Peppermint, an industrial robot manufacturing startup, has raised Rs 5 crore in a fresh funding round led by Venture Catalysts and Indian Angel Network. Vinners Group and a group of angel investors led by Naveen Kumar Kshatriya also participated in the funding round.

As per the startup, the fresh funds will be used for enhancing the current production facility, ramp up production capacity and scale the business across India and the Middle East. 

Additionally, a part of the funding will be dedicated towards R&D as the company aims to spur innovation in India’s robotics sector through the implementation of advanced, cutting-edge technology offerings. 

Peppermint | Intelligent & Autonomous Floor Cleaning Robot

Started by serial entrepreneurs Runal Dahiwade and Miraj C Vora, Peppermint is a Pune-based startup that designs, makes and deploys intelligent housekeeping robots for offices, industries, warehouses, airports, and public spaces.

Speaking on the development, Runal Dahiwade, CEO and Founder at Peppermint, said,

“We have the first-mover advantage in the commercial robotics space in India, and our robots have been tested and deployed in various sectors, including pharmaceuticals, logistics, manufacturing and hospitality. This fundraise will enable us to ramp up our production, invest heavily in R&D and scale the business across India and the Middle East. We are looking at aggressive growth, and we have our eyes set on the European market as well. The latest investment asserts investor confidence in our value proposition and our growth potential.”

Offering robotic scrubber driers, moppers, sweepers, carpet cleaners and more, Peppermint is currently operational across India and UAE.  And with this fresh funding, the industrial robot manufacturing startup will expand its geographical footprint, amplify its manufacturing efforts, and bolster its after-sales support infrastructure.

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