Pune-based industrial robotics startup Peppermint Robotics has raised Rs 100 crore (approximately $10.5 million) in a Pre-Series B funding round led by pi Ventures and Crane Venture Partners, with participation from Asiana Fund.
The round comprises a combination of primary capital and secondary share transactions. The company will use the fresh capital to expand manufacturing capacity, strengthen research and engineering, develop next-generation robots and scale its international operations. It also plans to establish an assembly line in North America.
Founded in 2019 by Runal Dahiwade, Peppermint Robotics builds autonomous robots for commercial floor cleaning and material transportation. The company was incubated at the Society for Innovation and Entrepreneurship (SINE), IIT Bombay, and now operates across nine countries, with the US as its largest market.
From Floor Cleaning to Industrial Automation
Peppermint initially focused on automating repetitive floor-cleaning tasks. Its portfolio has since expanded to include autonomous scrubber-dryers, vacuuming and mopping robots, material-handling systems and specialised cleanroom robots.
Its machines are deployed across factories, hospitals, airports, malls, warehouses, hotels and universities. The company also says its cleanroom robot has passed qualification testing at a pharmaceutical facility operating under EU Good Manufacturing Practice (GMP) standards.
Peppermint develops its robotics hardware, software and perception systems in-house. Its proprietary Peppermint OS works with computer vision and LiDAR to help robots map their surroundings, navigate spaces and plan cleaning routes. A cloud-based dashboard allows customers to monitor robot operations.
North America and Manufacturing in Focus
The primary capital will be directed towards five areas: product research and engineering, manufacturing expansion, North American operations, international market development, and hiring senior engineering and leadership talent.
The planned North American assembly line is particularly important as the US has emerged as Peppermint’s largest market. Localised production could help the company improve customer support and serve overseas deployments more efficiently.
The company also plans to expand its portfolio of floor-cleaning and material-handling robots while developing its next-generation cleanroom robotics line.
Revenue Growth and Previous Funding
Peppermint previously raised ₹34 crore (around $4 million) in a Series A round in April 2025. The latest investment takes its total funding to approximately ₹150 crore, according to media reports.
The company reported operating revenue of ₹21 crore in FY25, compared with ₹6.26 crore in FY24. Peppermint said its revenue doubled in the subsequent year and increased nearly sixfold between FY24 and FY26. The latter growth figure is company-reported; FY26 audited revenue figures have not been cited here.
Peppermint’s business model extends beyond selling robots. Its enterprise customers also require servicing, maintenance and operational support throughout a machine’s working life. This creates an opportunity for repeat revenue, but also makes service coverage and deployment reliability important as the company expands internationally.
The latest fundraise marks a significant step in Peppermint’s attempt to build an India-developed robotics business for global industrial and commercial markets. Its next challenge will be to convert manufacturing capacity and overseas expansion into sustained customer deployments and revenue growth.
