When was Addverb founded?

Addverb was founded in 2016 and raised its 1st funding round 1 year after it was founded.

Where is Addverb located?

Addverb is headquartered in Noida, India.

Who is the current CEO of Addverb?

Sangeet Kumar of Addverb. They have also founded 1 company and are an angel investors in 1 startup.

Which legal entities is Addverb associated with?

Addverb is associated with ADDVERB TECHNOLOGIES LIMITED and 1 other.

How many employees does Addverb have?

As of Dec 31, 2025, the latest employee count at Addverb is 953.

Is Addverb a funded company?

Addverb is a funded company, having raised a total of $11M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 02, 2017.

How much is Addverb worth?

The last known valuation of Addverb was $***** as of Jan 18, 2022.

When was the latest funding round of Addverb?

Addverb's latest funding was a $***** Grant (prize money) round on Mar 01, 2023, with participation from 1 investor.

What is the annual revenue of Addverb?

Annual revenue of Addverb is between ₹100 Cr and ₹500 Cr as on Mar 31, 2026

Where does Addverb rank among its competitors?

Addverb ranks 2nd amongst 804 active competitors, of which 162 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Vention, which secured $110M in Jan, 2026.

Who are the top competitors of Addverb?

Addverb's top competitors include GreyOrange, Vention and Geekplus. Among them, Vention secured the most recent funding round in January, 2026.

Addverb - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Addverb an acquired company?

Addverb got acquired by Reliance Retail on Jul 01, 2021.

Addverb is an acquired company based in Noida (India), founded in 2016 by Satish Shukla, Sangeet Kumar, Prateek Jain and Bir Singh. It operates as a Manufacturer of robotics and software systems for warehouse automation solutions. Addverb has raised $11M in funding from investors like GAIL, Reliance Retail and Smiti Holding and Trading, with last known valuation of $*****. The company has 804 active competitors, including 162 funded and 74 that have exited. Its top competitors include companies like GreyOrange, Vention and Geekplus.

Company Details

Manufacturer of robotics and software systems for warehouse automation solutions. The product range includes autonomous mobile robots, sorting systems, automated storage and retrieval systems, and picking technologies. These hardware components integrate with proprietary management software to control material movement, sortation, and storage processes within industrial environments. The hardware and software systems coordinate to improve throughput, fulfillment accuracy, and storage density for various sectors.

Website: addverb.com
Social
Email ID: *****@addverb.com
Phone Number: +91 **********

Key Metrics

Founded Year

2016

Location

Noida, India

Stage

Acquired

Total Funding

$11M in 5 rounds

Latest Funding Round

Grant (prize money), Mar 01, 2023, $*****

Last Known Valuation

$***** as on Jan 18, 2022

Investors

GAIL & 7 more

Ranked

2^nd among 804 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2026

Employee Count

953 as on Dec 31, 2025

Similar Companies

GreyOrange & 777 more

Exit Details

Acquired by Reliance Retail (Jul 01, 2021)

View Addverb's full profile

Addverb is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
ADDVERB TECHNOLOGIES USA INC CIN: 873656773 , United States, Active	Dec 31, 1999	-	41 (As on Dec 31, 2025)	-
ADDVERB TECHNOLOGIES LIMITED CIN: U74999UP2016PLC122944 , India, Active	Jun 24, 2016	₹100 - ₹500 Cr (As on Mar 31, 2026)	921 (As on May 01, 2026)

Addverb got acquired by Reliance Retail on Jul 01, 2021 at an acquisition amount of $*****.

Click here to take a look at Addverb's acquisition in detail

Addverb has raised a total funding of $11M over 5 rounds. Its first funding round was on Oct 02, 2017. Its latest funding round was a Grant (prize money) round on Mar 01, 2023 for $*****. 1 investor participated in its latest round. Addverb has 6 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Addverb:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 01, 2023	1460364	Grant (prize money)	7804906	5315278	4112015	9278714
Mar 23, 2021	2864564	Series B	6838170	5075820	5874066	Reliance Retail
Jun 27, 2019	9013904	Series A	9753025	9174702	Smiti Holding and Trading	Atul Kumar

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View details of Addverb's funding rounds and investors

The founders of Addverb are Satish Shukla, Sangeet Kumar, Prateek Jain and Bir Singh. Sangeet Kumar and David Huxley are the CEOs of Addverb.

Here are the details of Addverb's key team members:

Satish Shukla: Co-Founder & CHRO of Addverb. They are also an angel investor in 1 startup.
Contact Info: 1 email address and 1 phone number
Sangeet Kumar: Co-Founder & CEO of Addverb. They are also an angel investor in 1 startup.
Contact Info: 1 email address and 1 phone number
Prateek Jain: Co-Founder & COO of Addverb.
Contact Info: 1 email address
Bir Singh: Co-Founder & CSO of Addverb.
Contact Info: 1 email address

Addverb's Board of Directors

Addverb's board has 10 active members. Jalaj Ashwin Dani, Prateek Jain, Sangeet Kumar and Ashok Kumar Goyal are part of team and Dhirendra Harilal Shah, Chandrakant Shripad Gokhale, Ashwin Ahamendra Khasgiwala, Kiran Mathew Thomas, Anish Keshavlal Shah and Hetal Jignesh Rathod are independent board members.

Here is the list of Addverb's board of directors:

Name	Type	Representing	Status	Duration
Prateek Jain	Team	-	Current	10y 2m
Sangeet Kumar	Team	-	Current	10y 2m
oqy{mus	Team	-	Past	1y 8m
Jalaj Ashwin Dani	Investor	-	Current	8y 7m
Ashok Kumar Goyal	Investor	-	Current	8y 7m
Dhirendra Harilal Shah	Independent board member	-	Current	4y 11m
dvhkthi	Independent board member	-	Current	8y 8m
rxjnr{j	Independent board member	-	Current	6y 2m
jfj{wbk	Independent board member	-	Current	9y 2m
yrpqhyo	Independent board member	-	Current	5y 2m
cnmjxam	Independent board member	-	Current	2y 8m

View details of Addverb's Founder profiles and Board Members

Addverb's employee count trend

Addverb has 953 employees as of Dec 25. The total employee count is 3.0% more than what it was in Dec 24. Here is Addverb's employee count trend over the years:

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Top competitors of Addverb include GreyOrange, Vention and Geekplus. Here is the list of Top 10 competitors of Addverb, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	GreyOrange 2012, Suwanee (United States), Series D	Provider of warehouse and in-store automation solutions using artificial intelligence	$545M	Mithril, Tiger Global Management & 56 others	74/100
2nd	Addverb 2016, Noida (India), Acquired	Manufacturer of robotics and software systems for warehouse automation solutions	$11M	Reliance Retail, Asiana Fund & 6 others	73/100
3rd	Vention 2016, Montreal (Canada), Series D	Provider of integrated hardware software and artificial intelligence automation systems	$263M	Georgian, Real Ventures & 13 others	71/100
4th	Geekplus 2015, Beijing (China), Public	Provider of robotics solutions for warehouse and logistics automation needs	$532M	Warburg Pincus, Granite Asia & 16 others	71/100
5th	Kindred 2014, San Francisco (United States), Acquired	Developer of AI-powered robotics for picking placing sorting automation	$28M	Tencent, Eclipse & 11 others	71/100
6th	Third Wave Automation 2018, Union City (United States), Series C	Developer of autonomous forklift solutions for warehouse material handling operations	$97M	Qualcomm Ventures, Norwest & 9 others	71/100
7th	Agility Robotics 2015, Salem (United States), Series C	Developer of robots and a cloud-based automation platform for logistics operations	$180M	Playground Global, DCVC & 20 others	69/100
8th	Pickle Robot 2018, Cambridge (United States), Series B	Developer of AI-powered robotic systems for warehouse and supply chain automation	$87M	Ranpak, RRE Ventures & 12 others	67/100
9th	Unbox Robotics 2019, Pimpri Chinchwad (India), Series B	Provider of software-defined robotics system for warehouse operations	$28.2M	3one4 Capital, RedStart Labs & 54 others	67/100
10th	Symbotic 2007, Wilmington (United States), Public	Developer of warehouse automation solutions based on AI and Robotics technology	-	-	67/100

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Founders own 27.79%, Enterprises (largest shareholder) own 35.42%, Angels own 2.91% and Other People own 33.87%. The net worth of Addverb's founders is INR 335Cr as of Jul 26, 2019. The cap table displayed below is for ADDVERB TECHNOLOGIES LIMITED which is the legal entity associated with Addverb.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	27.79%	335Cr	4144440	7725046	6390986	1417358
Satish Shukla	4296	7256	6647	2525	4280	2098
Enterprise	35.42%	427Cr	2761444	4849796	7932868	3317072
Angel	2.91%	35.1Cr	74	88	79	87
Atul Kumar	91	95	36	44	44	53
Other People	33.87%	408Cr	8049540	7364362	4576506	1546715
Total	99.99%	1,200Cr	4372940	6098963	6812994	1778014