Peppermint Robotics Raises ₹100 Crore in Pre-Series B Round

Indian robotics startup Peppermint Robotics has raised ₹100 crore (approximately $10.5 million) in a Pre-Series B funding round as it looks to expand manufacturing, develop advanced autonomous robots and strengthen its international presence. The round was led by pi Ventures and Crane Venture Partners, with participation from existing investor Asiana Fund. The investment combines primary capital with secondary share transactions, giving the company additional resources to support its next phase of expansion.

Founded in 2019, Peppermint develops autonomous robots for commercial floor cleaning and material transportation. Its machines are deployed in factories, hospitals, airports, warehouses, hotels and other commercial facilities. The company operates in nine countries, with the United States emerging as its largest market. The latest funding will support manufacturing expansion in Pune, a planned North American assembly line, additional engineering hires and the development of specialised cleanroom robotics.

Key Takeaways

• Peppermint Robotics raised ₹100 crore in a Pre-Series B funding round.
• pi Ventures and Crane Venture Partners led the investment, with Asiana Fund participating.
• The round includes primary capital and secondary share transactions.
• The company operates in nine countries, with the US as its largest market.
• Peppermint plans to increase annual production capacity from up to 1,500 robots to 3,000 by the end of FY28.
• The company plans to establish an assembly line in North America.
• Funding will support research, engineering, manufacturing, global expansion and hiring.
• Peppermint develops autonomous floor-cleaning and material-handling robots using its own hardware, software and perception systems.

Peppermint Robotics Raises ₹100 Crore in Pre-Series B Funding

Peppermint Robotics announced the ₹100-crore funding round on November 4, 2026.

The investment was led by pi Ventures and Crane Venture Partners, while Asiana Fund also participated.

The round includes two components: primary capital and secondary share transactions.

Primary capital is fresh money invested into the company to finance business operations, product development and expansion. Secondary transactions involve existing shareholders selling some of their shares to investors.

The company has not publicly disclosed the exact division between the primary and secondary portions of the transaction or its post-money valuation.

The latest investment follows Peppermint’s ₹34-crore Series A funding round in April 2025.

Funding detail	Information
Company	Peppermint Robotics
Funding amount	₹100 crore
Funding stage	Pre-Series B
Lead investors	pi Ventures and Crane Venture Partners
Participating investor	Asiana Fund
Approximate dollar value	$10.5 million
Previous reported funding	₹34 crore in April 2025
Founded	2019
Headquarters and operations	Pune and Austin

The funding gives Peppermint additional capital to scale its manufacturing capabilities and develop robotics products for international markets.

What Does Peppermint Robotics Do?

Peppermint Robotics develops autonomous robots designed to perform repetitive cleaning and material-handling activities in commercial and industrial environments.

Its products are intended to help businesses automate tasks that can be physically demanding, repetitive and difficult to manage consistently.

For example, hospitals require regular floor cleaning across corridors and large common areas. Factories and warehouses need cleaning operations that can be performed around machinery, workers and moving equipment.

Peppermint’s robots are designed to operate in these environments with limited human intervention.

The company primarily sells its products to facility management companies that oversee cleaning operations for commercial and industrial customers.

These companies manage activities such as cleaning schedules, equipment selection, chemicals and workforce deployment. Autonomous robots can become part of their existing operating processes.

Autonomous Floor-Cleaning Robots

Peppermint’s core business includes autonomous floor-cleaning machines.

These robots are designed to perform activities such as scrubbing, vacuuming and mopping across large indoor spaces.

Their applications include:

• Hospitals and healthcare facilities.
• Airports and shopping malls.
• Factories and industrial plants.
• Warehouses and logistics facilities.
• Hotels and universities.
• Commercial office buildings.

Unlike conventional cleaning equipment that requires continuous manual operation, autonomous machines can navigate designated areas and execute programmed cleaning routines.

This can help facility operators improve consistency and allocate workers to other tasks.

Material-Handling Robots

Peppermint is also expanding into material transportation and intralogistics robotics.

Material-handling robots are used to move goods, supplies and other items within facilities such as factories, warehouses and hospitals.

These applications are different from floor cleaning because they require machines to navigate operational spaces while transporting materials between designated locations.

The expansion gives Peppermint an opportunity to address a wider range of automation requirements rather than depending entirely on cleaning equipment.

How Will Peppermint Use the ₹100 Crore Funding?

The company plans to deploy the primary capital across five broad areas: robotics research and engineering, manufacturing expansion, North American operations, international market development and hiring.

1. Expand Manufacturing Capacity in Pune

Manufacturing expansion is one of the major priorities.

Peppermint currently has the capacity to produce up to 1,500 robots annually at its Pune facility.

Founder and CEO Runal Dahiwade told PTI that the company wants to double this capacity to 3,000 robots by the end of FY28.

The investment will support additional manufacturing infrastructure, tooling and production-process improvements.

Higher capacity could help the company respond to growing demand while improving flexibility across its product range.

However, installed production capacity and actual production are different measures. Reaching 3,000 robots in annual capacity does not necessarily mean the company will manufacture or sell that number every year.

2. Strengthen Research and Engineering

Peppermint develops its robotics hardware, software and perception systems in-house.

The company plans to increase engineering capacity at its Pune research and development centre.

The additional investment will support next-generation cleaning robots, material-handling systems and specialised cleanroom products.

Developing robotics products requires investment across several areas, including mechanical engineering, sensors, navigation software, computer vision, testing and product reliability.

A larger engineering team could help Peppermint accelerate development and improve its ability to customise robots for different customer environments.

3. Establish a North American Assembly Line

The United States is currently Peppermint’s largest market.

The company plans to establish an assembly line in North America in the coming months.

A local assembly operation could help it serve overseas customers more efficiently by reducing dependence on shipments from India for certain production and support activities.

It may also improve access to customers that require faster servicing, installation and technical assistance.

The proposed facility would complement the company’s existing Pune manufacturing operations rather than replace them.

4. Expand International Operations

Peppermint currently operates in nine countries across Asia, North America and Europe.

The company plans to strengthen business development in the United States and Asia while expanding its presence in European markets.

According to Inc42, the US contributes nearly half of its revenue, India accounts for close to 30%, and other markets contribute the remainder.

This international revenue mix gives Peppermint exposure to customers outside India, although it also means the company must manage overseas distribution, installation and service requirements.

5. Hire Engineering and Leadership Talent

The company also plans to hire senior leaders and additional engineering professionals.

Building and selling industrial robots requires more than product development.

Companies need specialists in manufacturing, software, hardware, field installation, maintenance, customer support and international sales.

Expanding these teams will be important as Peppermint increases production and enters additional markets.

Peppermint’s Technology: Computer Vision, LiDAR and Proprietary Software

Peppermint develops its own technology stack, including robotics hardware, software and perception systems.

Its robots use computer vision and LiDAR to understand their surroundings.

LiDAR, short for Light Detection and Ranging, uses laser pulses to measure distances and create maps of the surrounding environment.

Computer vision helps robots interpret visual information and identify objects or features in their operating areas.

Together, these technologies can help autonomous machines:

• Map indoor environments.
• Plan cleaning routes.
• Detect obstacles.
• Navigate around people and equipment.
• Execute assigned tasks.
• Operate with reduced manual intervention.

The company’s proprietary Peppermint OS powers robot navigation and related functions.

A cloud-based dashboard allows customers to monitor robot operations, while mobile applications provide additional access to operational information.

Peppermint also offers offline robots for security-sensitive environments where customers may prefer equipment that does not depend on external network connectivity.

Cleanroom Robotics Opens a Specialised Market

One of Peppermint’s more specialised opportunities is cleanroom automation.

Cleanrooms are controlled environments where airborne particles, contamination and other environmental conditions must remain within strict limits.

They are used in industries such as pharmaceuticals, biotechnology, medical devices and electronics manufacturing.

Cleaning in these environments requires specialised equipment because conventional machines may introduce contaminants or fail to meet required operating standards.

Peppermint says its cleanroom scrubber-dryer has passed qualification testing in an EU GMP Grade cleanroom at a global pharmaceutical company.

EU Good Manufacturing Practice (GMP) standards are used to regulate manufacturing quality and contamination controls in pharmaceutical operations.

Qualification testing is an important step in demonstrating that equipment can operate under specified conditions. However, passing a qualification test does not automatically establish widespread commercial adoption.

The company plans to advance its next-generation CR cleanroom robotics line, targeting customers that require specialised automated cleaning solutions.

How Peppermint Robotics Makes Money

Peppermint primarily sells robots to facility management companies and other commercial and industrial customers.

Its business model also includes revenue from spare parts, annual maintenance contracts and software or hardware upgrades.

This creates opportunities to generate revenue beyond the initial sale of a robot.

For example, a customer purchasing a cleaning robot may also require installation, maintenance, replacement parts and technical support throughout the machine’s operating life.

According to Inc42, an average Peppermint robot costs approximately ₹20 lakh in India. Prices in the US range from $35,000 to $40,000, depending on installation and other costs.

The pricing reflects the company’s focus on commercial and industrial customers rather than household consumers.

Revenue Grows Nearly Sixfold Between FY24 and FY26

Peppermint has reported rapid revenue growth as its international presence and customer deployments have expanded.

The company said its revenue nearly doubled in the latest year and increased almost sixfold between FY24 and FY26.

Its earlier reported operating revenue was:

Financial year	Operating revenue
FY23	₹2.71 crore
FY24	₹6.26 crore
FY25	₹21 crore
FY26	Nearly six times FY24 revenue, according to the company

The FY26 figure is described as a company-reported growth comparison rather than an independently confirmed exact revenue amount in the available reporting.

Inc42 also reported that Peppermint’s core business had operated profitably for several quarters, while research and development and international expansion kept the overall company loss-making.

This distinction matters because profitability at the core operating level does not necessarily mean the entire company is profitable after all expenses.

The latest funding could help Peppermint finance expansion while continuing to invest in product development and international operations.

Why Industrial Robotics Is Attracting Investor Interest

Industrial robotics is gaining attention as businesses look for ways to automate repetitive operations and improve productivity.

Factories, warehouses, hospitals and commercial facilities often rely on large workforces to perform cleaning, transportation and other routine activities.

Autonomous robots can take over selected repetitive tasks while allowing human workers to focus on activities requiring judgement, supervision and specialised skills.

The opportunity is not limited to large manufacturing plants.

Hospitals, airports, shopping malls and hotels also have extensive indoor spaces that require regular cleaning and maintenance.

For robotics companies, these markets offer opportunities to develop specialised products for different operating conditions.

However, commercial adoption depends on more than demonstrations or technical capabilities. Customers must see reliable performance, measurable productivity benefits, reasonable maintenance costs and a clear return on investment.

Peppermint’s expansion into material handling and cleanroom robotics is an attempt to address a broader set of industrial requirements.

The Bigger Picture

Peppermint Robotics’ ₹100-crore funding round reflects growing investor interest in India’s advanced manufacturing and industrial automation ecosystem. The company is moving beyond autonomous floor cleaning into material transportation and specialised cleanroom applications, while building a larger international business. Its in-house engineering capabilities and existing deployments across nine countries provide a foundation for the next phase of expansion.

The next challenge will be converting the fresh investment into production capacity, commercial deployments and sustainable revenue. Doubling manufacturing capacity to 3,000 robots by FY28 is an ambitious operational target, but its success will depend on customer demand, manufacturing execution and service infrastructure. Establishing a North American assembly line could also help the company serve international customers, although overseas expansion brings additional operational costs and complexity.

Frequently Asked Questions

1. How much funding did Peppermint Robotics raise?

Peppermint Robotics raised ₹100 crore, approximately $10.5 million, in a Pre-Series B funding round announced on November 4, 2026.

2. Who led Peppermint Robotics’ funding round?

The round was led by pi Ventures and Crane Venture Partners, with participation from Asiana Fund.

3. What does Peppermint Robotics manufacture?

The company develops autonomous robots for commercial floor cleaning and material transportation. Its products are used in factories, hospitals, airports, warehouses, hotels and other facilities.

4. How will Peppermint use the new funding?

The company plans to invest in research and engineering, manufacturing expansion, North American operations, international market development and hiring.

5. Where is Peppermint Robotics based?

Peppermint Robotics operates from Pune in India and Austin in the United States. It was founded in 2019 and originated at the Society for Innovation and Entrepreneurship at IIT Bombay.

6. How many robots can Peppermint currently manufacture?

The company has an annual production capacity of up to 1,500 robots at its Pune facility. It aims to double that capacity to 3,000 robots by the end of FY28.

7. Which countries are important markets for Peppermint?

Peppermint operates in nine countries. The United States is its largest market, followed by India and markets in Europe.

Looking Ahead

Peppermint Robotics plans to use its new capital to increase manufacturing capacity, expand its engineering team and develop additional autonomous cleaning and material-handling products. Its proposed North American assembly line could strengthen local production and customer support, while investments in Pune will support the company’s manufacturing and research operations. The planned expansion of its cleanroom robotics line could also help it enter specialised industrial environments.

The company’s progress will depend on how effectively it converts engineering capabilities into reliable commercial deployments. Increasing production capacity is only one part of the challenge; building a global service network, maintaining product quality and demonstrating clear returns for customers will also matter. If Peppermint can execute these priorities, the funding could help it strengthen its position as an Indian robotics manufacturer serving international markets.