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

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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.