Venture Catalysts and Indian Angel Network have led a funding of Rs 5 crore in Peppermint, an industrial robot manufacturing company that makes and deploys commercial housekeeping and service robots. The round also saw participation from Vinners Group and a group of angel investors led by Naveen Kumar Kshatriya.
The startup will utilise the fresh capital infusion to enhance the current 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 through the implementation of advanced, cutting-edge technology offerings.
