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.
And the winner for @qualcomm_in #QPrize #MakeInIndia contest is Ark Robot! Congratulations!#MakeInIndia Week pic.twitter.com/DuBnTsgPP9
— Make in India (@makeinindia) February 18, 2016
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.
