Positioning itself to compete directly with global automation giants, Indian robotics pioneer Addverb Technologies Limited is actively seeking to raise more than $100 million in a fresh institutional funding round.

The upcoming raise marks Addverb’s first major external capital drive since 2021, when billionaire Mukesh Ambani’s Reliance Industries Limited (RIL) injected $132 million to acquire a controlling 54% stake in the firm. This fresh capital push is aimed at expanding the company’s technical capabilities beyond its legacy warehouse sorting systems and driving a deeper foothold into international markets.

1. R&D Blueprint: Shifting to Humanoids and Quadrupeds

While Addverb built its market reputation on industrial autonomous mobile robots (AMRs) used for material movement and warehouse inventory sortation, Chief Executive Officer Sangeet Kumar revealed that the fresh $100 million will be used to target next-generation physical AI:

• The Humanoid & Quadruped Race: A massive chunk of the capital will fund the data collection, software infrastructure, and AI model training required to scale up humanoid robots and quadruped (four-legged) autonomous machines. The company plans to deploy these in complex industrial, healthcare, and defense environments, entering an elite global arena currently contested by the likes of Tesla’s Optimus and Unitree Robotics.
• Breaking the China Component Monopoly: To bypass overseas supply chain dependencies and protect profit margins, Addverb is investing heavily in vertical integration. Following more than two years of internal research and development, the startup is preparing to launch its own proprietary LiDAR sensors, dramatically reducing its reliance on imported Chinese components.

2. Financial Trajectory: Entering the Black on $136M Revenue

Founded in 2016 by four former Asian Paints engineers who struggled early on to win over traditional asset-light venture capital funds, Addverb has scaled into an international outfit employing 1,100 people across two dozen countries.

The company expects its total revenue to hit ₹1,300 crore ($136 million) for the current fiscal year, supported by an active global order book of roughly $200 million.

After absorbing predictable losses over the past two years due to aggressive infrastructure build-outs in the United States, the Netherlands, and Australia, Kumar confirmed that Addverb is on track to return to adjusted profitability by March 2027, with net structural profits projected for the following fiscal cycle.

3. The Long-Term Valuation and IPO Framework

While Reliance Retail retains its dominant controlling stake, Addverb’s original founders and internal employee pool still command a combined 20% equity block.

Though a future public listing remains the definitive endpoint for the business to scale its capital requirements, management is deliberately pumping the brakes on a premature public debut.

“At this stage, we think we are too small to go for an IPO,” CEO Sangeet Kumar stated. “Probably when we are more than ₹4,000 crore or ₹5,000 crore in revenue, that is when we would go for an IPO.”

Given the company’s current compound annual growth rates, Kumar estimates that the ₹4,000+ crore revenue milestone—and the accompanying blockbuster IPO timeline—could realistically be achieved within the next two to three fiscal years.