Top Indian Robotics Startups that have Gained Funding in 2021
The new capital can add great value to these robotics start-ups
Did you know? India has the third-highest number of start-ups after the US and China. And when we take a look at robotics, it has been accelerating the growth of the country too. Robots of today are capable of mimicking humans better, making their work easier. And, India has been evolving as the biggest start-up ecosystem. In which robotics start-ups in India have a great visible space. Let’s know more about the Indian robotics start-ups funding in 2021 in this article.
Top Robotics Start-ups that Raised Funding:
Venture Catalysts and Indian Angel Network have lent funding of about Rs 5 crore for Peppermint on September 1st, 2021, which is one of the industrial Indian robotics start-ups that manufacture robots and deploys commercial housekeeping and service robots. This robotics start-up is going to utilize the capital to enhance the current production and ramp up its capacity. The other part of the funding is also to be helpful towards R&D to spur innovations. The start-up is yet to allocate the investment in accelerating its business across India and the Middle East.
Ishitva is one of the Ahmedabad-based Indian robotics start-ups that has raised about US$1 million in funding in A series that was led by Inflection Point Ventures (IPV) on October 8th, 2021. The start-up is an OEM operating in dry waste sorting technology that uses new tech trends such as Artificial Intelligence, Machine Learning, and the Internet of Things to solve the issues of sorting complex waste. Ishitva is going to use this funding to grow sales and expand its R&D team.
TartanSense is a Bangalore-based Agri tech robotics start-up that has raised about US$5 million in Series A funding. It is one of the Indian robotics start-ups that has obtained funding on August 25th, 2021. The round was led by FMC Ventures and Omnivore with participation from existing investor Blume Ventures. This unique robotics start-up builds small agricultural robots that have in-built AI-assisted computer vision that can help farms reduce their expenses and improve their incomes.
Miko is a robotics start-up that has raised about US$28 Million in Series B funding that was led by IIFL AMC, Mankind Pharma Family Office, Aroa Ventures, and a group of global investors. It is one of the Indian robotics start-ups that raised its funding on August 12th, 2021. The capital is said to be used to fund product development and strengthen global ties as the company builds a strong global brand. Miko is an advanced robotics start-up that creates emotionally intelligent robots leveraging Artificial Intelligence and the Internet of Things.
Addverb Technologies is one of the Noida-based Indian robotics start-ups that had advanced level talks to raise about US$8–120 million in funding in a fresh round of funding held in early June this year. The company builds robotics and automation solutions for warehouses and factories such as Flipkart, Amazon, ITC, and Coca-Cola. The start-up leverages tech trends such as Artificial Intelligence, Machine Learning, and the Internet of Things.
Accio Robotics is one of the Indian robotics start-ups that has raised fresh funding from Angel Investors on May 31st, 2021. The start-up focuses on designing and manufacturing autonomous mobile robots. This capital is going to strengthen our products development efforts, also help in widening the market with widespread impact.
UnboxRobotics Labs Pvt Ltd
UnboxRobotics is a Bangalore-based logistics automation start-up that has raised about US$1.2 million as part of its pre-Series A round from BEENEXT, AngelList, Info Edge Ltd-backed Redstart Labs Ltd, WEH Ventures. This is one of the Indian robotics start-ups that has raised funding in April 2021.
These Indian robotics start-ups had made huge contributions by bringing up many innovations. These robotics start-ups have decided to scale up in many more ways to bring more innovations. Hope this information on robotics start-ups will help you!