Zoho Boosts Rural Development by Supporting Manufacturing Startups

Cloud software firm Zoho is actively supporting rural development in India by investing in the manufacturing startups Karuvi and Yali Aerospace. This initiative aims to create jobs in smaller towns and villages.

Zoho’s ongoing efforts to enhance deep-tech expertise and manufacturing capabilities in India are exemplified by this initiative. According to CEO and co-founder Sridhar Vembu, manufacturing and technology capabilities are crucial for India’s economic prosperity, and focused efforts are needed to build expertise in these areas.

Founded in 2022, Karuvi is a mechatronics startup that has already launched ten tools, including drills, power saws, and angle grinders. Based in Chennai, the company plans to open a manufacturing unit in Tenkasi. Using mainly locally sourced components, Karuvi aims to expand its portfolio to at least 30 products by the end of 2025. CEO MSD Prasad highlighted their efforts to create a network of local suppliers for all components.

Yali Aerospace, based in Thanjavur, Tamil Nadu, focuses on delivering emergency medical supplies with an innovative model that can cover over 300 kilometers in just 120 minutes. CEO and founder Dinesh Baluraj mentioned that they are seeking approvals from the Directorate General of Civil Aviation (DGCA) to start a pilot project connecting hospitals in remote locations.

Zoho’s investment in these two startups is a significant step toward fostering innovation in the manufacturing and aerospace sectors. This move aligns with Zoho’s broader plan to contribute to India’s economic development and technological advancement.