greyorange funding

greyorange funding

Gurgaon-based robotics startup Grey Orange Robotics (GOR), which develops warehouse automation systems, has raised $30 million in a round led by Tiger Global Management, with participation from existing investors Blume Ventures.

The company will use the fresh funding raised in developing new products, expand internationally into Asia Pacific, Middle East and Europe.

Grey Orange designs, manufactures and deploys advanced robotics systems for automation at distribution and fulfillment centres

Founded in 2011 by two graduates from the Birla Institute of Technology and Science in Pilani – Samay Kohli, 28 and Akash Gupta, 25, Grey Orange has a demo warehouse in Gurgaon which demonstrate company’s automated warehousing systems and package sortation systems by which it aims to lessen the time taken in warehouse management.

The company says it has a 90% market share of India’s warehouse automation market and it powers over 180,000 square feet of warehouse. Is clients include all major e-commerce companies in India like Amazon, Flipkart, Jabong.

In 2013, Grey Orange Robotics received angel funding from a consortium of investors led by Blume Ventures and BITS Spark Angels followed by funding of about Rs 54 crore in the round led by Tiger Global and Blume Ventures, in April last year. The company then become the first Indian robotics and artificial intelligence company to get funded by global investors.

Other than Gurgaon GreyOrange has its offices in Hong Kong, Mumbai, Delhi, Bengaluru and Hyderabad. Its Gurgaon-based R&D team is gearing up to move into its 1200 seater, state-of-the-art campus with a global prototyping center that is equipped with laser cutters, 3D printers, a full-fledged paintshop, 5-axis milling and lathe, customer demo centres and a host of simulation equipment.

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Besides GreyOrange, Noida-based Falcon AutoTech also caters to the warehouse automation market in India.

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