Peppermint Robotics Raises ₹100 Crore Led by pi Ventures and Crane to Scale Its Autonomous Cleaning Robots

Peppermint Robotics makes autonomous floor-cleaning and material-handling robots and has offices in Pune and Austin. On 4 November 2026 it announced a pre-Series B round of about ₹100 crore (roughly $10.5 million). Deep-tech investor pi Ventures and UK-based Crane Venture Partners co-led the round, and Asiana Fund also took part.

The round

The round mixes primary capital with secondary share sales. Secondary money goes to existing shareholders who sell part of their stake, not to the company, so the cash available to Peppermint is less than the ₹100 crore headline. The company has not publicly split the two components.

Peppermint says it will use the money to expand manufacturing, invest in engineering and grow internationally. The plans include a North American assembly line. Entrackr reports a previous ₹34 crore Series A in April 2025.

What Peppermint builds

Founder and CEO Runal Dahiwade started Peppermint in 2019 at the Society for Innovation and Entrepreneurship (SINE), IIT Bombay's incubator. Its main products are autonomous scrubber-dryers that map a site, plan cleaning routes and avoid people and obstacles without continuous manual control. It also makes robots that move goods around industrial sites.

According to reports on the round, Peppermint's customers include factories, hospitals, airports, shopping malls, warehouses, hotels and universities. The United States is its largest market. One outlet says the company sells in nine countries.

Commercial cleaning is a useful market for a robotics start-up. The work is repetitive and has to be done every day, labour is expensive or hard to hire in the US, Europe and Japan, and buyers can compare a robot's cost directly with the wage bill it replaces. Global competitors include Brain Corp-powered machines, Avidbots and Gausium, so Peppermint is competing in an established category.

Growth and execution

The company reports nearly sixfold revenue growth between FY24 and FY26, including a doubling in its last financial year. These are company-reported figures, not independently audited results in this review. The planned North American assembly line remains an execution milestone. For a hardware company whose largest market is the US, assembling robots near customers reduces exposure to freight delays and tariffs, and makes service and spare parts easier to manage. Many Indian hardware start-ups have followed the same pattern, with engineering and core manufacturing in India and final assembly near customers.

Why it matters for India

Peppermint is an example of a pattern Indian deep tech needs more of: a company that designs and builds its own hardware and software in India and earns most of its revenue abroad. Robotics companies need people with skills in mechanical design, embedded electronics, perception software, field service and supply-chain management. Each company that reaches export scale builds that skill base in the country.

It also matters for India's own automation needs. Hospitals, airports, metro systems and the large warehouses being built for e-commerce are all likely buyers of autonomous cleaning and logistics robots as wages rise. A domestic supplier with international certifications and a service network is in a good position to win that business as well.

The open question is execution. Peppermint now needs to turn this capital into a North American assembly line and show that it can recover growth after a difficult year.

Sources

• https://yourstory.com/2026/11/peppermint-robotics-bags-rs-100-cr-in-pre-series-b-funding-round
• https://inc42.com/buzz/peppermint-robotics-bags-%E2%82%B9100-cr-to-scale-its-industrial-robotics-bet/
• https://entrackr.com/news/peppermint-robotics-raises-rs-100-cr-in-pre-series-b-led-by-pi-ventures-crane-venture-partners-12781643
• https://indianstartupnews.com/funding/from-iit-bombay-to-9-countries-cleaning-robot-maker-peppermint-robotics-raises-rs-100-crore-funding-12782057
• https://www.manufacturingtodayindia.com/peppermint-robotics-raise-rs-100-cr
• https://www.ciol.com/funding-acquistion-merger/peppermint-robotics-raises-100-crore-to-expand-global-operations-12781828
• https://www.devdiscourse.com/article/technology/3348324-peppermint-robotics-secures-34-crore-to-accelerate-global-expansion
• https://entrackr.com/monthly-funding-report-monthly-funding-report/indian-startup-funding-nosedives-475-to-678-mn-in-october-12775014
• https://entrackr.com/report/indian-physical-ai-attracts-155-mn-in-2026-as-robotics-real-world-data-gain-traction-12210766