Peppermint Robotics Raises ₹100 Cr to Scale Industrial Robots
Pune-based Peppermint Robotics has raised ₹100 crore in a Pre-Series B round to expand from cleaning robots into material handling and cleanroom automation.
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giftdetect· the right gift in minutesPeppermint Robotics has raised ₹100 crore (about $10.5 million) in a Pre-Series B round to expand manufacturing, develop new robots and strengthen its businesses in the US and Europe. The round was led by pi Ventures and Crane Venture Partners, with participation from Asiana Fund.
The round combined primary capital and secondary share transactions. Founder Runal Dahiwade said the bulk of the money is primary capital. The startup previously raised ₹34 crore in a Series A round in April 2025.
From floor cleaning to cleanrooms
Founded in 2019 and incubated at SINE, IIT Bombay, the Pune-based company builds autonomous robots that scrub floors and move materials in commercial and industrial sites. Its range now includes scrubber-dryers, vacuuming and mopping robots, three material-handling models and automated docking stations.
Peppermint says its cleanroom scrubber-dryer has passed qualification testing in an EU GMP Grade C cleanroom, an environment with strict contamination limits. Dahiwade claimed it is the world's first cleanroom robotics company. Over the next 12-15 months the company plans smaller and larger cleaning and material-handling robots plus upgrades, with outdoor cleaning robots due by 2028.
The machines run on the proprietary Peppermint OS, using computer vision and LiDAR to map spaces and avoid obstacles. Customers can monitor operations through a cloud dashboard and mobile apps.
Business model and numbers
Peppermint sells mainly to facility management companies and earns extra revenue from spare parts, annual maintenance contracts, and software and hardware upgrades from the second year. An average robot costs around ₹20 lakh in India, while US prices run from $35,000 to $40,000 depending on installation and other costs.
Operating revenue rose from ₹2.71 crore in FY23 to ₹6.26 crore in FY24 and ₹21 crore in FY25. The US contributes nearly half of revenue and India close to 30%. The company plans an assembly line in North America alongside its Pune base, and Dahiwade claimed a share of over 65% in India's floor-cleaning robot market. Rivals include China's Gausium and Singapore's LionsBot.
According to Peppermint, its core business has been profitable for several quarters, but R&D and international expansion keep it loss-making overall. Servicing machines across several markets will be the key test for the new capital.
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