Anicut Capital Invests INR 60 Cr in BlueBinaries This investment will enable the Chennai-based platform to enhance its capabilities in software-defined vehicles (SDV) and digital mobility technologies, as well as drive its global expansion.

By Entrepreneur Staff

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

Company Handout

Engineering and technology services company BlueBinaries announced that it has raised INR 60 crore (USD 7.2 million) in a mix of debt and equity round led by Anicut Capital.

This strategic investment reinforces BlueBinaries mission to deliver cutting-edge technological solutions and services for the mobility industry while driving its global expansion.

"This investment from Anicut Capital is a significant milestone for BlueBinaries," said Kishore LM, Co-founder, President and COO of BlueBinaries. "It will enable us to build on our existing robust customer base of OEMs and Tier I automotive suppliers across geographies, enhance our SDV and digital capabilities, and continue delivering cutting-edge solutions to meet the evolving demands of the industry."

Founded in 2017 by Srinivas Aravapalli and Kishore LM, BlueBinaries focuses on accelerating the development of software-defined vehicles (SDVs) with E/E architecture design and development services and digital technologies like cloud, Devops, AI/ML, cyber security, and IOT solutions for its customers.

The Chennai-based platform claims to serve a diverse customer base in Europe, UK, USA and APAC. It aims to deliver cutting-edge technological solutions and services for the mobility industry.

"The overall automotive electronics and software market is expected to grow to over USD 80 billion by 2030, with an increase in demand for safer vehicles, advanced connectivity, and next-gen mobility solutions accelerating digital adoption across the world," said Dhruv Kapoor, Partner, Anicut Capital. "With deep industry knowledge and strong engineering capabilities, we believe BlueBinaries is well-positioned to lead the industry with end-to-end mobility offerings."
Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Most Popular

See all
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

By Eve Gumpel
Growing a Business

Don't Wait For Customers to Find You — Here's How to Go to Them Instead

In today's hyper-connected world, passive customer engagement is no longer enough — businesses must proactively deliver timely, relevant value within customers' existing digital journeys to truly stand out.

By Jordan Glazier
News and Trends

illumine and Seven Raise Early-Stage Funding

The below brands have announced their latest funding rounds.

By Entrepreneur Staff
Living

Learn From Top Nonfiction Books Without Reading Them All With This App

Get caught up with 15-minute summaries of nonfiction best-sellers with Headway Premium.

By Entrepreneur Store
Growing a Business

Selling as a Founder Is Brutal — It Was Also the Reason We Reached $400M in Revenue

Selling is one of the hardest parts of building a startup, but arguably the most important. This piece shares hard-won, tactical lessons from my early days, offering a blueprint for founders navigating the messy reality of doing sales with no team, no leads and no playbook.

By Zain Jaffer
Business News

AI Is Going to 'Replace Everybody' in Several Fields, According to the 'Godfather of AI.' Here's Who He Says Should Be 'Terrified.'

Geoffrey Hinton, called the "Godfather of AI" due to his pioneering work on AI, says some fields face a heavier risk of replacement due to automation.

By Sherin Shibu