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 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.

What is the annual revenue of Addverb?

Annual revenue of Addverb is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Addverb rank among its competitors?

Addverb ranks 3rd amongst 791 active competitors, of which 159 are funded. It stands 6th 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, Zebra and Unbox Robotics. 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.

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
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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

3^rd among 791 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

1,876 as on Feb 28, 2025

Similar Companies

GreyOrange & 816 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	-	28 (As on Dec 31, 2024)	-
ADDVERB TECHNOLOGIES LIMITED CIN: U74999UP2016PLC122944 , India, Active	Jun 24, 2016	₹100 - ₹500 Cr (As on Mar 31, 2025)	921 (As on May 01, 2026)

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

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	2196172	Grant (prize money)	3009656	5416383	9385105	9361491
Mar 16, 2021	2882412	Series B	7461610	6116285	5529623	Atul Kumar & 1 more
Jun 27, 2019	3937561	Series A	8351607	9759091	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 and Sangeet Kumar. Sangeet Kumar and David Huxley 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. They are also an angel investor in 1 startup.
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	10y 0m
Sangeet Kumar	Team	-	Current	10y 0m
zgahkvl	Team	-	Past	7y 9m
Jalaj Ashwin Dani	Investor	-	Current	7y 7m
Ashok kumar Goyal	Independent board member	-	Current	8y 5m

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:

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Top competitors of Addverb include GreyOrange, Zebra and Unbox Robotics. 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	Zebra 1969, United States, Public	Manufacturer of mobile computers, barcode scanners, printers, RFID, and software	-	Greenleaf Trust, Tykhe Ventures & 1 others	73/100
3rd	Addverb 2016, Noida (India), Acquired	Provider of automated warehouse solutions using robotics and software	$66.9M	Reliance Retail, Asiana Fund & 6 others	72/100
4th	Unbox Robotics 2019, Pimpri Chinchwad (India), Series B	Provider of software-defined robotics system for warehouse operations	$28.2M	3one4 Capital, RedStart Labs & 53 others	72/100
5th	Geekplus 2015, Beijing (China), Public	Provider of robotics solutions for warehouse and logistics automation needs	$532M	Warburg Pincus, Intel Capital & 16 others	71/100
6th	Kindred 2014, San Francisco (United States), Acquired	Developer of AI-powered robotics for picking placing sorting automation	$28M	Eclipse, Leaders Fund & 11 others	71/100
7th	Third Wave Automation 2018, Union City (United States), Series C	Developer of autonomous forklift solutions for warehouse material handling operations	$97M	Norwest, Zebra & 9 others	71/100
8th	Agility Robotics 2015, Salem (United States), Series C	Developer of robots and a cloud-based automation platform for logistics operations	$180M	Playground Global, DCVC & 19 others	69/100
9th	Symbotic 2007, Wilmington (United States), Public	Developer of warehouse automation solutions based on AI and Robotics technology	-	-	68/100
10th	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

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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.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	27.79%	335Cr	6122274	6794751	9598775	6521476
Satish Shukla	9755	8939	8398	7559	1863	8815
Enterprise	35.42%	427Cr	7181589	6843256	9819388	9809153
Angel	2.91%	35.1Cr	45	49	83	79
Atul Kumar	24	37	92	18	95	80
Other People	33.87%	408Cr	9018504	9291991	1078090	1639210
Total	99.99%	1,200Cr	5166949	6958494	7316391	8830981