Mumbai, 25th November, 2020: Kerala – based technology driven startup Inntot has raised an undisclosed bridge round from Unicorn India Ventures. Unicorn India first seeded the company in 2018. Inntot focuses on providing high quality and cost effective IP solutions for next generation digital media broadcast receivers , namely, Digital Radio Mondiale (for AM and FM bands ) Receivers, DAB/DAB+ Receivers, CDR Receivers and ISDB-T Receivers and HD-Radio receiver in collaboration with Xperi.
The Company plans to use the funds to procure highly sophisticated and precision digital radio test equipment that is required for RF and timing performance testing for all the digital radio broadcast receiver standards, namely ; DRM in AM and FM bands, DAB/DAB+, HD-Radio, CDR.
Inntot Technologies incorporated in 2014 by Prasanth Thankappan, CTO, Inntot Technologies and Rajith Nair, CEO, Inntot Technologies, aims to provide a cost effective and high-quality digital media broadcast receiver solutions across the globe. SDR receiver solutions of Inntot covers the following digital radio broadcast standards and geographies;
- DRM : India, Russia, South Africa, Indonesia etc
- DAB/DAB+ : Europe, Australia, Middle East etc
- HD-Radio : USA, Canada, Mexico etc
- CDR : China
Rajith Nair, Co-founder CEO, Inntot Technologies says, - "Our objective is to enable Inntot to provide high quality and cost-effective Digital Radio Broadcast Receiver solutions across all geographies. Be it inside cars, houses or smart phones. The continued support from Unicorn India is a testament to the success we have achieved so far and the growth plans that are chalked out for the next 2 years."
Inntot has licensed its digital radio receiver solutions to multiple Tier-1 customers including Clarion and Telechips.
Anil Joshi, Managing Partner, Unicorn India Ventures says – "We entered Inntot two years back and since then have seen Inntot's growth and their ability to create IP which will work in global markets like the US, Europe and China. We have extended this additional funding so that they can develop more IPs and scale up faster. It is the only Company in India which can serve multiple bandwidths across different markets."
About Inntot :
Inntot Technologies is a technology driven company with prime focus on enabling cost effective and high quality next generation digital media receivers. Inntot has SDR IP Solutions for Digital Radio Mondiale (DRM in AM and FM bands) Receivers, DAB/DAB+ Receivers, CDR Receivers, ISDB-Receivers and is all set to play a pivotal role in the Analog Sunset of AM and FM broadcast radio transmission paving way to Digital Radio Transmission in the near future. Inntot Technologies is a winner of several prestigious awards including ASSOCHAM 4th ICT startup awards 2020, Digital Radio Mondiale Enterprise Award 2019 and CII Industrial Innovation Awards for the Best Service Start-up 2017. Inntot is a member of Digital Radio Mondiale Consortium, WorldDAB and has collaboration with Xperi for HD-Radio receiver solutions.
Unicorn India Ventures is a Mumbai-based VC that started in 2015 by Anil Joshi and Bhaskar Majumdar. The Fund has also launched a UK India cross border fund for funding UK startups looking to enter India and have invested in 7 UK startups. From its first Fund, UIV has invested in 18 companies like Inc42, Sequretek, Pharmarack, Genrobotics, NeuroEquilibrium, SmartCoin, Open Bank, Open app to name a few. Unicorn India has also announced Fund II, which is a Rs 400 crore fund launched in 2019. It has also marked its first close of Rs 90 cr and has announced 6 investments.
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