IoT startup Tsecond raises ₹2.59 crores from LEPL USA Inc., others


Online Dating Industry in India

Online Dating Industry in India, a ₹539 crores crores opportunity

According to the 2011 census, more than 8.5 crores urban Indians were single and potentially looking for partners. The recent judgements by the Honourable Supreme Court of India decriminalising adultery and consensual LGBT relations...


8 Ways to Draw Attention to Your Business or...

Marketing is your key to getting a great service or product noticed. When you want to bring attention to your business, it doesn’t have to cost a fortune. There are eight main ways to...

Nagpur-based IoT startup Tsecond Generation Technology has raised ₹2.59 crores from US-based tech fund LEPL USA Inc, a wholly owned subsidiary of FutureTech Holding Company. Other investors like Jayant Chopde, CEO of Emergys Corporation, John Janakiraman, CTO of Emergys Corporation and Jai Shankar, Founder of Emergys Corporation also participated in the funding round.

The startup is incubated by Indian Angel Network’s Incubation and Mentoring Services as well as Nagpur Angels. With the latest transaction, the total funding of Tsecond stands at ₹5.25 crores.

Founded by Sahil Gurucharan Chawla in 2014, the startup develops innovative electronic products through research and development to solve problems. Tsecond also provides consultation and development services for customized electronic hardware solutions. Tsecond is technically supported by Napino Auto Electronics Limited, a Gurugram-based power, and auto electronic products manufacturer.

The startup has developed an IoT-powered Fuel Monitoring System called ‘E-Funnel’ which can be installed at the inlet of fuel tanks to give real-time notifications of fuel events. The product has been granted a patent in the United States. The data of the product can be accessed through a web application or smartphone app. E-Funnel works for fuels, oils, and chemicals.

Sahil said, “We faced tough times related to product development, team and funds, but as the old saying goes. Tough times don’t last but tough people do and so does the startup/company. When I chose the path of entrepreneurship I decided that there is no turning back. Turning your idea into reality takes a lot of efforts. Sometimes I felt as if there are a million disassembled pieces of a puzzle and I have to complete it without an image, the image of the complete puzzle you hold is only in your mind.”

Earlier last week, another Internet of Things startup SwitchOn raised ₹7 crores from pi Ventures, Axilor Ventures and other angel investors from The Chennai Angels. Another IoT startup Sparkyo also raised an undisclosed amount from Inflection Point Ventures this month. In April this year, Pune-based Altizon, an industrial IoT platform raised ₹49 crores from TVS Motor Company, the Singapore-based subsidiary of TVS Motors.

So, what are your thoughts on this story?
Tell us in the comments.

Boost Your Knowledge. Subscribe & Learn Everything about the Indian Startup Ecosystem

Divya Baral
Divya is the correspondent for the category "Funding News", "Funding Roundups" and author of "Fundraising Essentials". She has been writing for 10 years.


Please enter your comment!
Please enter your name here

Free Download WordPress Themes
Download Nulled WordPress Themes
Free Download WordPress Themes
Download Premium WordPress Themes Free
free download udemy course
download coolpad firmware
Download WordPress Themes Free

Receive Daily Funding Updates



* Terms & Conditions Apply