Why Reliance invested $130 mn in Sangeet’s robotics startup, Addverb

why reliance invested 2000cr in Addverb

India has a long legacy of exporting software to the world. Companies like Infosys, Wipro, and TCS are the giants in this field created on the back of this industry. But guess what? Now, Indian geniuses are flipping the script and exporting hardware globally!

A perfect example of this is Addverb.

Addverb is exporting robotic solutions to the world. They help companies to automate factory or warehouse operations through a whole suite of robots and software and the most inspiring thing about them is that they are going out and beating large legacy foreign players, Japanese, European players, and winning deals.

And speaking of winning, Mukesh Ambani's Reliance Retail has invested $130 mn in Addverb, showing how serious they are about this warehouse innovation game!

Why Reliance invested $130 mn in Sangeet’s robotics startup, Addverb

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