Niqo Robotics: AI Agritech Revolution & Rs 74.7 Cr Funding

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Niqo Robotics pioneers AI-driven agricultural robots for a sustainable Agricultural Revolution.

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The Recent funding round of Rs 74.7 crore led by Brida Innovation Ventures marks a significant milestone.

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Special resolution enables issuance of 8,577 preference shares, elevating company worth to Rs 290 crore.

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Omnivore Partners emerges as primary investor, claiming 25.7% ownership stake.

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Founded in 2015 by Jaisimha Rao, Niqo Robotics focuses on AI-powered agricultural robotics.

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Funding history of $16 million sustains the company's mission to enhance agricultural efficiency.

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Despite pre-revenue phase, Niqo Robotics generates Rs 1.3 crore in revenue during FY23.

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Losses double, reaching Rs 9.8 crore by end of March 2023, amid expansion efforts.

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