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Emotix raises INR 50 Mn led by IvyCap to fuel expansion

Shortpedia

Content Team
Image Credit: Inc42

Mumbai-based robotics company Emotix has raised INR 50 Cr led by investment firm IvyCap Ventures. The round saw participation from existing investors, Chiratae Ventures, YourNest Capital, and angels. Founded in January 2015 by IIT Bombay alumni Chintan Raikar, Prashant Iyengar and Sneh Vaswani, Emotix develops educational and recreational robot toys for children.