Posha, a manufacturer of kitchen help robots, has raised $8 million (about Rs 67 crore) in a Series A fundraising round headed by Accel. Along with individual investors like Flipkart cofounder Binny Bansal and others, the round also included participation from current investors including Xeed Ventures and WaterBridge Ventures. Previously, the startup had raised $8.81 million.
According to a news statement from Posha, the new funding will be used to enhance the kitchen robot's user interface and grow the recipe library.
Posha (previously Nymble), a kitchen robotics startup co-founded in 2016 by Raghav Gupta and Rohin Malhotra, is creating and marketing a countertop robot that automates cooking procedures. The company's flagship product is a kitchen robot that prepares meals, follows recipes, and modifies ingredients and heat levels using artificial intelligence, computer vision, and robotics.
The San Francisco-based business claims that it provides a large selection of dishes from different cuisines and can be customized to suit personal preferences. Because of its ability to add ingredients, regulate heat, and change the amount of spice, its robot can be considered a "private chef in every kitchen." The robot recognizes ingredients, comprehends recipes, and makes accurate cooking judgments using vision models and artificial intelligence. It is intended to make cooking easier for those who do not have the time or experience to do it.
Market research projects that by 2030, the Indian smart kitchen appliance market would grow to a value of $19.31 billion.
Posha wants to facilitate the preparation of fresh food, making cooking at home simpler and healthier.
