Iron Pillar is delighted to announce our investment in SEDEMAC Mechatronics

Indian venture capital (VC) fund Iron Pillar has invested an undisclosed amount in Pune-based SEDEMAC Mechatronics, which specialises in manufacturing powertrain controls, which are critical components that are used to help generate power in automotive vehicles.

Details of the growth-stage investment — the stake size and the exact amount invested — were not revealed. However, in conversation with Inc42, Sameer Nath, managing partner at Iron Pillar, said that the funding amount was between $5-$8 Mn, an amount that falls in the usual range of cheques that Iron Pillar issues.

SEDEMAC’s story has its roots in IIT. The company was founded in 2007 by professor Shashikanth Suryanarayanan, who teaches at IIT, with fellow IITians (students) — Pushkaraj Panse, Amit Dixit, and Manish Sharma. The company was also incubated at a lab in IIT-Bombay.

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