Peppermint Robotics Raises Rs 100 Crore in Pre-Series B

Pune-based robotics startup Peppermint Robotics has raised Rs 100 crore in a pre-Series B funding round led by pi Ventures and Crane Venture Partners, with participation from Asiana Fund.

The latest investment is nearly three times the company’s previous Series A round of Rs 34 crore, raised in April 2025.

According to Peppermint Robotics’ official funding announcement, the company plans to use the capital to expand manufacturing capacity, develop new robotic products and strengthen its international operations.

The round takes the company’s total funding to approximately Rs 150 crore since 2019.

Founder and CEO Runal Dahiwade said most of the investment comprises primary capital, with a smaller secondary component.

The funding comes as Peppermint Robotics expands its operations across nine countries. Although revenue has increased, the company continues to report overall losses due to spending on research and international expansion.

Peppermint Robotics Develops Autonomous Cleaning and Material-Handling Robots

Founded in 2019 by Runal Dahiwade, Miraj C. Vora and Nityanand Prabhutendolkar, Peppermint Robotics began operations at SINE, the incubator at IIT Bombay.

The company develops autonomous robots for commercial floor cleaning and material handling. Its machines are designed to perform repetitive tasks in facilities such as hospitals, factories and airports.

Its product portfolio includes scrubber-dryers, vacuum and mopping robots, three material-handling models and docking stations.

The robots use Peppermint OS, the company’s navigation system, alongside computer vision and LiDAR technology to map their surroundings and avoid people.

Customers can monitor and manage robotic fleets through a cloud-based dashboard and mobile applications.

Peppermint Robotics operates from Pune and Austin, Texas, and sells its products in nine countries.

The United States accounts for nearly half of its sales, while India contributes approximately 30%.

Peppermint Robotics Revenue More Than Triples to Rs 21 Crore in FY25

Peppermint Robotics reported operating revenue of Rs 21 crore in FY25, compared with Rs 6.26 crore in FY24, representing more than threefold growth.

However, the company’s net losses also increased as it continued investing in research, product development and overseas operations.

Its financial performance over the past three years was as follows:

• FY23: Operating revenue stood at Rs 2.71 crore, while the company reported a net loss of Rs 4.43 crore.
• FY24: Operating revenue increased to Rs 6.26 crore, with a net loss of Rs 5.75 crore.
• FY25: Operating revenue reached Rs 21 crore, while the net loss widened to Rs 6 crore.

The company’s total expenses stood at Rs 27 crore in FY25, against operating revenue of Rs 21 crore.

Despite reporting an overall net loss, Peppermint Robotics said its core cleaning business has been profitable for several quarters.

The company attributed its continued losses to spending on research and international expansion.

As reported by YourStory, Dahiwade said the company’s revenue doubled over the past year and grew nearly sixfold between FY24 and FY26.

Peppermint Robotics Plans Manufacturing Expansion in North America

Peppermint Robotics plans to use the fresh funding to increase manufacturing capacity and develop additional robotic products.

The company is also planning an assembly line in North America alongside its existing manufacturing operations in Pune.

Most of its customers are facility management companies that use robots for repetitive cleaning tasks.

A Peppermint Robotics machine costs approximately Rs 20 lakh in India, while prices in the United States range from $35,000 to $40,000.

The company also generates revenue from spare parts, service agreements and product upgrades beginning in the second year.

According to The Economic Times, the funding will support the company’s manufacturing expansion, engineering capabilities and international operations.

Peppermint Robotics Claims Over 65% Share of India’s Floor-Cleaning Robotics Market

Peppermint Robotics claims to hold more than 65% of India’s floor-cleaning robotics market.

The company competes with international robotics manufacturers, including China’s Gausium and Singapore-based LionsBot.

The market-share figure is based on the company’s claim and has not been independently verified.

Peppermint Robotics is expanding its product portfolio to serve commercial facilities requiring automated cleaning and material-handling equipment.

Peppermint Robotics Expects Delay in Rs 100 Crore FY27 Revenue Target

Peppermint Robotics had previously set a revenue target of Rs 100 crore for FY27.

However, Dahiwade said the company now expects to achieve the target approximately one year later than originally planned.

He attributed the delay to shipping disruptions and global tensions affecting the business.

The company is continuing to develop new products as part of its expansion plans.

Its cleanroom scrubber-dryer has passed qualification in an EU GMP Grade C cleanroom. GMP refers to good manufacturing practice standards used in pharmaceutical manufacturing.

Dahiwade also claimed that Peppermint Robotics is the world’s first cleanroom robotics company.

The startup plans to introduce larger and smaller robots over the next 12 to 15 months, followed by outdoor cleaning machines in 2028.

The company is also working to expand its manufacturing and service capabilities as it supports customers across nine countries.

Frequently Asked Questions (FAQs)

1. How much funding has Peppermint Robotics raised?

Peppermint Robotics has raised Rs 100 crore in a pre-Series B round led by pi Ventures and Crane Venture Partners, with participation from Asiana Fund.

2. Who founded Peppermint Robotics?

Peppermint Robotics was founded in 2019 by Runal Dahiwade, Miraj C. Vora and Nityanand Prabhutendolkar.

3. What was Peppermint Robotics’ revenue in FY25?

The company reported operating revenue of Rs 21 crore in FY25, compared with Rs 6.26 crore in FY24.

4. Is Peppermint Robotics profitable?

Peppermint Robotics reported a net loss of Rs 6 crore in FY25, although it says its core cleaning business has been profitable for several quarters.

5. How many countries does Peppermint Robotics operate in?

Peppermint Robotics sells its products in nine countries, with the United States accounting for nearly half its sales and India contributing approximately 30%.