QuEST Global Announces Winners of 10th Edition of ‘Ingenium’

• Team from P.E.S. Institute of Technology, Bengaluru wins top honors for their software concept that detects Parkinson’s disease at an early stage
• Bennett University, Noida, and P.E.S. College of Engineering, Mandya teams recognized as first and second runners-up positions respectively
• Mentored by a dedicated team of industry experts from QuEST, the winning teams demonstrate innovative thinking that help solve real world challenges and pave the path for a better, safer and smarter world

QuEST Global, a global product engineering services company, announced the winners of the 10th annual ‘Ingenium’ competition. Ingenium is an initiative aimed at fostering innovation and an entrepreneurial mindset amongst engineering students. Through Ingenium, QuEST provides a platform for the young talent of India to apply their engineering skills to solve real world problems. This year’s winners are selected from over 6000 teams and were selected based on the uniqueness of their ideas, application into the real world, demonstrability and cost effectiveness.

We are happy to congratulate the P.E.S. Institute of Technology (PESIT), Bengaluru, for their first place win. PESIT’s Loganyaa Senthil, Niraj Anil Babar, and Rohan Pillai created a software proposition to aid doctors in the early detection of Parkinson's disease. It not only detects the disease but is also designed to predict the stage of the disease, helping doctors adopt the right course of treatment from an early stage.

Penumudy Tanvi and Vysyaraju Sampath Raju from Bennett University, Noida, and Manikant Amaresh Savadatti and Suryakantha from P.E.S. College of Engineering (PESCE), Mandya are the first and second runners-up respectively. Bennett University students developed solutions intended to effectively reduce the time of image search on the web. The second runners-up utilized artificial intelligence to create an advanced, cost effective robot that acts as an assistant to primary healthcare providers in hospitals. The robot helps reduce front line workers contact with patients by delivering medicines, basic health monitoring and delivering audio and video messages.

Speaking on the announcement Shrikant Naik, Global Head – Delivery, QuEST Global said, "Ingenium demonstrates QuEST’s commitment to investing in people and our community by providing young engineering talent a platform for experiential learning. The creativity, resiliency and uniqueness of the ideas presented by the students fuels my belief in the young engineering talent of our country. I appreciate our sponsors, Wabtec Corporation, India, and Ingersoll Rand Technologies and Services Private Limited for their shared vision in nurturing young engineers and helping to provide a platform to showcase talent.”

Mr. Yogesh Kumar, Vice President – Technology & India Engineering, Wabtec Corporation, said, “Innovation is the core belief of Wabtec. We have partnered with QuEST for Ingenium as it amplifies that belief and it is one of the key drivers for our strong relationship with the company. I am overwhelmed to see the depth and breadth of ideas coming from our young minds. These have true potential to solve complex problems of tomorrow across industries. Congratulations to all the winners and participants!”

“It feels great partnering with QuEST and making life better for communities around us. I am delighted to witness the next generation of engineers work on unique ideas that utilize technological advancements for the benefit of the society. Makes me feel proud of the students who participated. We wish all the winners the very best for their future.” added Mr. Ramesh KV, Engineering Director, IRETC, Ingersoll Rand Technologies and Services Private Limited.

Ingenium demonstrates the company’s commitment to successfully utilize its engineering expertise to bridge the industry-academia gap and create a pool of a skilled workforce who will eventually help bridge the skill gap that currently looms over the industry. For the past 10 years, this annual forum has provided an opportunity to identify, support and nurture the skills of engineering students and help them live their dream of bringing their ideas to life.

About QuEST Global:

For nearly 25 years, QuEST Global has been a trusted global product engineering services partner to many of the world’s most recognized companies in the Aerospace & Defense, Automotive, Energy, Hi-Tech, Healthcare and Medical Devices, Rail and Semiconductor industries. With a presence in 13 countries, 54 global delivery centers and 12,000+ personnel, QuEST Global is at the forefront of the convergence of the mechanical, electronics, software, and digital engineering innovations to engineer solutions for a safer, cleaner, and sustainable world. QuEST Global’s deep domain knowledge and digital expertise help its clients accelerate product development and innovation cycles, create alternate revenue streams, enhance consumer experience, and make manufacturing processes and operations more efficient.

Edtech Startup Ingenium Raises Seed Funding from Lead Angels, IAN & others

• Ingenium will use the fresh funds to scale up its operations, strengthen adaptive assessment technology, improve product and expand the team
• The startup provides a state-of-the-ART technology, a white-labeled platform for coaching institutes, schools, home tutors and parent.
• Some of the key offerings of Ingenium platform include adaptive assessment, in-depth academic analysis, and real-time teacher-student-parent interaction

New Delhi, May 19th, 2021: Ingenium, an EdTech startup offering white-labeled platform, has raised an undisclosed amount of seed funding led by Lead Angels. IAN, an existing investor, has also invested in this round along with iAngels Network of India Accelerator, Faad Network, and Hem Angels.

The fresh funds raised will be utilized by the startup to further scale up its operations, strengthen adaptive assessment technology, improve product and expand the team.

The innovative startup is providing a SaaS platform to small and medium sized education institutes and helping them to grow and manage their business better.

Speaking on the development, Pramudit Somvanshi, CEO of Ingenium said,

We are thrilled to have Lead Angels Network lead the current round and grateful for the continued support by our investors. This investment round will help us to scale our engineering and sales team, make our product seamless for our customers, and introduce new features and revenue streams.

Founded by IIT Roorkee graduates Pramudit Somvanshi, Mohit Patel along with IHM Mumbai alumnus Aakash Gupta in May 2018, Ingenium provides a state-of-the-technology, a white-labeled platform for coaching institutes, schools, home tutors and parents. Besides, Ingenium app boasts a combination of administrative, academic and marketing features.

Expanding its reach, the Noida-based startup has connected over 150,000 students, 3,000 teachers in almost 100 cities all over India as of 30 April 2021. Furthermore, the startup’s monthly recurring revenue increased 5x in the last 2 months and it also witnessed the best ever sales during the month of April 2021.

There are around six million small and medium institutes in India. Current COVID situation and rise of competitive EdTech companies have compelled these institutes to adopt digitization. Ingenium is providing a full stack digitization platform to these institutes where they can take their institute completely online and scale themselves.

Some of the key offerings of Ingenium platform include adaptive assessment, in-depth academic analysis, and real-time teacher-student-parent interaction. This holistic offering has also increased the adoption rate of the platform.

“The pandemic has further accelerated the adoption of online education for all teachers and institutes. This is where Ingenium is helping the smaller players in technology adoption with cutting edge features. As investors, we see a lot of value creation through democratization of technology and providing a level playing field for smaller players in the education market. We are glad to back passionate Founders, who are bringing a change in the existing education system,” said Kushal Khandwala, avid investor & member of Lead Angel Network.

Ingenium will further work on strengthening partnerships with existing players in tier 2 and tier 3 cities. Additionally, the startup will be aggressively working on adding new revenue streams based on B2B marketplace, content subscription and adaptive assessments.

“The in-depth knowledge of founders on the target customer segment and incorporating all the customer requirements in a single platform should help in hyper growth for the company. We see the company scaling rapidly as the platform becomes more robust,” said Kruti Raiyani, Regional Head – Lead Angels.

Further adding on the investment, Vikas Kuthiala, Lead Investor from IAN said, “Ingenium is empowering brick-and-mortar coaching centers across India with a digital platform that is helping continuity of education for K-12 cohort in multiple local languages and the full spectrum of socio-economic classes across the country. This is the best, easy-to-use tool in the hands of India's traditional shadow school system to help teachers and students alike. Ingeniun is targeting a billion-dollar business opportunity and aims to be among the leaders in this market in the coming years. We wish the founders good luck for their future endeavors”

About Indian Angel Network

Indian Angel Network is India’s first and world’s largest business angel network with close to 500 members across the world, comprising the who’s who of successful entrepreneurs and dynamic CEOs. With investors from 12 countries, IAN’s presence spans 7 locations, which includes cities in India and the UK. The network is sector agnostic and has funded start-ups across 17 sectors in India and 7 other countries growing global footprint companies. With an excellent track record, IAN has been giving excellent cash exits year-on-year to its investor-members, for the last 11 years. Some of its marquee investee companies include Druva, Box8, Sapience Analytics, WOW Momos, Consure, Fareye amongst many others.

IAN has also launched the IAN Fund, an INR 375 crore fund, is a uniquely differentiated seed/early stage Fund which aims to transform India’s entrepreneurial landscape. The fund invests in innovative companies in sectors including healthcare and medical devices, VR, AI, software as a service, marketplaces, fin-tech, big data, artificial intelligence, agritech, and hardware. With this, IAN has created the single largest platform for seed and early-stage investing, enabling entrepreneurs to raise from Rs. 25 lakhs to Rs. 50 crores.