In 2018, Genrobotics had raised Rs 1 crore in seed funding from Unicorn Ventures.
Rashid said Genrobotics was getting big orders and the company needs to expand its facilities to meet the growing demand for the manhole-cleaning robot. "We also need to hire more people," he said, adding that the startup will also soon go for a Series A fund mobilisation, where the amount will be bigger. The funds will be utilised for the company's expansion, he said.
"It's a double joy for us. One the day when we got the investment, we were also won the national startup award," said Rashid. Genrobotics emerged winners in the National Startup Awards 2020 announced on Tuesday in the category 'campus-initiated startups' segment.
The Bandicoot robot, which has a presence in six states in India, will be expanded to 11 states. The robot offers human-controlled robots as an alternative to manual scavenging.