Industrial robotics startup Peppermint raises seed round funding from Venture Catalysts
Summary
NEW DELHI: IIT-Bombay incubated industrial robotics startup Peppermint has received an undisclosed amount of equity funding from Venture Catalysts , said the startup in a press release today. Naveen Kshatriya, former head of Castrol Asia and ANZ also participated in this seed funding round.Peppermint said they will use the funding to scale up their manufacturing, strengthen their after-sales support infrastructure and venture into new markets.The company was founded by Runal Dahiwade, Nityanand Prabhutendolkar and Miraj C. Vora and launched in February this year. It uses scrubbing, chemicals and ultraviolet C rays to kill germs.Dahiwade, founder and CEO, Peppermint, said, "We are excited to strengthen our team and expand to new territories as we scale production. "Apoorv Ranjan Sharma, co-founder, Venture Catalysts, said, With the onset of COVID-19 pandemic , the need for tech-enabled cleaning and hygiene solutions at workplaces is now higher than ever. Robots and automated machines can play a vital role during this crisis as they can minimize human intervention and enable social distancing.