Big Bang Boom Solutions (BBBS) Pvt. Ltd, a Chennai-based defense startup and a deep tech defense solutions integrator focused on developing indigenous intellectual property, announced that it has raised $1 million from Mumbai Angels Network.
Founded in 2018 by Praveen Dwarkanath and Shivaram Ramaswamy, Big Bang is involved in developing technologies focused on the needs of the Indian armed forces.
In a statement, the company said that it has also previously received an angel investment of Rs 5 crore and has been the recipient of grants from iDEX – Innovations for Defence Excellence, a ministry of defence initiative.
“We are seeing a dynamic shift in how the government is looking at defence as a sector for startups to innovate, research and build technologies from ground up and put India on the global map,” Mumbai Angels Network co-promoter and chief executive Nandini Mansinghka said.
According to Big Bang’s website, some of these under-development technologies include personal combat armour and anti-drone defence systems.
BBBS’s interests are in manufacturing and development of indigenous defense and allied technologies. The Company’s development partnerships in the country helps in large scale manufacturing of Personal Safety Drone along with Security on Demand logistics solutions for the Indian market.
The Company houses capabilities to develop critical solutions for the security and defense space and are currently developing a number of indigenous technologies.
Mumbai Angels Network has marked several deals in the previous few months. The angel investment group was established in 2006 and says it has over 400 members across chapters in regions including Delhi, Bengaluru and Kolkata.
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