Peppermint Robotics funding has reached ₹100 crore (about $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with participation from Asiana Fund. The Pune-based company says it will use the money to expand manufacturing, develop new robots and strengthen its US and European businesses.
The round includes both primary and secondary transactions. Founder and CEO Runal Dahiwade told Inc42 that “the bulk of the investment was primary capital.” The company’s previous round was a ₹34 crore (about $4 million) Series A in April 2025. Peppermint was founded in 2019 and was incubated at SINE, IIT Bombay, beginning with a floor-cleaning and sanitising robot.
What Does Peppermint Robotics Build?
Peppermint’s portfolio covers scrubber-dryers, vacuuming and mopping robots, three material-handling models and automated docking stations. The robots run on Peppermint OS and use computer vision and LiDAR for mapping and obstacle avoidance, with a cloud dashboard and mobile apps. Hardware, software and perception systems are developed in-house, with assembly in Pune.
A cleanroom scrubber-dryer has passed qualification testing in an EU GMP Grade C cleanroom at a global pharmaceutical company, and Peppermint describes itself as the world’s first cleanroom robotics company. Customers are mainly facility management companies, and deployments span factories, hospitals, airports, malls, warehouses, hotels and universities.
How Fast Is the Company Growing?
According to Inc42, Peppermint’s operating revenue was ₹2.71 crore in FY23, ₹6.26 crore in FY24 and ₹21 crore in FY25. The United States contributes nearly half of revenue and India close to 30%, with other markets making up the rest. Robots are deployed in nine countries. Dahiwade claims Peppermint holds over 65% of India’s floor-cleaning robotics market; this is a company claim and has not been independently verified.
The company says its core business has been profitable for several quarters, but R&D and international expansion keep it loss-making overall. Robots sell for about ₹20 lakh on average in India and $35,000 to $40,000 in the US, depending on installation and other costs.
What It Means for Indian Businesses and the Robotics Industry
The round shows investor appetite for Indian hardware companies that sell abroad. Peppermint earns most of its revenue outside India and plans a North American assembly line alongside its Pune facility. For Indian facility managers, factories and hospitals, a locally developed robot supplier with a growing service and spare-parts base is a further option in a market where Inc42 names China’s Gausium and Singapore’s LionsBot as competitors.
Industry Reaction and Expert Commentary
Shubham Sandeep, Partner at pi Ventures, said: “Peppermint robots have demonstrated reliable performance at scale with clear ROI.” Dahiwade said: “Our customers judge us on one thing: a clean floor, every shift.” No other investor or analyst comment was found in the sources reviewed.
What Happens Next?
Peppermint plans new cleaning and material-handling models over the next 12 to 15 months and outdoor cleaning robots by 2028. Primary capital will also go toward manufacturing capacity, senior hiring and engineering talent, and expansion in the US, Asia and Europe.
Frequently Asked Questions
How much did Peppermint Robotics raise?
Peppermint Robotics raised ₹100 crore, about $10.5 million, in a Pre-Series B round.
Who led the round?
pi Ventures and Crane Venture Partners led the round, with Asiana Fund participating.
What will Peppermint do with the money?
It plans to expand manufacturing, develop new robots, add a North American assembly line and strengthen its US and European businesses.
Source: Inc42 and CXOtoday, 4 November 2026.
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