Peppermint Robotics raises Rs 100 crore in Pre-Series B
Pune's Peppermint Robotics raised Rs 100 crore led by pi Ventures and Crane Venture Partners to scale cleaning robots and open a North American line.
Peppermint Robotics, a Pune startup that builds autonomous floor-cleaning and material-moving robots, raised Rs 100 crore (about $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, Entrackr reported on 4 November. Asiana Fund also took part. The round is almost three times the Rs 34 crore Series A the company closed in April 2025, and it comes with a plan for an assembly line in North America, the company's biggest market.
What the round is and how it will be used
Entrackr says the round mixes primary capital, meaning new shares that put money into the company, with secondary transactions, in which existing shareholders sell to new ones. It does not give the split, and it does not disclose the valuation. Inc42 separately lists a headline on the same round, "Peppermint Robotics Bags ₹100 Cr To Scale Its Industrial Robotics Bet", dated 4 November, although the page read did not carry details of it, so the full terms rest on Entrackr's report.
The primary money is earmarked for five areas: research and engineering, expanding manufacturing, North American operations, global market expansion, and hiring senior leaders and engineers. Entrackr also quotes the company's plan to set up an assembly line in North America in the coming months. The company says it will widen its range of autonomous floor-cleaning and material-handling robots and push a next-generation line for cleanrooms.
A cleanroom is a controlled space, such as a drug-making hall, where dust and particles are tightly limited. Entrackr says Peppermint's robots passed qualification tests in an EU GMP Grade cleanroom, which is a standard for pharmaceutical manufacturing. That is a company-reported claim passed on by Entrackr.
What Peppermint builds
The company was founded in 2019 by Runal Dahiwade, according to Inc42. It builds hardware, software and perception systems in-house. Its robots use cameras (computer vision) and LiDAR, a sensor that measures distance with laser pulses, to map a building, plan a route and avoid obstacles. The company also sells offline robots for security-sensitive sites that cannot connect to a network.
Inc42's April 2025 report names three cleaning robots, the SD20, SD45 and VC20, and says the company developed an operating system, Peppermint OS, that links robots to cloud dashboards and mobile apps for live analytics. Entrackr lists deployments in factories, hospitals, airports, malls, warehouses, hotels and universities, in nine countries, with the United States as the largest market.
Think of the product as a robot vacuum for factories and airports, sold to facilities managers who want cleaner floors with fewer staff hours. The pitch is labour savings and consistent quality, and the proof will be in how many robots customers re-order.
What the numbers show
Entrackr says revenue grew nearly sixfold between FY24 and FY26, after doubling the year before. It does not give absolute revenue or losses. For a baseline, Inc42's April 2025 article, citing Tofler, gave standalone operating revenue for FY24 of Rs 6.26 crore, up from Rs 2.71 crore, and a net loss of Rs 5.75 crore, up 30% from Rs 4.43 crore. If those FY24 figures are the starting point for the sixfold claim, FY26 revenue would be roughly Rs 37 crore. That is arithmetic from two different sources, one on a standalone and one on an unspecified basis, so treat it as a rough indication only.
The key point for readers is that losses were growing in FY24 even as revenue doubled, which is normal for a hardware startup building a factory and a sales team. Whether losses have narrowed since is not in the sources.
Why robots and why now
Indian startups building physical products have a harder road than software companies: they need factories, inventory and service teams, and each sale takes longer. Peppermint's choice of the United States as its largest market and its plan to assemble in North America point to a strategy of selling where wages are highest and labour is scarce. Assembly close to customers can cut shipping time and sidestep tariffs, though neither source mentions tariffs.
The investors are specialised. pi Ventures is known for backing deep-technology startups, and Crane Venture Partners invests across Europe and India, though the pages read describe only their roles in the round, not their strategies. The sources do not name Peppermint's customers or its competitors, so any claim about market share is unsupported.
What is confirmed and what is not
The round size, the lead investors, the use of funds and the plan for a North American assembly line come from Entrackr's report of the company's announcement, so they are company-reported. The company's earlier history comes from Inc42's April 2025 article: a Rs 34 crore Series A led by the Indian Angel Network, JDSS and Enrission India Capital, with Vinners also named, and the three robot models. The sixfold revenue claim has no absolute figure behind it in the sources, and the FY24 base comes from Tofler, a data service that compiles filings, on a standalone basis. The valuation, the primary and secondary split, the customer names and the loss figure for FY26 are unknown.
It also helps to know what a Pre-Series B is. Startups label rounds by stage: seed, Series A, Series B and so on. A "pre" round sits between two stages, usually when a company has outgrown its last round but is not yet ready for the next. It tells readers that Peppermint expects to raise a bigger Series B later, once the North American line and the new robot range are in place.
What it means for founders, buyers and workers
For hardware founders, the round shows capital for physical products exists in India, at least at the Rs 100 crore scale. For facilities managers, a larger company with a manufacturing line in North America should mean shorter delivery and better local support, if the plan is carried out. For cleaning staff and contractors, the effect is gradual: robots tend to take over repetitive floor work first, while tasks such as detail cleaning stay with people. The sources contain no employment data, so this is a general observation rather than a finding.
The simulator below turns the growth claim into a yearly rate. Move the sliders to change the years or the multiple. The defaults use Entrackr's reported "nearly sixfold" growth between FY24 and FY26 over two years.
What to watch next
The filing of FY26 accounts will show how much of the sixfold growth reached the bottom line and whether losses narrowed. The North American assembly line, promised "in the coming months", is the most concrete milestone to track. Larger customer announcements, especially in pharma cleanrooms, would test the cleanroom claim. A Series B, when it comes, will show whether investors accept the pace of growth.
Key takeaways
- Peppermint Robotics raised Rs 100 crore (about $10.5 million) in a Pre-Series B led by pi Ventures and Crane Venture Partners, per Entrackr.
- The round combines new shares and secondary sales; the split and valuation were not disclosed.
- Revenue grew nearly sixfold between FY24 and FY26, but absolute revenue and losses were not given.
- The company plans a North American assembly line within months, as the US is its largest market.
- In FY24, standalone revenue was Rs 6.26 crore and net loss Rs 5.75 crore, according to Inc42 citing Tofler.
Sources
- [Entrackr: Peppermint Robotics raises Rs 100 Cr in Pre-Series B](https://entrackr.com/news/peppermint-robotics-raises-rs-100-cr-in-pre-series-b-led-by-pi-ventures-crane-venture-partners-12781643)
- [Inc42: Peppermint Robotics bags INR 34 Cr from Indian Angel Network, others](https://inc42.com/buzz/peppermint-robotics-bags-inr-34-cr-from-indian-angel-network-others)
Tags: Peppermint Robotics Startup funding Robotics Pre-Series B Startups