Rotimatic on track to raise Series C in excess of $15m, says founder

Side view of the Rotimatic. Credit: Zimplistic

Singapore-based kitchen robotics developer Zimplistic is on track to raise a Series C funding in excess of the $15 million it raised in its Series B round in 2015, a top executive with the firm told this portal.

“With demands for innovative kitchen appliances globally, Zimplistic has achieved over US$20 million in revenue in its first year of sales, and we have expanded our presence in a total of six markets since the launch of (smart flatbread maker) Rotimatic in 2016,” Rishi Israni, the chief executive and co-founder of Zimplistic Inventions, said in an email interaction.

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