Peppermint raises $10.6M to scale robot manufacturing and global reach
What's the deal? PeppermintDealroom has a profile for this one. Try Dealroom →, a Pune-based maker of autonomous robots for floor cleaning and material transportation, has raised US$13.6M (roughly $10.6 million) in a round led by pi VenturesDealroom has a profile for this one. Try Dealroom → and Crane Venture PartnersDealroom has a profile for this one. Try Dealroom →, with Asiana FundDealroom has a profile for this one. Try Dealroom → participating. The money will fund manufacturing, engineering, and international expansion.
What's the endgame? Founded in 2019 by Runal Dahiwade, Nityanand Prabhutendolkar, and Miraj C Vora, Peppermint builds robots that move materials and clean floors in warehouses and factories. It now operates in nine countries, with the US as its largest market, followed by India and western Europe.
The raise takes total funding to US$20.4M, a step up from its US$4.62M Series A in 2025. It comprises mostly primary capital with a smaller secondary component and should provide 18 to 24 months of runway, Dahiwade told The Economic Times .
Why now? The deal lands amid renewed but selective investor interest in Indian robotics. The Financial Express reported US$858.3K across 15 rounds in 2026 so far — fewer deals, but larger average cheques.
What could go wrong? The round stands out for its size and focus on scaling physical production. Its payoff depends on whether Peppermint can turn that added capacity and overseas push into sustained deployments and revenue.
The signal: Peppermint's raise is among the larger robotics cheques in India this year, trailing Unbox Robotics' $28 million Series B in January. It signals that investors are still backing hardware-heavy robotics startups — but concentrating capital in fewer bets.
Read more: newsbytesapp.com
Image credit: Generated with Gemini
