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Reliance Retail is likely to pick up a minority stake in robotics startup Addverb Technologies with an investment of around Rs 300 crore.
Reliance Retail is likely to pick up a minority stake in robotics startup Addverb Technologies with an investment of around INR 300 Cr.
Reliance Retail Ventures, the retail unit of Reliance Industries, is likely to acquire a minority stake in warehouse robotics company Addverb Technologies for around ₹300 crore, two people familiar with the matter said
The India Warehousing Show highlighted the fact that the government’s ‘Make in India’ scheme has pushed India's robotics industry to go global.
Automation and robotics firm Addverb Technologies on Thursday launched its multi-carton picking mobile robot, "Veloce", which is said to be highly effective for retail, grocery, fashion and lifestyle, and e-commerce warehouses.The ...