Robotics firm Addverb aims Rs 8,000 cr revenue in 5 years; to invest Rs 500 cr in manufacturing
Addverb, a robotics firm owned by Reliance Retail, aims to generate revenue of over Rs 8,000 crore in the next five years. The company plans to achieve this by scaling up its manufacturing operations and diversifying its target market. Addverb Technologies is set to invest Rs 500 crore in its robot manufacturing facility in Greater Noida, with the aim of achieving $1 billion in revenue.
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