Singapore: EDBI, Credence lead $30m Series C in Rotimatic maker Zimplistic

Singapore: EDBI, Credence lead $30m Series C in Rotimatic maker Zimplistic

Rotimatic by Zimplistic

Singapore-based Zimplistic, the husband-and-wife-led startup that manufactures the fully-automated flatbread maker Rotimatic, said it has raised $30 million in Series C funding round co-led by EDBI and private equity firm Credence Partners.

The funding round, which was also joined by existing investors, comes right after Zimplistic announced garnering $20 million in revenues in 2017, the first year of sales for Rotimatic.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter