Cautio, a startup in the visual telematics space today, raised a pre-seed raise of Rs 6.5 crore led by Antler, 8i and AU Bank. The funding, a mix of equity and debt, was led by Antler, 8i Ventures, and AU Small Finance Bank; with additional participation from Cautio’s early believing customers and prominent angel investors.
Founded by Ankit Acharya, former senior executive - Namma Yatri, Bounce and Bounce Infinity and Pranjal Nadhani, former senior engineer - Virtualness, Dream11 and Urban Company; Cautio is dedicated to addressing safety concerns within India's mobility and transportation space.
Ankit Acharya - Co-founder and CEO, Cautio said, “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. India, ranking first in global road fatalities, recorded 1,68,491 deaths in 2022, with overspeeding responsible for 70 per cent 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."
"With Cautio, as Ankit and Pranjal are solving a pressing problem that affects vehicle owners and drivers. From our first meeting, we were struck by the founders' clear insight. Cautio’s solution should lead to mass adoption of video telematics - bringing in safety and accountability on our roads.” - added Vishwanath V, General Partner at 8i Ventures.
