Nosh And RayIoT Announced As The Winners Of The 2nd Cohort Of Panasonic Ignition

Panasonic Life Solutions India (PLSIND), a leading diversified technology company, today announced IGNITE award winners: Nosh and RayIoT as the joint winners of the second cohort of its corporate innovation program, Panasonic Ignition. Nosh, focusing on development of a robo-chef appliance that effortlessly prepares personalized meals and global cuisines, and RayIoT, specializing in Wi-Fi-enabled devices to track health metrics like breathing rate, presence, fall detection, sleep, and mental health, will receive potential funding from Panasonic Kurashi Visionary Fund (PKVF) as part of their next fund raising rounds and get an opportunity to closely collaborate with Panasonic’s business teams to develop and implement technology-driven solutions enhancing Indian consumer lifestyles. Alongside the two IGNITE winners, the program also recognized four ACCELERATE winners— Neosapien, YogiFi, Nutrichef, and Karban—who will work together with Panasonic on pilot projects and potential business partnerships.

The second edition of Panasonic Ignition was initiated last year along with our partners Beyond Next Ventures, Dentsu and Zinnov; themed around future consumer lifestyle in India focusing on smart living technologies, personal wellness, sustainable living, energy efficiency, connected devices, and personalized experiences. Post receiving 163 applications the 12 startups that were shortlisted were Wellnesys, Mave Health, Avantari, Euphotic Labs(Nosh), Karban, Cityfurnish, Petgully, Aliste Technologies, Connected Cooking Solutions, RayIoT Solutions, Zenithzephyr Wellness and UTC Digital.

Mr. Kunio Gobara, Chief Transformation Officer (CTRO) and Head of the CVC office, Panasonic Corporation added, “The Panasonic Kurashi Visionary Fund (PKVF) provides support (including investments) to startups that address critical global and social challenges, with a strong focus on fostering innovation across India, Japan, and Europe. We have earmarked Yen 8 billion (~INR 450 crore) for this initiative across markets, reinforcing our commitment to driving meaningful solutions. The innovative solutions presented in Panasonic Ignition reaffirm the ingenuity of Indian entrepreneurs and their ability to develop impactful, scalable solutions tailored to local needs. India’s vibrant startup ecosystem, with its deep technological expertise and problem-solving mindset, presents immense opportunities for collaboration. We are excited to support the winners in their journey, providing them with not just funding, but also strategic guidance and access to Panasonic’s ecosystem to accelerate their growth and make a lasting impact in India and beyond.”

Mr. Manish Misra, Chief Innovation Officer, Panasonic Life Solutions India commented on his experience throughout the program, "Innovation lies at the core of Panasonic's vision, and the 2nd Ignition program has reaffirmed the transformative power of startups in driving the future. This year’s cohort has presented not only disruptive ideas but also a keen awareness of market dynamics, consumer evolution, and emerging industry trends. Their groundbreaking solutions promise to shape the next frontier of smart living—spanning connected spaces, sustainable technologies, and energy-efficient ecosystems. As we partner with Nosh and RayIoT, our shared mission is to co-create scalable solutions that push the boundaries of innovation, catalyze investment opportunities, and set new benchmarks for intelligent living in an increasingly dynamic world."

Tsuyoshi Ito, President and CEO of Beyond Next Ventures added, "Startups from the second cohort of Panasonic Ignition showcase the remarkable innovative potential of Indian entrepreneurship. These ventures are shaping the future of consumer experiences in healthcare, sustainability, wellness, and beyond. We congratulate all the winning startups in this cohort. With the support of a global innovation leader like Panasonic, we believe they are on an accelerated path to scale and serve millions of customers worldwide. At Beyond Next Ventures, we’re proud to have contributed to this journey, and we remain committed to empowering Indian startups to realize their full potential by unlocking global partnerships."

IGNITE winner solutions in brief:

Nosh (Euphotic Labs) - focusing on development of a robo-chef appliance that effortlessly prepares personalized meals and global cuisines.

RayIoT - specializes in Wi-Fi-enabled devices to track health metrics like breathing rate, presence, fall detection, sleep, and mental health

Panasonic Ignition is an integral part of the Panasonic Kurashi Visionary Fund (PKVF), a Corporate Venture Capital initiative investing in startups across Japan, Europe, and India. Together with Beyond Next Ventures (Venture Partner), Dentsu (Theme Partner), and Zinnov (Consulting partner), Panasonic is committed to driving meaningful innovation that enhances Indian consumer lifestyles. By leveraging Dentsu’s insights into future trends, Beyond Next Ventures’ startup network, and Zinnov’s strategic collaboration frameworks, Panasonic aims to co-create cutting-edge solutions that align with emerging market needs. This collaborative effort reinforces Panasonic's vision of staying at the forefront of technological advancements and consumer-centric innovations, fostering sustainable growth and positive societal impact in India.

About Panasonic Group: 

Founded in 1918, and today a global leader in developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, industry, communications, and energy sectors worldwide, the Panasonic Group switched to an operating company system on April 1, 2022 with Panasonic Holdings Corporation serving as a holding company and eight companies positioned under its umbrella. The Group reported consolidated net sales of 8,496.4 billion yen for the year ended March 31, 2024. To learn more about the Panasonic Group, visit:

https://holdings.panasonic/global/