Robotics firm GreyOrange raises $30 million, to expand overseas

GreyOrange, a robotics firm that is in the business of automating warehouses, has raised $30 million (Rs 191.6 crore) in a round led by Tiger Global Management, with participation from existing investors Blume Ventures.
The funding, which the company says is one of the largest for robotics company globally, will be used to invest in developing new products, expand internationally into Asia Pacific, Middle East and Europe. The company says it has a 90% market share of India's warehouse automation market and it powers over 180,000 square feet of warehouse.
"We are doubling our team size globally as we steer the company and our products beyond India and into international markets," said co-founder and CEO Samay Kohli, who founded the company with Akash Gupta in 2011.
The company has two products: The Sorter and the Butler. The former is a high-speed system that consolidates orders and routes parcels. By Diwali, the company will have installed sortation capacity of 3 million parcels per day.
The second product, the Butler, is an order-picking system that is tailored for high-volume, high-mix orders characteristic of e-commerce and omni-channel logistics fulfilment.  Cont'd..
 

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

KEB VFDs for High Speed Motor Control

KEB VFDs for High Speed Motor Control

KEB's VFDs are the key to unlocking peak performance in your high-speed machinery. Engineered for precision control, even without feedback sensors, our F6 and S6 drives utilize advanced software and high-frequency output. This ensures smooth operation, reduced vibration, and optimal efficiency. Whether you're building turbo blowers, power generation systems, or other high-speed applications, KEB VFDs deliver the reliability and performance you need.