Peppermint Robotics Bags ₹100 Cr To Scale Its Industrial Robotics Bet

Keeping hospital corridors clean or moving goods across factory floors involves repetitive, physically demanding work. For facility management companies, finding people to carry out these tasks is becoming harder.

This workforce gap is the opportunity behind Peppermint Robotics. Founded in 2019 and incubated at SINE, IIT Bombay, the Pune-based startup builds autonomous robots that scrub floors and move materials across commercial and industrial facilities.

Now, it has raised ₹100 Cr (about $10.5 Mn) in a Pre-Series B round to expand manufacturing, develop new robots, and strengthen its US and European businesses.

Led by pi Ventures and Crane Venture Partners, with participation from Asiana Fund, the round comprised primary capital and secondary share transactions. Founder Runal Dahiwade told Inc42 that the bulk of the investment was primary capital. The startup previously raised ₹34 Cr in a Series A round in April 2025. 

Moving Beyond Floor Cleaning

Featured in Inc42’s June 2020 edition of ‘30 Startups To Watch’, Peppermint began with a floor-cleaning and sanitising robot. Its portfolio now spans scrubber-dryers, vacuuming and mopping robots, three material-handling models, and automated docking stations.

The startup says its cleanroom scrubber-dryer has passed qualification testing in an EU GMP Grade C cleanroom. Such controlled environments require strict limits on contamination, creating a specialised application beyond routine cleaning.

Dahiwade also claimed Peppermint is the world’s first cleanroom robotics company. 

Over the next 12-15 months, Peppermint plans smaller and larger cleaning and material-handling robots, alongside upgrades. Outdoor cleaning robots are planned by 2028.

Its proprietary Peppermint OS powers navigation, while computer vision and LiDAR help machines map spaces and avoid obstacles. Customers can monitor operations through a cloud dashboard and mobile apps. 

Selling Machines And Support

Peppermint sells robots primarily to facility management companies, earning additional revenue from spare parts, annual maintenance contracts, and software and hardware upgrades from the second year.

An average robot costs around ₹20 Lakh in India. US prices range from $35,000 to $40,000, depending on installation and other costs, Dahiwade said.

Its operating revenue rose from ₹2.71 Cr in FY23 to ₹6.26 Cr in FY24 and ₹21 Cr in FY25. The founder said revenue doubled last year and grew nearly sixfold between FY24 and FY26.

The US contributes nearly half its revenue, India close to 30%, and other markets the remainder. Peppermint is planning to set up an assembly line in North America, adding to its Pune manufacturing and R&D base.

It competes with China’s Gausium and Singapore’s LionsBot. Dahiwade claimed Peppermint commands over 65% of India’s floor-cleaning robotics market.

Inc42 Take: Can Peppermint Scale Without Stretching Its Service Network? 

Selling through facility management companies offers a route to deployments across multiple customer locations. Expanding into material handling and cleanrooms could widen this opportunity.

The bigger test is servicing these machines across markets while funding a broader portfolio. Peppermint says its core business has operated profitably for several quarters, but R&D and international expansion have kept the company loss-making overall.

Shipping disruptions and geopolitical developments have also affected its FY27 outlook. It expects to miss its ₹100 Cr revenue target this financial year, though it aims to cross that milestone over the following 12 months. Converting fresh capital into reliable deployments and repeat business will matter more than portfolio breadth alone.

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