Cautio Secures Rs 6.5 Cr in Pre-Seed Round Led by Antler and 8i Ventures
- ByStartupStory | July 1, 2024
Cautio, a pioneering visual telematics startup, has successfully raised Rs 6.5 crore in a pre-seed funding round. The round was led by Antler and 8i Ventures, with participation from AU Bank, early customers, and notable angel investors. This investment, a mix of both equity and debt, marks a significant milestone in Cautio’s mission to enhance road safety through advanced telematics technology.
“Telematics in India has rapidly advanced 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,” said Ankit Acharya, Co-founder & CEO of Cautio. “India, ranking first in global road fatalities, recorded 1,68,491 deaths in 2022, with overspeeding responsible for 70% of these fatalities, along with approximately 4.4 lakh injuries. Video telematics and dash cams, driven by demand from the commercial vehicle sector, will be crucial in eliminating hearsay and enhancing road safety,” he added.
Cautio, which primarily focuses on India’s passenger commercial sector, currently serves a variety of institutions, mobility companies, and logistics firms. The startup is also engaged in several pilot projects nationwide, aiming to revolutionize road safety standards in the country.
“As investors, we are excited to back founders like Ankit and Pranjal. Their ability to integrate cutting-edge technology into accessible and cost-effective solutions positions them uniquely to redefine road safety. During the Antler Residency, the team’s customer obsession and their exceptional adaptability stood out to us. The Cautio model is not just about capturing telematics data but transforming it into actionable insights to enhance driver behaviour, increase safety, and pave the way for autonomous vehicles,” said Nitin Sharma, Partner at Antler.
Cautio was founded by Ankit Acharya, a former senior executive at Namma Yatri, Bounce, and Bounce Infinity, and Pranjal Nadhani, a former senior engineer at Virtualness, Dream11, and Urban Company. Together, they are tackling safety concerns within India’s mobility and transportation sectors with cost-effective video telematics products such as customizable dash cam devices and an AI-powered operating system.
“With Cautio, as Ankit and Pranjal are solving a pressing problem that affects vehicle owners & drivers. From our first meeting, we were struck by the founders’ clear insight. Cautio’s solution should lead to a mass adoption of video telematics – bringing in safety and accountability on our roads,” said Vishwanath V, General Partner at 8i Ventures.
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