Consumer Electronics Startup ‘Emotix’ Raises Fresh Funds
Consumer electronics company Emotix has raised Rs 13.3 crore in its extended Series A round led by its existing backers Chiratae Ventures.
First reported by Entrackr, as per regulatory filings, Chiratae led the round with an investment of Rs 5.51 crore, followed by NASSCOM’s Chairman Keshav Murugesh who invested Rs 3.16 crore.
Also, YourNest VC Fund and Adveq Holdings founder Bruno Rachel have invested Rs 3.16 crore and Rs 1.11 crore respectively.
Founded by IIT Bombay alums Sneh Vaswani, Chintan Raikar and Prashant Iyengar, Emotix is the maker of Miko, an advanced robotics company.
Miko is focused on solving grave consumer problems by creating emotionally intelligent solutions.
Emotix had launched Miko 2.0 in the North American market in late 2019. But, because of the pandemic, their expansion plans have been put to a halt. The company is likely to ramp up overseas operations once things get back to normal.
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