Sunday, February 25, 2024
HomeInsightFunding Alert upliance.ai Secures Rs 34 Cr in Funding Led by Khosla Ventures

[Funding alert] upliance.ai Secures Rs 34 Cr in Funding Led by Khosla Ventures

The kitchen appliance company upliance.ai secured Rs 34 crore, or about $4 million, in a funding round headed by Khosla Ventures, an early-stage venture firm.

The kitchen appliance company upliance.ai secured Rs 34 crore, or about $4 million, in a funding round headed by Khosla Ventures, an early-stage venture firm.

The firm stated that the capital will be utilized to hire a staff, work with writers and editors on branding, and invest in new production techniques and equipment to expand their product line more quickly, as reported by ET.

Read also – [Funding alert] Renewed Smartphones Startup controlZ Raises $3 Mn Seed Funding

The business claimed to have sold nearly 1,000 appliances through its website, Amazon, and offline stores.

With its touchscreen, upliance.ai provides guided recipe suggestions, a jar with pre-programmed culinary activities, and an integrated weighing scale that simplifies cooking for one or four people.

Read also – Onsitego Acquires Qdigi Services From Quess Corp

In 2023, upliance.ai completed its most recent fundraising round, raising Rs 11 crore from Draper Associates, Rukam Capital, and Rainmatter.

About upliance.ai

Founded by Mahek Mody, formerly of Ather Energy, and Mohit Sharma, formerly of Chaayos, upiance.ai is a home appliance company powered by AI.

Read also – [Funding alert] Piscium Secures Series A Round Funding Led by Unicorn India Ventures

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