Ending Soon! Save 33% on All Access

Uma Robotics Raises Undisclosed Pre-Seed Round Led by We Founder Circle Funds will be utilized to increase the size of the engineering team, business development, building infrastructure, and hardware/ software for R&D.

By Saptak Bardhan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company

Uma Robotics on Tuesday announced to have raised an undisclosed amount in the pre-seed round led by We Founder Circle. Funds will be utilized to increase the size of the engineering team, business development, building infrastructure, and hardware/ software for R&D.

"In the era of Industry 4.0, automation and efficient logistics are critical factors for the growth of any industry. Large companies are gradually adopting automation, but it is far beyond the reach of mid-sized and smaller businesses, as well as other industries such as mining, construction, and agriculture," said Bhawna Bhatnagar, co-founder, We Founder Circle.

"As there are no relevant solutions for outdoors and multiple terrains at affordable prices, our vision is to completely revolutionize the Indian industry through automation to maintain a quality that is competitive with the global market. Our solutions have already been very well received by our clients and within the first year of our incorporation, we have delivered our robot to a Fortune 500 company," said Suchit Sharma, founder and CEO, Uma Robotics.

Started by Suchit Sharma with more than a decade experience in robotics industry, Uma Robotics provides sustainable logistics, automation, and IoT solutions to assist warehouses and manufacturing industries in cost optimization by enabling robotic-led heavy box and totes handling tasks that are typically performed by humans. Uma Robotics is one of the 6 start-up WFC funded from its first cohort of EvolveX, Global accelerator programme. Uma Robotics recently won the STPI Chunauti 2.0 competition and received a INR25 lakh investment from Pontaq Ventures. The brand also received a Nidhi Pravas grant from IIT Roorkee in May 2022 and received INR10 lakh .

Saptak Bardhan

Former Trainee Writer

Former Trainee Writer
Business News

TikTok Reportedly Laid Off a 'Large Percentage' of Employees as the App's Fate in the U.S. Remains Unclear

Laid-off TikTok employees were notified Wednesday night through Thursday morning.

Business News

Four Seasons Orlando Responds to Viral TikTok: 'There's Something Here For All Ages'

The video has amassed over 45.4 million views on TikTok.

Leadership

How to Break Free From the Cycle of Overthinking and Master Your Mind

Discover the true cost of negative thought loops — and practical strategies for nipping rumination in the bud.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

Business News

More People Are Exploring Entrepreneurship Because of This Unexpected Reason

More new business applications were filed in 2023 than in any other year so far.