Unbox Robotics raises $28M in Series B round led by ICICI Venture
This funding, comprising a mix of primary and secondary capital, will be utilised towards strengthening the leadership and engineering teams, accelerating new product development, and expanding market presence across India and select international markets.
Unbox Robotics, a supply chain robotics technology company, has raised $28 million (Rs 243 crore) in Series B funding, led by ICICI Venture and Redstart Labs (Infoedge), with co-investment from F-Prime, 3one4 Capital, Navam Capital, Force Ventures, and other existing investors.
The funding round, comprising a mix of primary and secondary capital, will be utilised towards strengthening the leadership and engineering teams, accelerating new product development, and expanding market presence across India and select international markets, the company said in a statement.
Founded in 2019, Unbox Robotics builds modular robotic systems for warehouse and intralogistics operations. The company combines swarm-intelligence software with 3D robotic sortation hardware to coordinate large fleets of robots, helping enterprises automate order fulfilment and scale throughput without heavy fixed infrastructure.
The Pune-based company works with customers across India, Europe, and the US, including ecommerce, retail, and third-party logistics companies.
Pramod Ghadge, Founder and CEO, said, the company will use the new capital to scale its products and expand into global markets.
“We are pleased to partner with Unbox Robotics at this stage of their growth. The company has demonstrated strong execution, differentiated technology, and a clear understanding of customer needs in the logistics and intralogistics automation space. We believe Unbox Robotics is well positioned to play a leading role in enabling efficient, scalable warehouse operations in India and globally,” said Sharad Malpani, Director ICICI Venture and Co-Head IVen Amplifi Fund.
Vibhore Sharma, Director Redstart Labs (Infoedge), said, “Unbox Robotics has demonstrated a clear ability to translate insight-led technical innovation into meaningful commercialization. As the company enters its next phase, we look forward to supporting its continued progress.”
Sanjay Aggarwal, Venture Partner F-Prime, said, “Unbox Robotics is one of the leading robotics companies emerging from India to provide best-in-class solutions to the global market. We’ve been consistently impressed by their innovative products, relentless execution, and their ability to deliver proven high-ROI solutions to some of the most demanding customers in the world. We are excited to partner with the team on their next phase of growth.”