Singapore NRI couple’s invention receives huge investment

NRINGchapatiSingapore couple Pranoti Nagakar and her husband Rishi Israni have received a healthy $11.5 million as a second round investment for their one-minute robotic chapati making machine.

Pranoti and husband Rishi, who came aboard a couple of years later, floated a product design company named Zimplistic, to promote the roti maker called Rotimatic. Rishi, a serial entrepreneur helped raise $3 million from private investors and Zimplistic has now announced an investment of $11.5 million from NSI Ventures and Robert Bosch Venture Capital.

With this Zimplistic plans to accelerate manufacturing roll-out and set up operations in international markets to fulfill the demand, that includes a wait list for Rotimatics amounting over $72 million, and thousands of requests for distribution partnerships around the world.