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Kitchen robot Botinkit raises $13M from DJI angel and others

TechCrunch · 2y ago

Kitchen robot Botinkit raises $13M from DJI angel and others

Botinkit, a robotics company founded by Shirley Chen in Shenzhen, raised $13 million in a Series A round to expand its cooking robots in the Middle East and Europe. The robots automate and standardize cooking for chain restaurants, reducing ingredient loss and energy consumption. Botinkit's technology aids restaurants' cross-regional expansion by reducing the need for a large kitchen staff, making it an attractive option for franchise restaurants. The company plans to develop multimodal sensors and eventually incorporate artificial general intelligence to refine cooking processes based on customer preferences.

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Posha secures $8 Mn in Series A round led by Accel

Entrackr

Entrackr · 9m ago

Posha secures $8 Mn in Series A round led by Accel

Posha secures $8 Mn in Series A round led by Accel Co-founded in 2016 by Raghav Gupta and Rohin Malhotra, Posha (formerly Nymble) is a kitchen robotics company developing and selling a countertop robot that automates cooking processes. Kitchen assistance robot maker Posha has secured $8 million (about Rs 67 crore) in a Series A funding round led by Accel. The round also saw participation from existing investors, including Xeed Ventures and WaterBridge Ventures, along with angel investors like Flipkart cofounder Binny Bansal and others. The company had previously raised $8.81 million. The fresh funds will be allocated towards expanding the recipe database and improving the user interface experience of the kitchen robot, Posha said in a press release. The company’s main product is a kitchen robot that uses AI, computer vision, and robotics to prepare meals, follow recipes, and adjust ingredients and heat levels. According to the San Francisco-based company, it offers a wide range of recipes across various cuisines and can be tailored to individual tastes. Its robot can autonomously add ingredients, control heat, and adjust spice levels, making it a "private chef in every kitchen." The robot uses vision models and AI to identify ingredients, understand recipes, and make precise cooking decisions. It is designed to simplify the cooking process, making it accessible to people who may not have cooking experience or time. According to market research, the Indian smart kitchen appliance market is expected to reach $19.31 billion by 2030. Posha aims to make home cooking easier and healthier by enabling fresh food preparation. The startup has priced the robot at $1,500 (around Rs 2 lakh) and is also offering a subscription model to access customised recipes. The brand claims that its device has the capability to cook over 1,000 recipes spanning more than 10 cuisines. Other notable players in this space include Evochef, Mukunda Foods, and Beyond Appliances.

Lorazzo raises seed funding led by Sprout Venture and First Cheque

Entrackr

Entrackr · 1m ago

Lorazzo raises seed funding led by Sprout Venture and First Cheque

Lorazzo raises seed funding led by Sprout Venture and First Cheque Home improvement startup Lorazzo has raised Rs 5 crore in a seed funding round led by Sprout Venture Partners and First Cheque by India Quotient. The round also saw participation from Chandigarh Angel Network and a group of angel investors. The proceeds will be used to accelerate product innovation, strengthen its design and technology stack, and scale its omnichannel presence across India. Founded in 2024 by Jatin Luthra and Saurabh Gupta, Lorazzo operates in the kitchen and bathroom fittings segment, offering products such as smart bidets, kitchen faucets, stainless steel and quartz sinks, and modular accessories. Its products are designed specifically for Indian household conditions, including varying water pressure and TDS levels. Lorazzo currently sells through its own website and is present on major online retail and quick commerce platforms.

Home Essentials raises Rs 70 Cr in pre-Series B led by 360 ONE Asset

Entrackr

Entrackr · 2d ago

Home Essentials raises Rs 70 Cr in pre-Series B led by 360 ONE Asset

Snippets Home Essentials raises Rs 70 Cr in pre-Series B led by 360 ONE Asset Home Essentials, a D2C brand for home and kitchen essentials, has raised Rs 70 crore in a pre-Series B funding round led by 360 ONE Asset, with participation from existing investor India Quotient. The Gwalior-based company had previously secured $2.2 million in a seed funding round from India Quotient and others. The proceeds will be used to expand its omnichannel presence and deepen its product portfolio across kitchen and home improvement categories, Home Essentials said in a press release. Co-founded in 2024 by brothers Tanishq and Divyam Jain, Home Essentials is a digital-first home and kitchen brand offering a curated range of more than 1,000 products across storage, cookware, furniture, and decor. The brand positions itself around “smart living,” combining high utility with modern aesthetics at accessible price points. Key products include kitchen storage containers, cookware, home organisation solutions, bathroom accessories, and decor. The company plans to strengthen the home and kitchen category through investments in offline expansion, supply chain capabilities, and product innovation. It aims to scale revenue to Rs 500 crore over the next three years and reach 5 million Indian households. Since inception, the company claims to have served over one million customers and maintained strong unit economics with a focus on profitability. It is also expanding its offline presence and plans to operate 20 stores by the end of this year across the country. Home Essentials may compete directly or indirectly with other brands in the segment such as Home Centre, Nestesia, and IKEA, among others.

Jow Raises $13M in Additional Funding

Finsmes · 2y ago

Jow Raises $13M in Additional Funding

Paris-based grocery shopping app, Jow, has raised $13 million in additional funding to expand into the US. The app combines retail media, consumer data, and algorithms to help users plan meals and shop for groceries efficiently. With over 6 million users worldwide and partnerships with major retailers such as Auchan, Carrefour, and Intermarché, Jow aims to streamline the meal planning and grocery shopping experience. The funding round was backed by investors including Northzone and Eurazeo.

The FCC just gave itself the power to make a DJI drone ban stick

The Verge

The Verge · 4m ago

The FCC just gave itself the power to make a DJI drone ban stick

The FCC has voted to retroactively ban gadgets from manufacturers deemed national security risks, potentially affecting Chinese company DJI, known for drones. From December 23, new DJI products are banned from U.S. import unless cleared by a national security agency. This aims to protect U.S. networks and addresses potential backdoor risks in telecom equipment. The ban might be retroactive, but existing products aren’t affected, with decisions made case-by-case and subject to public comment.

Robot software firm Mujin raises $85M

TechCrunch · 2y ago

Robot software firm Mujin raises $85M

Mujin, a startup specializing in AI-based software for industrial automation, has raised $85 million in a Series C funding round led by SBI Investment, with participation from Pegasus Tech Ventures and Accenture, among others. The Tokyo- and Atlanta-based company has developed MujinController, which allows users to automate various applications for industrial robots, aiming to improve productivity and safety in manufacturing and logistics. The funds will be used for product expansion and global expansion. Mujin's platform is used by major robot original equipment manufacturers like ABB, Fanuc, KUKA, Yaskawa, Universal Robots, and Kawasaki.

Mirage Protocol Raises $1.6 Million from Top VCs for Synthetic Assets Exchange; Hyperion DEX Secures Maelstrom Fund Investment | DeepNewz VC

Business Bytes

Business Bytes · 9m ago

Mirage Protocol Raises $1.6 Million from Top VCs for Synthetic Assets Exchange; Hyperion DEX Secures Maelstrom Fund Investment | DeepNewz VC

Mirage Protocol, a crypto-focused modular money platform, has successfully raised $1.6 million in a funding round. The investment round saw participation from prominent venture capitalists including Robot Ventures, Selini Capital, and others. These funds aim to bolster Mirage Protocol's operations, particularly in its synthetic assets exchange, Hyperion. The initiative underscores the growing investor interest and confidence in blockchain-based financial solutions despite the unpredictable nature of crypto markets.

Bigspoon faces heat as angel investor alleges fraud, vendor mulls legal action

VCCircle

VCCircle · 2y ago

Bigspoon faces heat as angel investor alleges fraud, vendor mulls legal action

Cloud kitchen startup Bigspoon Foods Pvt. Ltd, which claimed it raised Rs 100 crore ($12.9 million then) last year, is in the eye of a storm as it faces allegations of fraud from at least one angel investor and as a vendor considers taking legal action to recover overdue payments.

Bengaluru’s IDC Kitchen raises funds from Peter Thiel-backed Velocity

IndianStartupNews

IndianStartupNews · 2y ago

Bengaluru’s IDC Kitchen raises funds from Peter Thiel-backed Velocity

Bengaluru-based IDC Kitchen, a chain of vegetarian South Indian self-service restaurants, has raised INR 1.5 crore ($200,000) in debt funding from Velocity, a financing platform backed by Peter Thiel's Valar Ventures. The funds will be used for marketing initiatives and inventory-related expenses. IDC Kitchen aims to revolutionize the QSR kitchen space in India and currently operates 11 locations in Bangalore, 2 in Mumbai, and 1 in Raichur. The company generates INR 30 crore ($4 million) in annual revenue and specializes in South Indian staples like Idli, Dosa, and Coffee.

Exclusive: Ex-Unacademy CBO Abhinav Agarwal’s New Eyewear Startup Raises $2.2 Mn

Inc42 · 8m ago

Exclusive: Ex-Unacademy CBO Abhinav Agarwal’s New Eyewear Startup Raises $2.2 Mn

Abhinav Agarwal, former CBO of Unacademy, has raised $2.2 million in seed funding for his new eyewear startup, currently in stealth mode. The funding round was led by India Quotient with participation from notable angel investors like Unacademy’s Gaurav Munjal, CRED’s Kunal Shah, and Snapdeal’s Kunal Bahl, among others. The startup plans to sell products online and in physical stores, with a formal launch expected in the coming months.

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