Unbox Robotics, a provide chain robotics expertise firm, has secured $28 million (INR 243 crore) in Collection B funding, led by ICICI Enterprise and Redstart Labs (Infoedge), with co-investment from F-Prime, 3one4 Capital, Navam Capital, Power Ventures, and different present buyers.
This funding spherical, comprising a mixture of main and secondary capital, can be utilized in direction of strengthening the management and engineering groups, accelerating new product improvement, and increasing market presence throughout India and choose worldwide markets.
This fundraise marks a key step for Unbox Robotics as the corporate scales its mission of remodeling warehouse and logistics operations by clever robotics and automation. The corporate additionally created significant liquidity for workers by its ESOP program as a part of the transaction.
Based with the imaginative and prescient of remodeling intralogistics by clever automation, Unbox Robotics designs and deploys modular robotic techniques that allow sooner, scalable, and extra environment friendly order fulfilment for enterprises.
Unbox Robotics’ platform combines proprietary swarm-intelligence software program with modular 3D robotic sortation {hardware}, permitting massive fleets of robots to coordinate dynamically and scale throughput with minimal mounted infrastructure.
The corporate has constructed a rising buyer base throughout Europe and the US, alongside India, supporting international e-commerce, retail, and third-party logistics operators. This backing from ICICI Enterprise represents a robust validation of Unbox Robotics’ expertise, buyer traction, and long-term imaginative and prescient.
ICICI Enterprise brings deep institutional experience, sturdy governance capabilities, and a shared perception within the position of automation in enabling scalable, environment friendly provide chains – making them a perfect companion for Unbox Robotics’ subsequent section of development.
Pramod Ghadge, founder and CEO of Unbox Robotics, says: “This funding is a crucial milestone for Unbox Robotics. The continued help of our present buyers and the addition of ICICI Enterprise as our lead investor and F-Prime becoming a member of the spherical from the US, strengthens our skill to scale sooner.
“With over 5x year-on-year development and profitability, we’re now doubling down on scaling our merchandise throughout key international markets. We plan to make use of this capital to construct a world-class workforce, speed up new product improvement, and develop our presence throughout key markets as demand for warehouse automation continues to develop.”
Sharad Malpani, director, ICICI Enterprise and co-head, IVen Amplifi Fund, says: “We’re happy to companion with Unbox Robotics at this stage of their development.
“The corporate has demonstrated sturdy execution, differentiated expertise, and a transparent understanding of buyer wants within the logistics and intralogistics automation area.
“We imagine Unbox Robotics is nicely positioned to play a number one position in enabling environment friendly, scalable warehouse operations in India and globally.”
Vibhore Sharma, Director, Redstart Labs (Infoedge), says: “Unbox Robotics has demonstrated a transparent skill to translate insight-led technical innovation into significant commercialization. As the corporate enters its subsequent section, we sit up for supporting its continued progress.”
Sanjay Aggarwal, enterprise companion, F-Prime, says: “Unbox Robotics is among the main robotics corporations rising from India to offer best-in-class options to the worldwide market.
“We’ve been persistently impressed by their progressive merchandise, relentless execution, and their skill to ship confirmed high-ROI options to a number of the most demanding clients on this planet. We’re excited to companion with the workforce on their subsequent section of development.”
Essential picture: Rohit Pitale, chief development and product officer; Pramod Ghadge, co-founder and chief government officer; Shahid Memon, co-founder and chief expertise and operations officer
