Sunday, January 24, 2021
Techiexpert.com
No Result
View All Result
  • Login
  • Register
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging
Techiexpert.com
No Result
View All Result

GreyOrange Raises $140 Mn From Mithril, Binny Bansal And Others

Sony T by Sony T
September 10, 2018
in Startup news
Reading Time: 2min read
A A
0
GreyOrange Raises $140 Mn From Mithril, Binny Bansal And Others
9
SHARES
127
VIEWS
Share on FacebookShare on Twitter

Warehouse and supply chain automation startup GreyOrange which has now raised an amount of ₹1,000 crores which is roughly $140 million in US currency in the funding round series C and is also led by some of the leading investors Mithril Capital, a venture fund co-founded by Ajay Royan and early Facebook investor Peter Thiel.

Some of the other investors who also participated in the round include Flipkart Co-founder Binny Bansal, Mitsubishi, Flipkart, Blume Ventures, and Project Verte.

The funds raised will be used to expand supply chain and manufacturing capacity, along with doubling research and development in the US, India, and Singapore centres.

GreyOrange was a Singapore based startup which was founded by Samay Kohli and Ajay Gupta in the year 2011, with its headquarter in Singapore and offices in India, Japan, Germany, and the USA. It designs, manufactures, and deploys robotics systems for automation in warehousing, distribution, and fulfilment centres.

ADVERTISEMENT

Ajay Royan, who is the co-founder, Mithril Capital, said, in a statement that the“As a global investor focused on emerging category leaders, Mithril is proud to partner with the GreyOrange team to advance our shared vision of a universal platform for flexible automation. As online and offline channels converge across a wide range of industries, we are excited to support robotic solutions that thoughtfully bridge the world of bits and the world of atoms, driving better health, safety and efficiency for workers and customers alike.”

GreyOrange last raised $30 million from Tiger Global and Blume Ventures in August 2015, according to Crunchbase.

With the growth of the e-commerce and retail industry in India, the need for automation in the logistics and warehousing is set to increase. The automation startups will play a crucial role in bringing the costs down and increasing the logistical efficiency for e-commerce startups.

If you like this article, then share your views in the comment below.

Tags: eCommerceGreyOrangeSingapore startupsSupply Chain
Share4Tweet2Share1Pin1
Sony T

Sony T

Sony is a passionate bloggers writes on Futuristic technologies ...

Related Posts

Bolo Indya
Startup news

Bolo Meets is helping content creators by monetizing their content

January 22, 2021
Mindler raises a Pre-Series-A funding round of $1M led by Inflection Point Ventures
Startup news

Mindler raises a Pre-Series-A funding round of $1M led by Inflection Point Ventures

January 19, 2021
How Cloud Computing reshapes businesses?
Startup news

Siply raises $1 million in Seed Round led by Inflection Point Ventures

January 12, 2021
HobSpace raises 1cr in Pre Series A1 from Inflection Point Ventures
Startup news

HobSpace raises 1cr in Pre Series A1 from Inflection Point Ventures

January 7, 2021
qZense, an agritech start-up secures INR 4.5 Cr seed investment
Startup news

qZense, an agritech start-up secures INR 4.5 Cr seed investment

December 30, 2020
The One-Stop Relocation Platform – HappyLocate
Startup news

The One-Stop Relocation Platform – HappyLocate

December 29, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Stories

How a SERP Checker Can Improve Your Search Rankings
Marketing Trends

How a SERP Checker Can Improve Your Search Rankings

by Srikanth
January 23, 2021
Meet India’s Atmanirbhar Microprocessor chip ‘Moushik’, meant for IoT devices
Internet Of Things

Meet India’s Atmanirbhar Microprocessor chip ‘Moushik’, meant for IoT devices

by Srikanth
January 22, 2021
Bolo Indya
Startup news

Bolo Meets is helping content creators by monetizing their content

by Sony T
January 22, 2021
Increasing Adoption of Informatics will Promote Growth of Data Analytics.
Tech news

Increasing Adoption of Informatics will Promote Growth of Data Analytics.

by Sony T
January 22, 2021
6 Ways AI and ML Together Transforming Endpoint security in 2020?
Tech news

5 Ways Artificial Intelligence Impacts Daily Life

by Sony T
January 22, 2021
Load More
Techiexpert.com

© 2020 All Rights Reserved

  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging

© 2020 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.