Peer Robotics Closes Operations: A Look into the Shutdown

Kalaari-backed mobile robotics solutions platform Peer Robotics has ceased operations, indicating that the US-based company can no longer sustain its business activities. During a recent shareholders’ meeting, the board of Peer Robotics made a decision to approve the removal of the company’s name from the Registrar of Companies (RoC), as outlined in a regulatory filing obtained from the Ministry of Corporate Affairs.

The regulatory filing revealed, “The company has not conducted any business activities for the past two years, and the board of directors believes it will be unable to resume operations in the future.”

About Peer Robotics

Established in 2019 by Rishabh Agarwal and Tanya Raghuvanshi, Peer Robotics was created to collaborate with humans by imitating workflows in manufacturing settings for repetitive tasks. This innovation aimed to save time, enhance efficiencies, and lower the risk of injuries. The platform provided adaptive robots tailored for manufacturing, assembly lines, and warehousing sectors.

Funding and Financials

In 2022, Peer Robotics secured $2.3 million in a seed funding round led by Kalaari Capital, with contributions from Axilor Ventures, Connecticut Innovation, and Innopact VC. The company also participated in the Stanley+Techstars Accelerator programme, which is known for nurturing innovative startups.

Unfortunately, the financial records reflect a shutdown or inactive status, revealing no revenue and a minimal loss for FY24, according to its annual financial statement. In FY23, Peer Robotics registered a modest revenue of Rs 34 lakh, which marked a significant decline from Rs 1.33 crore in FY22.

Trends in Indian Startup Closures

In 2025, numerous Indian startups, including those with substantial investor funding, have ceased operations. Notably, the hyperlocal delivery service Dunzo, which had acquired over $450 million, went offline and shut down its app following the departure of its co-founder. Additionally, the fintech startup Cushion ended its operations in January 2025, alongside healthtech company Alza, edtech platform Level, and logistics startup Pandion, all of which closed during the same year.