Unbox Robotics last week announced that it has secured $28 million in Series B funding. The company said it plans to use the funding to expand its engineering and leadership teams, accelerate product development, and expand its presence across India and select markets.
“This funding is an important milestone for Unbox Robotics,” stated Pramod Ghadge, founder and CEO of Unbox Robotics. “The continued support of our existing investors and the addition of ICICI Venture as our lead investor and F-Prime joining the round from the U.S. strengthens our ability to scale faster. With over 5x year-on-year growth and profitability, we’re now doubling down on scaling our products across key global markets.”
Founded in 2019, Unbox Robotics designs and deploys modular robotic systems. The Pune, India-based company said its platform combines proprietary swarm-intelligence software with modular 3D robotic sortation hardware.
Vertical sortation, swarm intelligence optimize space
Unbox offers a range of fulfillment systems built on its core UnboxSort vertical robotic sortation technology. They use swarm-enabled fleet coordination and integrated hardware and software to maximize throughput and space efficiency in warehouse environments.
The company said its robots use warehouse height to make the most of warehouse space. Unbox said its system can reduce floor space requirements by 50% to 70% compared with conveyor-based systems.
The robots use swarm-based algorithms and smart fleet management to optimize routing. Depending on the use case and end-user needs, the system can include different racking types and different modules, such as an automated weighing module.
Unbox Robotics plans to expand internationally
Unbox Robotics said it has built a growing customer base across Europe, the U.S., and India. Its customers include global e-commerce, retail, and third-party logistics (3PL) operators.
ICICI Venture and Redstart Labs (Infoedge) led Unbox’s funding. It also included co-investment from F-Prime, 3one4 Capital, Navam Capital, Force Ventures, and other existing investors.
Unbox said that ICICI brings institutional expertise, governance capabilities, and a shared belief in the role of automation in enabling scalable, efficient supply chains.
“We are pleased to partner with Unbox Robotics at this stage of their growth,” said Sharad Malpani, the director of ICICI Venture and co-head of the IVen Amplifi Fund. “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.”
The round made up of a mix of primary and secondary capital. As part of the transaction, Unbox said it created liquidity for its employees through its employee stock ownership plan (ESOP) program.
“Unbox Robotics is one of the leading robotics companies emerging from India to provide best-in-class solutions to the global market,” said Sanjay Aggarwal, a venture partner at F-Prime. “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.”