About Addverb
Addverb is a company based in Noida (India) founded in 2016 by Sangeet Kumar and Satish Shukla was acquired by Reliance Retail in January 2022. Addverb has raised $66.89 million across 6 funding rounds from investors including Reliance Retail, Reliance Industries and GAIL. The company has 768 employees. Addverb offers products and services including Autonomous Mobile Robot, Warehouse Management System, and Robotic Sorter. Addverb operates in a competitive market with competitors including Third Wave Automation, RightHand Robotics, Kindred, GreyOrange and Agility Robotics, among others.
- Headquarter Noida, India
- Employees 768
- Founders Sangeet Kumar, Satish Shukla
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsIndustrial Goods & Manufacturing Technology
- Email••••••••
- Phone•••• ••••
- Website addverb.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Reliance Retail (Jan 2022)
- Legal Name Addverb Technologies Limited
- Date of Incorporation 24 Jun, 2016
- Jurisdiction Gautam Buddha Nagar, Uttar Pradesh, India
- Annual Revenue₹392 Cr
FY 2026 · +18% YoY
- Net Loss-₹96.36 Cr
FY 2026 · -25% margin
- EBITDA-₹37.98 Cr
FY 2026 · -10% margin
- Total Equity Funding$66.89M (USD)
in 6 rounds
- Latest Funding Round$16.29K (USD), Grant
Mar 2023
- InvestorsReliance Retail
& 6 more
- Employee Count768
- Acquired byReliance Retail
(Jan 2022)
Associated legal entities of Addverb
Addverb operates through Addverb Technologies Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Addverb Technologies Limited CIN U74999UP2016PLC122944 | Active | 24 Jun 2016 | Noida, Uttar Pradesh | ₹392 Cr | 957 | 11 | View details |
Products & Services of Addverb
Addverb offers a comprehensive portfolio of products and services, including Autonomous Mobile Robot, Warehouse Management System, and Robotic Sorter.
Handles material movement in warehouses for improved efficiency.
Manages inventory and operations in automated warehouses.
Facilitates sorting and processing of items in logistics.
Apps and channels of Addverb
its YouTube channel Addverb has 7.72K subscribers and 30 videos.
Videos from Addverb
The most watched videos on Addverb's YouTube channel, Addverb (7.72K subscribers). Click a video to play it here.
More on Addverb .
Funding Insights of Addverb
Addverb has successfully raised a total of $66.89M across 6 strategic funding rounds. The most recent funding activity was a Grant round of $16.29 thousand completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $66.89M
- Total Rounds 6
- Last Round Grant — $16,290
- First Round $1.07M
(Oct 2017)
- Investors Count 7
All 6 funding rounds of Addverb with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2023 | $16,290 | Grant | – | – | |
| Mar 2021 | $45.92M | Series B | $285.07M | Reliance Retail, Reliance Industries | |
| Jun 2019 | $9.79M | Series A | $174.89M | Smiti Holding and Trading | |
| Jan 2019 | $105,160 | Seed | $••••• | GAIL | – |
| Jun 2018 | $10M | Angel Round | – | Jalaj Ashwin Dani | – |
| Oct 2017 | $1.07M | Seed | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2021 | $285.07M | •••••••• |
| Jun 2019 | $174.89M | •••••••• |
| Jan 2019 | $••••• | •••••••• |
| Oct 2017 | $••••• | •••••••• |
Full valuation and stage history of Addverb
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
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Verified entity values are shown only after access is granted.
Last known valuation $285.07M (Mar 2021). 7 investors in total: 5 institutional and 2 angel.
Investors in Addverb
Addverb has secured backing from 7 investors, including institutional and angel investors. Prominent investors backing the company include Reliance Retail, Reliance Industries and GAIL.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Retail chain offering diversified products | 2006 | relianceretail.com | Mumbai, India | |
- | – | smitiholdingandtrading.tcc.mode | - | |
Diversified conglomerate operating across multiple industries | 1958 | ril.com | Mumbai, India | |
Natural gas exploration, production, transmission, marketing, and processing are conducted. | 1984 | gailonline.com | Delhi, India | |
AK Atul Kumar | Angel investor and entrepreneur, focused on tech startups in India. | – | unknown_c9c198fa92e144d39 | - |
JA Jalaj Ashwin Dani | - | – | unknown_311f9c3583204d05a | - |
Investor details for Addverb
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Addverb Technologies Limited (Addverb)
Addverb Technologies Limited is the primary company behind Addverb. The board of Addverb Technologies Limited currently have 9 directors; the longest-serving is Sangeet Kumar, appointed in 2016. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sangeet Kumar DIN 07551490 | Whole-time director | 24 Jun 2016 | 10 yrs 3 mo | Addverb Technologies Limited |
| Ashok Kumar Goyal DIN 00007920 | Director | 12 Feb 2018 | 8 yrs 7 mo | Addverb Technologies Limited |
| Jalaj Ashwin Dani DIN 00019080 | Director | 12 Feb 2018 | 8 yrs 7 mo | Addverb Technologies Limited |
| Anish Keshavlal Shah DIN 07205243 | Director | 16 Sep 2021 | 5 yrs | Addverb Technologies Limited |
| Kiran Mathew Thomas DIN 02242745 | Director | 16 Sep 2021 | 5 yrs | Addverb Technologies Limited |
| Chandrakant Shripad Gokhale DIN 00012666 | Director | 16 Sep 2021 | 5 yrs | Addverb Technologies Limited |
| Dhirendra Harilal Shah DIN 00004616 | Director | 16 Sep 2021 | 5 yrs | Addverb Technologies Limited |
| Ashwin Ahamendra Khasgiwala DIN 00006481 | Director | 16 Sep 2021 | 5 yrs | Addverb Technologies Limited |
| Hetal Jignesh Rathod DIN 00010711 | Director | 20 Jul 2022 | 4 yrs 2 mo | Addverb Technologies Limited |
People of Addverb
56 people are tracked at Addverb (22 in leadership, 34 in team); the tracked headcount is 768.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Co-CEO | Leadership | |
Satish Shukla | Co-Founder | Leadership |
David Huxley | Co-CEO | Leadership |
Akshay Kulkarni | Deputy General Manager | Leadership |
Yoginder Kumar | Deputy General Manager | Leadership |
Ankita Modi | Deputy General Manager | Leadership |
Manish Jha | Chief Information Officer | Leadership |
Sriram Sridhar | Ceo, Addverb Americas | Leadership |
Prateek Jain | Chief Operations Officer | Leadership |
Kanupriya Verma | Deputy General Manager | Leadership |
Joe Sams | Director Of Sales | Leadership |
Vishwajeet Singh | General Manager | Leadership |
Bir Singh | Co-founder | Leadership |
Suumit Joshii | Chief Learning Officer And Head - Business Excellence | Leadership |
Nitin Davessar | Chief Manager - Sales | Leadership |
Inderpreet Singh | Vice President Solution Sales | Leadership |
Prabhu Dubey | Senior Director | Leadership |
Sarthak Upadhyay | Chief Manager - Mobile Robotics | Leadership |
Yash Shah | Deputy General Manager | Leadership |
Brajesh Jha | Vice President | Leadership |
36 more people are available in the full profile.
Complete people profiles for Addverb
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Addverb
Figures of Addverb Technologies Limited, the primary company behind Addverb, for FY 2026. Revenue was ₹392 Cr (+18% year on year). Net loss was -₹96.36 Cr (-25% margin). EBITDA was -₹37.98 Cr (-10% margin). Revenue has grown at a compounded annual rate of -2% over three years and +15% over five years.
- ₹392 CrRevenue · FY 2026 · +18% YoY
- -₹96.36 CrNet loss · -25% margin
- -₹37.98 CrEBITDA · -10% margin
- ₹53.5 LakhPaid-up capital
- 957Employees (provident fund records)
- -2%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Addverb Technologies Limited are on its company page.
Detailed financial statements for Addverb
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Addverb
5 dated milestones of Addverb across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Addverb is founded.
- Funding First funding round of $1.1M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Reliance Retail.
- Funding Latest funding round, Grant, of $16K.
Competitors of Addverb
Addverb operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Third Wave Automation, RightHand Robotics, Kindred, GreyOrange and Agility Robotics, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| thirdwave.ai | 2018 | Union, United States | $82M | – | AI and cloud-driven automation is delivered for warehouse material handling. | |
| righthandrobotics.com | 2014 | Cambridge, United States | $125.32M | 57 | AI-enabled robotic grippers for object picking are provided. | |
| kindred.ai | 2014 | San Francisco, United States | $28M | 5 | Provider of a pick and place robot for e-commerce applications | |
| greyorange.com | 2012 | Roswell, United States | $545.23M | – | AI and SaaS-based robots for warehouse automation are provided. | |
| agilityrobotics.com | 2015 | Albany, United States | $178M | 225 | Bipedal robots are developed for locomotion, navigation, and manipulation applications. | |
| geekplus.com | 2015 | Beijing, China | $532.19M | – | Autonomous mobile robots are supplied for warehouse operations. | |
| locusrobotics.com | 2014 | Wilmington, United States | $438.45M | 375 | Automated robotic solutions are provided for warehouse operations. | |
| kinexon.com | 2012 | Munich, Germany | $130M | 66 | Location and motion analytics are tracked via sensor-based platform. | |
| vanderlande.com | 1949 | Eindhoven, Netherlands | – | 1,302 | Automated material handling systems are developed for airports and warehouses. | |
| vecnarobotics.com | 2018 | Cambridge, United States | $193M | 138 | Robotic solutions for workflow automation are developed across industries. |
Detailed competitors of Addverb
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Addverb
The website of Addverb (addverb.com) receives about 36.2K visits a month.
- Monthly visits36.2K
▼ 2.8% vs previous month
Websites whose visitors overlap most with Addverb. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| naurobot.com | 100% | 13.3K | #1,926,030 | View details | |
| seer-group.com | 95% | 6.8K | #3,262,492 | View details | |
| attabotics.com | 90% | 7.7K | #3,010,364 | View details | |
scmtalent.com | scmtalent.com | 84% | – | #1,816,711 | – |
| difacto.com | 84% | – | – | View details |
Latest news on Addverb
Complete news archive for Addverb
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Addverb
10 companies that operate in the same segment as Addverb (Logistics Technology & Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore | USD 9.09 B | USD 3.37 B | 11,270 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 62,070 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 344.42 M | USD 135.47 M | 800 | |
App based platform offering on demand delivery and ride-hailing services | 2010 | Jakarta, Jakarta, Indonesia | USD 4.72 B | – | – | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M | – | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Frequently Asked Questions about Addverb
Addverb was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Addverb is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Sangeet Kumar is the current CEO of Addverb. They have also founded this company.
Addverb is a funded company, having raised a total of $66.89M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1.07M, raised on Oct 2017.
Addverb has 768 employees.
The primary company behind Addverb, Addverb Technologies Limited, reported revenue of ₹392 Cr for FY 2026, up 18% year on year.
Addverb was founded in 2016 in Noida, India, focusing on the logistics and warehousing sector. Automated systems for material handling, storage, reverse logistics, picking, and sortation are provided through mobile robots, automated storage and retrieval systems, and warehouse management software. Fleet management tools are also offered for monitoring robotic operations. These solutions aim to enhance productivity and space utilization in warehouses across various industries.
Addverb's top competitors include GreyOrange, Third Wave Automation and Agility Robotics.
Addverb offers Autonomous Mobile Robot, Warehouse Management System, and Robotic Sorter.
Addverb has 7 investors. Key investors include Reliance Retail, Reliance Industries, GAIL, European Union, and Atul Kumar.
The valuation of Addverb is $285.07M as of Mar 2021.
Addverb operates through Addverb Technologies Limited.