Addverb has developed highly automated warehouses for RIL, Flipkart, HUL, Asian Paints, Coca-Cola, Pepsi, ITC, and Marico. With this investment, RIL will hold around 54 per cent stake in Addverb, becoming a strategic partner.
The Noida-based start-up had earlier raised around $11 million in Series A and pre-series funding round led by Jalaj Dani, co-promoter of Asian Paints, taking its total funding since inception to $143 million.
This funding round will accelerate the company's expansion in Europe and the US and enable it to set up a large robotic manufacturing facility.
The facility will be completely automated and will propel India as a world leader in the robotic sector, said the startup. Addverb also plans to set up an innovation lab with bases in Europe, the US and India.
Bu hikaye Business Standard dergisinin January 19, 2022 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin January 19, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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