Venture capital firms that traditionally invest in niche-technology-backed start-ups have turned their attention to robotics.
Pune-based Precision Automation and Robotics India Ltd (PARI) received Rs41.4 crore recently from investment management firm Axis Holding Pvt. Ltd’s India Strategic Opportunities Fund. PARI, one of India’s biggest robotics firms, provides automation solutions for both manufacturing and non-manufacturing processes.
IDG Ventures India Advisors Pvt. Ltd, which manages a $150 million (Rs696 crore) fund and makes early-stage investments in technology-enabled companies, is also eyeing the robotics business.
Venture capital firms begin to take note of robotics business - Money Matters - livemint.com