revenues of Rs 30 crore for FY20.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.