IIT Bombay and Qualcomm powered robotics start-up Peppermint receives 5 crore rupees

Pune-based an industrial robot manufacturing company Peppermint, has received five crore rupees led by a funding from Venture Catalysts and Indian Angel Network. Founded by Runal Dahiwade and Miraj C Vora, Peppermint was incubated at IIT Bombay’s Society for Innovation and Entrepreneurship. It has built India’s first industrial floor-cleaning robot which combines physical scrubbing, chemicals and ultra-violet light to clean floors. Built and designed in Pune, these robots helps in automating housekeeping and service operations across industries, warehouses, airports, offices and public spaces.

“This fundraise will enable us to ramp up our production, invest heavily in R&D and scale the business across India and the Middle East. The latest investment asserts investor confidence in our value proposition and our growth potential,” Runal Dahiwade, CEO and Founder Peppermint, said.

The startup will use the fresh capital to improve production facility and ramp up its production capacity. A part of the funding will be dedicated towards R&D as the company aims to spur innovation in India’s robotics sector.