Info Edge Ventures is leading the $2 million seed round for the deeptech startup Anscer Robotics.
The money raised will be utilized to create new product lines and enter new markets.
Anscer Robotics, which was founded by Ribin Mathew, Ebin Sunny, Raghu Venkatesh, and Brijesh CA, creates intelligent robots that assist in moving objects in factories, warehouses, and logistics hubs. The company’s flagship robots, which include pallet movers, tuggers, conveyors, and lifters, have a maximum weight capacity of two tonnes.
According to the startup, autonomous mobile robots (AMRs) have already been installed at the locations of its 15 business clients in the US, India, Singapore, and Japan.
Shoppin, a fashion search engine platform, received $1 million from InfoEdge last month. It recently made investments in Culture Circle and ZingBus as well.
