In college, Nagarkar made an automatic clothes ironing device, winning several accolades for it, and eventually went on to work at another start-up in Singapore. But her breakthrough idea came after she got married and realised - as some young Indians do when they become adults - that roti (Indian flatbread) is an incredibly difficult thing to make.
“I was a working professional in Singapore at the time. The commute to work and back used to kill me, but I was newly married back then and I wanted to cook healthy food for my family,” narrates Nagarkar. “One of the healthiest items in an Asian kitchen is the roti, but making it is hard work!,” she adds.
DREAM COME TRUE
In 2008, Nagarkar decided to put all the elbow grease that goes into making a roti, to fulfill her childhood dream of becoming an inventor, launching Rotimatic, an automatic roti maker that does everything from kneading the dough, and compacting it into a ball, to flattening it and cooking it consistently every time. The machine is designed to emulate human actions, such as adjusting the dough-to-water ratio, making sure the rotis are the same thickness and using different customisations for different kinds of flour, using artificial intelligence.
Till date, Rotimatic has churned out over 75 million rotis, as per the live counter on the company’s website. The company has sold over 60,000 devices across 20 countries, including Singapore, and the U.S., currently its biggest.
Zimplistic, the company behind Rotimatic, has raised a total of $48.5 million in funding over four rounds, from investors including Credence Partners, Bosch, and EDBI, as per data aggregator Crunchbase.
EXPANSION PLANS
The company is currently working on its plan to expand into India, Nagarkar tells us, which should be by at least the third quarter of 2020.
هذه القصة مأخوذة من طبعة February 2020 من Entrepreneur magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 2020 من Entrepreneur magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.