Grey Orange Robotics Raises Angel Investment
Bangalore: Warehouse Automation Developer - Grey Orange Robotics has raised an undisclosed amount in angel funding from Blume Ventures and BITS Spark Angels including the Hatch Group, Rajesh Sawhney, and Samir Sood.
As part of the investment, Sanjay Nath of Blume Ventures will join the board of directors, while Abhinav Khushraj will be a board observer representing the BITS Spark Angels group.
The Gurgaon based Grey Orange Robotics was established in 2009 by BITS Pilani alums Samay Kohli and Akash Gupta. It develops and deploys leading-edge products and services in robotics and warehouse automation business. It claims to see significant customer traction from some of India’s largest eCommerce players including Flipkart, Yebhi and others.
Spark Angels is an angel network comprising of BITSian angels (distinguished alumni and entrepreneurs) and select non-BITSians partners. It targets to invest from R25 lakhs to R2.5 Cr at seed stage in high potential BITSian start-ups based in India.
In this space, American VC fund Artiman Ventures invested R34 Cr in Tonbo Imaging, an imaging technology company in India.