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GreyOrange secures $30M from Tiger Global and Blume Ventures

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Robotics and warehouse automation startup GreyOrange Robotics has raised $30 million in a round of funding from existing investors Tiger Global Management, Blume Ventures and others, reports Vccircle. The company will use the funds for investing in R&D as well as to expand to Asia Pacific, Middle East and Europe.

As of now, GreyOrange counts Flipkart, Kerry Logistics, Jabong, DTDC, Aramex, Amazon.in, Gojavas and Mahindra as its clients. The platform claims it currently manages over 3 million packages per day.

GreyOrange previously raised an undisclosed amount of funding from the same investors and angel investors like Alok Rawat and Dileep Nath in April last year. The company had then declined to disclose the investment size, although reports suggested that it raised Rs 54 crore to Rs 60 crore in the round. Prior to this, Grey Orange Robotics had secured investment from Blume Ventures, BITS Sparks Angels and other International Angels in March 2013.

Founded in February 2011 by Samay Kohli and Akash Gupta, Grey Orange Robotics builds worker robots and assisting systems for warehouse automation. It currently has two products – Butler and Sorter. Butler, the company’s flagship product, is a material handling system comprising small robots that traverse on a grid of paths across the warehouse floor to fetch racks of items to the packer. The robot also lets companies optimize their warehouse arrangement by dynamically resorting storage racks depending on order data.

On the other hand, the Sorter is an automated sorting, scanning and weighing system, which sorts and diverts packets to the designated delivery vendors. The company claims that its sorter can scan and sort parcels of all types and sizes at an average speed of 1,500, 3,000 or 6,000 parcels per hour. Other than this, the Sorter can also measure and weigh parcels and sort irregularly shaped parcels.

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