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Startups·1 min read

Peppermint Robotics raises Rs 100 crore in pre-Series B round

Peppermint Robotics, the Indian maker of autonomous cleaning robots, has raised Rs 100 crore in a pre-Series B round. The startup is backed by pi Ventures and Crane Venture Partners.

An autonomous floor-cleaning robot operating in a large commercial building.
Image: YourStory
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Peppermint Robotics, a startup that builds autonomous cleaning robots, has raised Rs 100 crore (1 billion rupees) in a pre-Series B funding round.

The company is backed by pi Ventures and Crane Venture Partners. Further details of the round, such as the full list of participants, the valuation and the planned use of the money, were not part of the information available at the time of writing.

Why it matters

Autonomous cleaning is one of the more practical commercial uses of robotics, since machines can take over repetitive floor-care work in large spaces. A Rs 100 crore round puts Peppermint Robotics among the Indian robotics startups that have secured sizeable capital at a stage before a full Series B.

The pre-Series B label signals that the company is positioning itself for a larger growth round later, though no timeline has been announced.

What to watch

The key questions are how Peppermint Robotics deploys the capital and how its robots perform with commercial customers. The company has not yet detailed those plans in the material available.

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Tags:peppermint roboticsfundingpre-series bcleaning robotspi venturescrane venture partners

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