Zimplistic, product design company, has secured $15 million in Series B round of funding led by German firm Robert Bosch Venture Capital along with unnamed local venture capital firm.
Founded in 2008 by Rishi Israni and Pranoti Nagarkar Israni, Zimplistic is a product design company that specializes in manufacturing smart kitchen devices that automates and simplifies cooking. The robotic Rotimatic is the company flagship product that makes roti, which is a low-calorie, low card and whole-wheat flatbreads, automatically. Rotimatic functions by blending together the three main ingredients – flour, oil and water from three collection containers, mixing them into a dough and cooking it into roti prata in less than two minutes. This machines allows to customize the doughballs and flour discs for pooris and brand of wheat flour is never a constraint.
“Our goal with Rotimatics is to leverage cutting edge technology to simplify the way people cook at home,” said Rishi Israni, the CEO of the company. “Using artificial intelligence and robotics, we have been able to streamline the cooking process to make it easy for anyone to eat healthy.” The Singapore-based company sells the device at $999 per piece.
This new round of funding has been secured just few months after raising Series A investment worth more than $1 million from NSI Ventures. Executive of the company said, “It is significant that Robert Bosch is one of the investors. As a large home appliances company, it means Zimplistic is gaining access to expertise and network.”