AMBANI-BACKED ROBOT STARTUP SEEKS $100M

The Indian startup aims to secure the funding to expand operations and solidify its position as the country's top robot maker. Addverb develops automation and robotics solutions for industrial and logistics applications. The funding round represents a significant bet on India's robotics sector, which remains nascent compared to global competitors. The capital will likely support manufacturing capacity, research and development, and market expansion. Addverb competes in a growing market as Indian enterprises increasingly adopt robotics for warehouse automation, material handling, and supply chain optimization. The company's backing from Ambani, India's richest businessman, signals confidence in the robotics opportunity. Successful fundraising would make Addverb one of India's most well-capitalized robotics startups and position it to capture market share as automation demand rises across manufacturing and logistics sectors.