Industrial Robotics startup Peppermint has raised an undisclosed amount of equity funding from Venture Catalysts. The round also saw participation from former head of Castrol Asia, Naveen Kshatriya and ANZ. The IIT-Bombay incubated startup has decided to utilize the funds to upscale their manufacturing, strengthen their after-sales support infrastructure and explore new markets.
Founded in February this year by Runal Dahiwade, Nityanand Prabhutendolkar and Miraj C. Vora, the company designs industrial cleaning tools. The products manufactured by Peppermint can be used for public and industrial spaces such as airports, railway stations, factories, industries and hotels as they use scrubbing, chemicals and ultraviolet C rays to kill germs.
Apoorv Ranjan Sharma, co-founder, Venture Catalysts, stated, “With the onset of COVID-19 pandemic, the need for tech-enabled cleaning and hygiene solutions at workplaces is now higher than ever. Robots and automated machines can play a vital role during this crisis as they can minimize human intervention and enable social distancing. Peppermint is well-positioned to take the lead in this area with its state-of-the-art offerings. We are confident the startup will grow manifold in the coming year, establishing its name in the commercial robotics space.”
According to the statement released by the company, Peppermint is really excited to upscale its operations and expand into newer markets. The startup is presently operating in Pune and Bangalore. Peppermint Robots was incubated at SINE-IIT Bombay, Peppermint and has been the recipient of Nidhi Prayas grant from the Department of Science and Technology, Government of India.