 "robot, robotics, machine")
Mithril Capital, the venture capital fund co-founded by American billionaire entrepreneur and investor Peter Thiel, has opened its India chapter by leading a $140 million (approx Rs 10 billion) round in industrial robotics start-up GreyOrange.
Ajay Royan, who co-founded Mithril along with Thiel, will join the board of GreyOrange, which has emerged a leader in the warehouse automation sector globally. Binny Bansal, co-founder and group CEO of India’s largest e-commerce marketplace Flipkart, also participated in the round.
The Series C investment also saw the exit of some early backers of GreyOrange, but investors Tiger Global, Blume Ventures, Mitsubishi, Flipkart, and Project Verte
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