Arc Robot Wins Rs 2 Crore Funding From Qualcomm’s QPrize

Company Name : Arc Robot
Funding Amount : Rs 2 Crore
Investor(s) Qualcomm
Funding Round : Not Disclosed

Ark Robot has won a prize money of Rs 2 Crore in equity funding, as the winner of QPrize Make in India contest. Founded in 2008, it is a Bangalore based industrial automation company.

DIPP and chip maker Qualcomm announced the winner today during the Make in India Week which has come to an end.

Qualcomm had earlier announced that it will invest $150 million in India. QPrize which is given by the Qualcomm Venture, is the fourth investment made by the company.

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