Raised US$ 1.2 million – have scaled their team and shipped functioning prototypes across markets.

Futuristic Labs is a Hyderabad-based R&D and product development studio, founded in 2017, that focuses on building innovative consumer hardware & robotics with design at its core. Their flagship product is RIKU, an AI-assisted automatic rice & curry maker, aiming to simplify everyday home cooking and reduce daily effort. As of early 2025, they are a team of about 25-30 employees.

• RIKU, an automatic rice & curry maker, won the Red Dot Design Award 2021 for its design and functionality