Indian Robotics Company GreyOrange Plans $600 Million US IPO
Indian Robotics Company GreyOrange Plans $600 Million US IPO
Indian robotics and warehouse automation company GreyOrange, backed by global investors including Tiger Global and Peter Thiel, is reportedly exploring a US initial public offering (IPO) that could raise between $500 million and $600 million. The listing is expected to take place by the end of this year or early next year, subject to market conditions.
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Early Talks With Global Investment Banks
As part of its IPO preparations, GreyOrange is in early-stage discussions with leading global investment banks, including JPMorgan, Bank of America, and Morgan Stanley. Sources familiar with the matter said the banks made initial presentations earlier this month, though discussions remain exploratory and no formal underwriting mandates have been awarded so far.
Bankers involved in the talks estimate that the artificial intelligence robotics company could command a valuation in the range of $1.5 billion to $1.7 billion. Some advisors have also suggested the possibility of a SPAC-led listing, although no final decision has been made on the route to market.
GreyOrange: AI-Driven Warehouse Automation Company
Founded in 2009 by BITS Pilani alumni Samay Kohli and Akash Gupta, GreyOrange has grown into a multinational robotics and software company specialising in AI-powered order fulfillment and warehouse automation. The company develops intelligent software platforms that work in conjunction with AI-driven autonomous mobile robots to plan, decide, and execute warehouse activities in real time.
GreyOrange’s technology enables enterprises to optimise operational trade-offs while maximising throughput, accuracy, and overall warehouse productivity. Its solutions are used by large retailers, ecommerce companies, and logistics providers across multiple geographies.
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Funding History and Key Investors
To date, GreyOrange has raised approximately $270 million across four funding rounds. In a major funding round, the company raised $140 million at a $500 million valuation, led by Mythril Capital, the venture firm co-founded by PayPal co-founder Peter Thiel.
GreyOrange’s investor roster includes Tiger Global, Binny Bansal (co-founder of Flipkart), and Blume Ventures, underscoring strong institutional and strategic backing.
Global Footprint and US Market Focus
While GreyOrange was founded in India, it now operates as a global organisation with significant business operations in the United States. The company has established offices in the US, Singapore, Germany, Japan, and India, serving enterprise customers across North America, Europe, and Asia.
According to people familiar with the discussions, GreyOrange concluded a fresh round of fundraising last year, and the proposed IPO is expected to be its next major capital-raising milestone as it continues to scale globally.
Positioning for the “Age of Immediacy”
GreyOrange positions itself as a technology partner helping enterprises master fulfillment in the so-called “Age of Immediacy”, where speed, accuracy, and reliability are critical competitive advantages. The company says its solutions help customers keep delivery promises, increase sales, reduce fulfillment costs, and improve warehouse employee satisfaction.
What GreyOrange’s IPO Means for Indian Deeptech
If completed, GreyOrange’s US IPO would mark an important milestone for Indian-founded deeptech and robotics companies seeking access to global capital markets. The listing could also reinforce investor confidence in AI-driven automation as a core enabler of modern supply chains.
Frequently Asked Questions (FAQ)
What does GreyOrange do?
GreyOrange is an AI-driven robotics company that provides warehouse and order fulfillment automation solutions using intelligent software and autonomous mobile robots.
Is GreyOrange an Indian company?
Yes, GreyOrange was founded in India in 2009 and now operates globally with major business operations in the United States and other international markets.
How much does GreyOrange plan to raise through its IPO?
The company is reportedly aiming to raise between $500 million and $600 million through a US initial public offering.
What valuation is GreyOrange targeting?
GreyOrange is expected to seek a valuation of approximately $1.5 billion to $1.7 billion.
Who are GreyOrange’s investors?
GreyOrange’s investors include Tiger Global, Mythril Capital, Peter Thiel, Binny Bansal, and Blume Ventures.
Why is GreyOrange considering a US IPO?
With significant operations and customers in the US, a US listing would give GreyOrange access to deeper capital markets and support its global growth strategy.
