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As a leader in warehouse automation, Addverb specializes in mobile robotics, material handling automation, and warehouse enterprise software. Addverb provides comprehensive warehouse automation solutions that seamlessly integrate fixed and flexible automation for various sectors.
Sangeet Kumar, CEO and Co-Founder of Addverb, said of the solution: “We have successfully delivered innovative, value-driven solutions to more than 300 clients across a variety of industries. Making India’s largest manufacturing plant more sustainable, helping Ajio achieve an impressive 30,000 sorts per hour with streamlined reverse logistics, and providing Lenskart with end-to-end automation to complete order fulfillment. We have reduced the time from days to hours and HUL is now able to process orders worth 28,000 kirana. Store within 24 hours.”
The company’s second manufacturing facility is the world’s largest mobile robot manufacturing facility, capable of producing up to 100,000 robots per year. Elaborating further on the growth front, Kumar said, “Currently, 80% of our revenue comes from India and 20% from overseas markets, but that will change in the next five years. Addverb will expand its business operations. “We plan to keep 50% of the profits.” Revenue is derived from international market and 50% from Indian market.
Technical specifications:
•Starting year: 2016
•no. Number of employees: 800+
•Revenue in FY 2022-23: Revenue in FY 2023 is Rs 450 million.
• External funding received to date: Received funding of USD 132 million from Reliance Industries in 2022. Jalaj Dani has invested approximately USD 11 million through various rounds. In the first year of his establishment he raised US$ 85,000 from GAIL India.
• IP development/patenting: Received 11 design grants and filed 28 patents.
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