Grey orange Secures $30 Million funding from Tiger Global and Blume ventures

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Grey Orange, a robotic e-commerce and logistics automation company based in Gurgaon, India received $30 million in Series B round of funding from the hedge fund Tiger Global on Monday, 10th of August 2015.

Headed by Akash Gupta(Founder & CTO), Samay Kohli (Founder &CEO) and Wolfgang Hoeltgen (Founder & Director), the service has been steadily growing over the past couple of years since it’s start in June 1, 2011. Grey Orange boasts of clients like Flipkart, Jabong, Amazon among other services.

Grey orange Secures $30 Million funding
(c) allfun.md

Grey Orange Robotics as it was previously known, is primarily a technology driven company that uses robots to sort and organize orders for e-commerce and logistics companies. It speeds up the entire warehouse logistics handling experience for the e-commerce company, so they can focus on other aspects of the business efficiently and most importantly getting the orders right. Their two unique product offerings are Sorter, a robot that sorts and organizes all the orders for the delivery, so the Butler can do rest of the process. Butler, a robot that helps in dispatching orders for customers that are due for delivery, manage and audits the inventory.

Tiger Global jointly funded Grey Orange along with Blume Ventures, an existing investor of the startup. Grey Orange now has around 300 employees across their offices. Registered in Singapore, it has offices in Gurgaon, Singapore, Mumbai, Delhi, Bangalore, Hyderabad, and Hong Kong.

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