The Chennai Angels (TCA) has announced its investment
in Leanworx, a leading provider
of real-time machine monitoring solutions for manufacturing industries, as part
of an INR 8 crore funding round led by YourNest Venture Capital.
Leanworx is a
plug-and-play Industry 4.0 product already used by some of India’s best-known
manufacturing companies across diverse sectors such as automobile,
aerospace, defence, food, plastics, and packaging. The solution typically
improves capacity utilisation and productivity by 20–25% within just
four months of deployment.
The newly raised capital will be used to accelerate
marketing, expand into new geographies, and advance product development,
both in India and internationally.
“We are thrilled to have the backing of The
Chennai Angels, whose members bring not just capital but also strategic
guidance and mentoring,” said Dasarathi GV, Co-Founder of Leanworx.
“This investment marks a major milestone in our journey to transform
productivity in manufacturing through real-time machine monitoring. It will
help us expand globally, diversify into other industry verticals, and
strengthen our product through enhancement and certification. We aim to become
a dominant player in this sunrise sector in India and other high-density
manufacturing countries worldwide.”
Many manufacturing firms still rely on manual,
paper-based data collection systems, which often result in low machine
utilisation—typically between 30–50%. Leanworx
addresses this with a cloud-connected, IoT-enabled solution that delivers
accurate machine data to managers in under a minute, compared to the 24–36
hours traditional systems require.
Subu D Subramanian,
Investment Director at The Chennai Angels and CEO & MD of MS2 Ventures,
commented, “We at The Chennai Angels are thrilled to back Leanworx, a
leading provider of IoT and SaaS solutions with deep AI features for the global
discrete manufacturing industry. Their simple, innovative, home-grown,
plug-and-play solution with zero customization and DIY deployment is incredibly
compelling. Backed by a strong founding team and an impressive customer base,
Leanworx aligns perfectly with India’s mission of ‘Make in India, Make for the
World.’ We’re excited to support their next phase of growth.”
The Industry 4.0 shop floor monitoring market in India
includes over 3 lakh metalworking machines and 9 lakh FMCG machines, with a
global market 60 times larger. Leanworx is poised to capitalize on this
opportunity with its scalable and proven solution.
