ShareChat, a popular social media platform, to make a leap into the industrial sphere with plans to craft AI-driven machines.
In a recent post on X (formerly Twitter), Farhid Ahsan, co-founder of the social media platform, expressed gratitude for the seed funding, highlighting support from respected mentors in this new phase.
Ahsan unveiled ShareChat’s pivot towards robotics, envisioning a leap into the industrial sphere with plans to craft AI-driven machines. The Indian government’s ambitious draft National Strategy on Robotics, aiming for superpower status by 2030, aligns with the firm’s innovative strides.
ShareChat to revolutionize the future of factories
The venture will contribute to the Make in India 2.0 vision, emphasizing robotics as a pivotal sector for India’s global integration.
While the shift marks an intriguing leap, Tracxn’s report sheds light on the challenges ahead. With only a limited number of Indian startups, about 12, receiving funding in the industrial robotics realm, ShareChat joins a select few such as Ati Motors, CynLr, Accio Robotics, and Vyorius striving to reshape this segment’s landscape.
The funding was raised from Elevation Capital, India Quotient, and key angel investors, including industry leaders from Zetwerk and Livspace.