Reliance-backed Addverb hunts $100M to scale humanoids, eyes IPO with ₹1,300 cr FY26 revenue
Addverb Technologies, the Ambani-backed warehouse robotics firm serving Lenskart, HUL and Reliance Retail, is raising over $100M to fund humanoid robots and AI. The 1,100-person company projects ₹1,300 cr revenue this fiscal on a $200M order book, positioning for an IPO once it crosses the ₹4,000-5,000 cr threshold.
Reliance-backed warehouse robotics maker Addverb seeks $100M+ to fund humanoid robots and AI, eyeing IPO in coming years. Customers include Lenskart, HUL, Reliance; revenue projected at ₹1300 crore this fiscal with $200M order book.
Why this matters
Confirms and expands on Addverb's $100M raise to arm Reliance, Lenskart and HUL with humanoid warehouse robots, now adding explicit IPO intent and FY26 revenue guidance.
Retail-company signals steady at 2,527 over the past 90 days.