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.

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 Feb 28, 2025, the latest employee count at Addverb is 1876.

Is Addverb a funded company?

Addverb is a funded company, having raised a total of $66.9M across 6 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. Its primary sector is Professional Service Robots. In India, the Professional Service Robots sector has seen $35.5M in funding in 2026 to date.

What is the annual revenue of Addverb?

Annual revenue of Addverb is ₹334Cr as on Mar 31, 2025.

Where does Addverb rank among its competitors?

Addverb ranks 2nd amongst 762 active competitors, of which 156 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Unbox Robotics, which secured $14.1M in Jan, 2026.

Who are the top competitors of Addverb?

Addverb's top competitors include GreyOrange, Unbox Robotics and Kindred. Among them, Unbox Robotics 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 Jan 18, 2022.

Addverb is an acquired company based in Noida (India), founded in 2016 by Satish Shukla and Sangeet Kumar. It operates as a Provider of automated warehouse solutions using robotics and software. Addverb has raised $66.9M in funding from investors like Reliance Industries, GAIL and Reliance Retail, with last known valuation of $*****. The company has 762 active competitors, including 156 funded and 73 that have exited. Its top competitors include companies like GreyOrange, Unbox Robotics and Kindred.

Company Details

Provider of automated warehouse solutions using robotics and software. This company offers a suite of automated systems for material movement, storage, reverse logistics, picking, and sortation. Their solutions incorporate mobile robots, automated storage and retrieval systems (ASRS), and warehouse management systems (WMS). The focus is on improving warehouse productivity, optimizing storage space, and enhancing the efficiency of order fulfillment processes. They also provide fleet management systems for integrated control and monitoring of robotic assets.

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

Key Metrics

Founded Year

2016

Location

Noida, India

Stage

Acquired

Total Funding

$66.9M in 6 rounds

Latest Funding Round

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

Last Known Valuation

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

Investors

Reliance Industries & 7 more

Ranked

2^nd among 762 active competitors

Annual Revenue

₹334Cr as on Mar 31, 2025

Employee Count

1,876 as on Feb 28, 2025

Similar Companies

GreyOrange & 799 more

Exit Details

Acquired by Reliance Retail (Jan 18, 2022)

View Addverb's full profile

Addverb is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ADDVERB TECHNOLOGIES USA INC CIN: 873656773 , United States, Active	Dec 31, 1999	-	23 (As on Dec 31, 2023)	-
ADDVERB TECHNOLOGIES LIMITED CIN: U74999UP2016PLC122944 , India, Active	Jun 24, 2016	$39.5M (As on Mar 31, 2025)	1021 (As on Aug 01, 2025)

Addverb got acquired by Reliance Retail on Jan 18, 2022 at an acquisition amount of $132M.

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

Addverb has raised a total funding of $66.9M over 6 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	4689352	Grant (prize money)	7333454	8345982	4948414	9720898
Mar 16, 2021	9293066	Series B	7988273	7534249	7758530	Atul Kumar & 1 more
Jun 27, 2019	3326766	Series A	9316816	8982190	Smiti Holding and Trading	Atul Kumar

Access funding benchmarks and valuations. Sign up today!

View details of Addverb's funding rounds and investors

The founders of Addverb are Satish Shukla and Sangeet Kumar. Sangeet Kumar, David Huxley and Pieter Feenstra are the CEOs of Addverb.

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

Satish Shukla: Co-Founder 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.
Contact Info: 1 email address and 1 phone number

Addverb's Board of Directors

Addverb's board has 4 active members. Jalaj Ashwin Dani, Prateek Jain and Sangeet Kumar are part of team and Ashok Kumar Goyal is independent board member.

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

Name	Type	Representing	Status	Duration
Prateek Jain	Team	-	Current	9y 8m
Sangeet Kumar	Team	-	Current	9y 8m
udvdjru	Team	-	Past	8y 5m
Jalaj Ashwin Dani	Investor	-	Current	7y 3m
Ashok Kumar Goyal	Independent board member	-	Current	8y 1m

View details of Addverb's Founder profiles and Board Members

Addverb's employee count trend

Addverb has 1,876 employees as of Feb 25. Here is Addverb's employee count trend over the years:

Uncover Addverb's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Addverb include GreyOrange, Unbox Robotics and Kindred. 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	Provider of automated warehouse solutions using robotics and software	$66.9M	Reliance Retail, Asiana Fund & 6 others	71/100
3rd	Unbox Robotics 2019, Pune (India), Series B	Provider of software-defined robotics system for warehouse operations	$28.2M	3one4 Capital, RedStart Labs & 53 others	71/100
4th	Kindred 2014, San Francisco (United States), Acquired	Developer of AI-powered robotics for picking placing sorting automation	$28M	Leaders Fund, Eclipse & 11 others	69/100
5th	Agility Robotics 2015, Salem (United States), Series C	Developer of robots and a cloud-based automation platform for logistics operations	$180M	Playground Global, DCVC & 18 others	69/100
6th	Ati Motors 2017, Bengaluru (India), Series B	Manufacturer of autonomous mobile robots for material movement and productivity	$35.5M	Tamarind Innovation Ventures, NGP Capital ... & 17 others	68/100
7th	Geekplus 2015, Beijing (China), Public	Provider of robotics solutions for warehouse and logistics automation needs	$532M	Warburg Pincus, GGV Capital & 16 others	68/100
8th	Symbotic 2007, Wilmington (United States), Public	Developer of warehouse automation solutions based on AI and Robotics technology	-	-	68/100
9th	RightHand Robotics 2014, Cambridge (United States), Series C	Developer of robotic piece-picking solutions for order fulfillment and warehouse automation	$125M	Menlo Ventures, Safar Partners & 18 others	66/100
10th	Robust 2019, San Carlos (United States), Series A	Developer of autonomous mobile robots and AI-powered workflow automation	$42.5M	Prime Movers Lab, JAZZ Venture Partners & 15 others	66/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Addverb's competitors? Click here to see the top ones

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.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	27.79%	335Cr	9367195	8971628	8271316	2982033
Satish Shukla	6831	6367	4433	4888	7999	6192
Enterprise	35.42%	427Cr	5774751	8157050	5632941	7246297
Angel	2.91%	35.1Cr	54	14	13	42
Atul Kumar	16	12	36	28	79	90
Other People	33.87%	408Cr	8068708	3330898	5186570	7748141
Total	99.99%	1,200Cr	8615095	8576463	8112955	1862177