Zimplistic Announces $11.5 million in Series B Funding from NSI Ventures and Robert Bosch Venture Capital

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22-July-2015

Zimplistic, the kitchen robotics company devoted to making healthy eating easy has completed a Series B investment round of $11.5 million from NSI Ventures (http://nsi.vc/) and RBVC (http://www.rbvc.com). Zimplistic’s flagship product, Rotimatic (https://rotimatic.com), is the world's first fully automatic flatbread maker, producing fresh hot homemade flatbreads, a staple food for hundreds of millions of people globally.

The Rotimatic uses patented AI technology to real-time measure and mix the correct ratio of flour and water based on dynamic variables to make one roti per minute.

Rotis are low-calorie, low GI, whole-wheat unleavened flatbreads that originated in India. Rotimatic can also be used for wraps, quesadillas and other dishes to provide a healthy, fiber-rich addition to users’ diets.

In Zimplistic’s initial launch last year, the company sold over $5 million in product within a week and closed pre-orders. Today, Zimplistic has a waitlist amounting to over $72 million and over 5,000 distribution partnership requests. Zimplistic plans to finish ongoing extended beta before scaling production.

Hian Goh of NSI Ventures, part of the Southeast Asia private equity firm Northstar and Jan Westerhues, Investment Partner at RBVC, the venture capital arm of Robert Bosch GmbH, join Zimplistic's current board of directors. Zimplistic will use the funds to accelerate manufacturing rollout, fund working capital and set up operations in international markets to fulfil Rotimatic demand.

“We are very enthusiastic about our new investors and what they bring to the table here at Zimplistic. It has been an amazing year for us and these new partnerships will only help to improve what we see as a revolutionary product that enables families to eat healthier, “ states Rishi Israni, CEO of Zimplistic.

"Zimplistic is a rare combination of a project with huge revenue potential and also social impact by increasing the productivity of millions of men and women around the world who still make flatbreads by hand. We are proud to be able to support such an innovative hardware company and look forward to helping make Rotimatic a global bestseller” said Hian Goh

“Rotimatic’s cutting edge robotic technology takes user convenience in the kitchen around a conscious, healthy nutrition to new levels. We are very impressed by the Zimplistic team and happy to support the company on its way to scale up production and enter global distribution “ added Jan Westerhues.

About Zimplistic

Zimplistic is disrupting the way in which we make food at home with the world’s first robotic cooking technology, the Rotimatic. Rotimatic’s patented AI-based technology makes it easy for anyone to have fresh, low calorie, low carb whole wheat flatbreads in minutes. By simply adding in the flour of your choice and water in individually designated compartments, the Rotimatic measures & mixes the correct ratio of ingredients to deliver one hot, fresh and puffed Roti, or flatbread, per minute. Founded in 2008 by Pranoti Nagarkar out of her personal frustrations with making rotis, Zimplistic has offices in Singapore and Mountain View, CA. For more information, visit www.rotimatic.com

About NSI Ventures

NSI Ventures focuses on Series A and B investments in technology companies based in South East Asia. The focus areas of NSI include consumer applications, fintech, cloud software and smart hardware. Its existing investments include Gojek, CXA, Tradegecko, Chope and Redmart.

NSI is the VC arm of the Northstar Group, a Singapore-headquartered private equity firm managing more than US$1.8 billion in committed equity capital dedicated to investing in growth companies in Southeast Asia. For more information visit www.nsi.vc

About RBVC

Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models as well as new materials that are relevant to the above-mentioned areas of business. Further information at: www.rbvc.com

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