GreyOrange raises USD 30 mn in fresh funding round

Robotics company GreyOrange has raised USD 30 million in a second strategic round of funding (Series B) led by Tiger Global Management and existing investor Blume Ventures.
GreyOrange will use this latest round of capital to invest in further research and development for new products, expand its executive team and accelerate its international expansion into Asia Pacific, Middle East and Europe, the company said in a statement.
Headquartered in Singapore, GreyOrange has more than 300 employees, 200 of which are in the engineering team, which is helping transform the logistics industry with its high-tech, automated solutions.
The company has other offices in Hong Kong, Gurgaon, Mumbai, Delhi, Bengaluru and Hyderabad.

"We are doubling our team size globally as we steer the company and our products beyond India and into international markets," co-founder and chief executive Samay Kohli said.
GreyOrange's customers include e-commerce and logistics companies like Flipkart, Amazon India, Jabong, Delhivery, GoJavas, Aramex, DTDC and Kerry Logistics.
The company had earlier raised its Series A round from Tiger Global and Blume Ventures in April 2014.