STARTUP-STORIES

Visual Telematics Startup Cautio Secures ₹6.5 Crore in Pre-Seed Funding Round

Visual Telematics Startup Cautio Secures ₹6.5 Crore in Pre-Seed Funding Round

SUMMARY

Cautio, a visual telematics startup founded by Ankit Acharya and Pranjal Nadhani, has raised ₹6.5 crore in a pre-seed funding round led by Antler, 8i Ventures, and AU Small Finance Bank, with participation from early customers and angel investors.


The company offers cost-effective video telematics products and AI-powered solutions aimed at improving driver conduct and road safety, targeting the commercial passenger sector and engaging in multiple pilot projects across India.

Visual telematics startup Cautio has made headlines by raising ₹6.5 crore in a pre-seed funding round. This significant funding round was led by prominent investors Antler, 8i Ventures, and AU Small Finance Bank. The funding mix, comprising both equity and debt, also saw participation from Cautio’s early customers and angel investors, highlighting the strong belief in Cautio’s vision and potential.


Founded by Ankit Acharya, a former senior executive at ride-hailing firm Namma Yatri, and Pranjal Nadhani, a former senior engineer at Dream11 and Urban Company, Cautio is dedicated to addressing road safety challenges through innovative and cost-effective video telematics products. The company’s solutions are tailored to mitigate road safety issues by enhancing driver conduct and accountability.


"Cautio’s customizable dash cam devices and AI-powered operating system represent a significant advancement in telematics technology," said Acharya. "The industry has evolved from GPS, Bluetooth, and portable navigation to embedded connectivity. Initially focused on passive road safety measures, the emphasis is now shifting towards active real-time responsiveness due to high accident rates."


Cautio’s primary focus is on the commercial passenger sector, where it counts several mobility and logistics companies and institutions among its clients. The company is also actively engaged in multiple pilot projects across India, demonstrating its commitment to improving road safety nationwide.


Nitin Sharma, partner at Antler India, expressed excitement about supporting Cautio’s founders. "As investors, we are excited to back founders like Ankit Acharya and Pranjal Nadhani. Their ability to integrate cutting-edge technology into accessible and cost-effective solutions positions them uniquely to redefine road safety," Sharma said.


Cautio operates in a competitive market alongside established companies such as Lightmetrics, Samsara, Fleetmatics, and Lytx. However, Cautio’s unique approach and innovative solutions set it apart in the rapidly advancing field of telematics.


Cautio’s recent funding round marks a significant milestone for the startup. With strong backing from reputable investors and a clear vision for enhancing road safety, Cautio is poised to make a substantial impact in the telematics industry. As the company continues to grow and innovate, it will undoubtedly play a crucial role in redefining road safety standards in India and beyond.

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July 1, 2024

Kalpana Maurya