Indian warehouse robotics firm GreyOrange raises $110 million
GreyOrange, [https://www.greyorange.com/] an India-based warehouse robotics firm has raised $110 million in its new funding round from Mithril Capital and other investors. * The funds will be used to improve its technology, enter new markets, and accelerate the adoption of its fulfilment products by companies, warehouses, distribution stores
GreyOrange, an India-based warehouse robotics firm has raised $110 million in its new funding round from Mithril Capital and other investors.
- The funds will be used to improve its technology, enter new markets, and accelerate the adoption of its fulfilment products by companies, warehouses, distribution stores and retail outlets, it claims.
- Part of the funding came in debt financing from BlackRock and will be used to hire 300 people for roles including customer service, sales, marketing, product and engineering.
- GreyOrange offers software and hardware multi-function automation for companies such as Walmart, H&M, COS, Coupang and GXO Logistics.
- It last raised $140 million in September 2018 from Blume Ventures, an investment firm based in Mumbai.
