Big Bang Boom Solutions (BBBS) is a Chennai-based deep tech startup. BBBS has raised INR 250 crore in its latest funding round. This investment will help BBBS speed up its work and cause a revolution in defense capabilities through new tech innovations.
Aim of Big Bang Boom Solutions (BBBS)
BBBS was founded in 2018. BBBS has become an important part of the defense technology scene. The company focuses on making advanced solutions in artificial intelligence (AI) electronic warfare, and nanotechnology. BBBS aims to boost India’s defense capabilities and leads the way in creating home-grown tech to tackle key security issues.
Funding Details
A group of well-known investors, like Mumbai Angels Network, Vyom Family Office, SBI Startup Branch Chennai, and Asquare Investing, led the latest funding round. Negen Wealth handled the investment process showing how much investors believe in what BBBS wants to do and can achieve.
The CEO of BBBS, Praveen Dwarakanath, stressed how crucial long-term funding is to build a defense business. He pointed out the company’s special way of moving capital around. This approach aims to give investors chances to exit at the right time while making sure the company keeps growing and creating value. They designed this plan to create a lasting brand that can change India’s defense sector for the better.
The CEO of BBBS, Praveen Dwarakanath said, “Building a defense business requires patient capital. But expecting investors to have a 25-year horizon is a pipe dream. We therefore looked at the problem through a different lens. We decided to rotate the capital table eight times in 25 years, giving investors timely exits and an option to stay on. This can help build a company that can be a legacy brand and add real value. It is better to underprice a round than leave little on the table.”
Quotation Source: Entrepreneur
The Anti-drone System of BBBS
BBBS has taken big steps in coming up with new defense tech. Its homegrown anti-drone technology stands out as one of the company’s main projects getting attention and backing. In March 2024, BBBS secured a 200 crore rupee deal with India’s Defense Ministry for this tech, which was a great win for the company.
The anti-drone systems BBBS makes are built to spot, follow, and stop drones that shouldn’t be there offering a strong answer to the growing danger of drone attacks. These systems use cutting-edge AI math and electronic warfare methods to make sure they work well and can be trusted. Besides anti-drone tech, BBBS works on other groundbreaking projects. The company aims to develop core intellectual property to shake up the defense scene. Dr. R Shivaraman CTO of BBBS, rectified the need to balance research with making funds to grow.
The CTO of BBBS, Dr R Shivaraman said, “While R&D is in our DNA, and we will do what it takes to transform the landscape of Indian defense, we are clear that the timeline to monetization must go hand in hand with adequate creation of core intellectual property. Credit is also due to the government, DDP’s flagship iDex initiative, and the Indian Armed Forces, who have envisioned the policies that have enabled this transformative growth.”
Quotation Source: Entrepreneur
Conclusion
The INR 250 crore funding round is a big step for Big Bang Boom Solutions and India’s defense tech industry. This new fund puts BBBS in a good spot to speed up its new ideas and bring its advanced solutions to market. As the company keeps improving its tech and building key partnerships, it’s ready to boost India’s defense abilities and help with global security problems.
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