Addverb Technologies, a Noida-based robotics startup, provides intra-logistics automation solutions for the manufacturing and supply chain industry. The company has experienced a surge in robot demand, particularly from the E-commerce and retail sectors, and has set an ambitious target to achieve $1 billion in revenue over the next five years. The company’s key differentiators include its product portfolio, solution capability, and configurable software. The triggers for robotics and automation adoption in India are different than in the West, and the highest demand is from the e-commerce, organised commerce retail, fashion, and grocery sectors.
