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Ignitho Checks Into Kochi
Also launched its disruptive model to build standalone product companies to turn talented Ignitho employees into entrepreneurs | By Yentha
On Oct 11, 2017

 

Kochi: UK headquartered Ignitho Technologies has announced its plans to expand its market reach and capabilities in India. A key step in this direction is the ramping up of its team based at its Innovation Labs in Kochi Infopark.

Ignitho aims to expand its team in Kochi to 250 in the coming months. As part of its plans Ignitho, a market leader in “frugal technology innovation”,  recently inaugurated a larger Development Centre in Infopark Phase 2. 

Building on strong testimonials from UK clients, Ignitho has also embarked on an expansion into the US and Continental European markets. Ignitho is already active in discussions with investors to fund this next phase of scale-up growth. 

“Ignitho has evolved from a UK start-up established in 2013 to an established scale-up, with a credible track record. We have a first-mover market advantage with Frugal Technology Innovation, where we partner with enterprises to nurture business ideas on limited budgets. We collaborate closely on the Frugal Technology Innovation methodology with Jaideep Prabhu, a world-renowned innovation thought leader from the University of Cambridge. Our clients have also strongly endorsed our capability to take them from Rapid Prototyping to Scalable Solutions using emerging technologies (RPA, Machine Learning, AR and IoT), as well as established technologies in web and mobile. In addition, we have given a major boost through the launch of Ignitho Ventures, a disruptive new model to build standalone B2B product companies and to turn talented Ignitho employees, christened Ignitors, into entrepreneurs. The time to aggressively capitalise on the market opportunity is now!”, says Jijo Olassa, one of Ignitho’ s three co-founders. 

Co-founder Roney Soloman adds,“We are excited by the strong interest and support from industry watchers as well as our clients and peer ecosystem. Clutch has recently named us as a Top 5 UK IT Services Firm for the mid-market, besides which Bloor Research recently blogged about our disruptive value proposition. These recognitions have further encouraged us to devise and implement an aggressive growth strategy. Having achieved so much in such little time bootstrapping with money from the founding team thus far, a sizeable investment into the business at this stage will take us remarkably forward towards our vision for Ignitho. Early conversations for INR 20-25 Crores in funding from the global investment community are progressing.” 

To provide further leadership impetus, Roney Soloman as Executive Chairman will drive the strategic focus for these aggressive growthand investment plans. Jijo Olassa as Chief Executive Officer will work alongside Roney on Ignitho’ smarket expansion and execution, while Vinoo Thomas as Chief Delivery Officer will lead Ignitho’ s technology and delivery capabilities.
 
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