Unbox Robotics Secures US$28 million in Series B Fundraise Led by ICICI Venture | RoboticsTomorrow

Unbox Robotics, a main supply chain robotics technology company, as we enlighten time announced that it has secured US$28 million (INR 243 crore) in Sequence B funding, led by ICICI Mission and Redstart Labs (Infoedge), with co-investment from F-High, 3one4 Capital, Navam Capital, Force Ventures, and other present investors. This funding spherical, comprising a mixture of critical and secondary capital, will likely be utilized in direction of strengthening the management and engineering groups, accelerating unique product fashion, and rising market presence across India and settle world markets.

This fundraise marks a key step for Unbox Robotics because the corporate scales its mission of remodeling warehouse and logistics operations through incandescent robotics and automation. The company furthermore created critical liquidity for workers through its ESOP program as section of the transaction.

Founded with the imaginative and prescient of remodeling intralogistics through incandescent automation, Unbox Robotics designs and deploys modular robotic programs that allow quicker, scalable, and more efficient mumble fulfilment for enterprises. Unbox Robotics’ platform combines proprietary swarm-intelligence instrument with modular 3D robotic sortation hardware, allowing astronomical fleets of robots to coordinate dynamically and scale throughput with minimal mounted infrastructure.

The company has constructed a rising buyer sinister across Europe and the US, alongside India, supporting world e-commerce, retail, and third-event logistics operators. This backing from ICICI Mission represents a genuine validation of Unbox Robotics’ technology, buyer traction, and lengthy-duration of time imaginative and prescient. ICICI Mission brings deep institutional skills, genuine governance capabilities, and a shared perception within the role of automation in enabling scalable, efficient supply chains—making them to take into accounta good accomplice for Unbox Robotics’ subsequent share of development.

Pramod Ghadge, Founder & CEO of Unbox Robotics, said, “This funding is a important milestone for Unbox Robotics. The ongoing reduction of our present investors and the addition of ICICI Mission as our lead investor and F-High joining the spherical from the US, strengthens our potential to scale quicker. With over 5x one year-on-one year development and profitability, we’re now doubling down on scaling our merchandise across key world markets. We thought to train this capital to construct an world-class crew, tempo up unique product fashion, and lengthen our presence across key markets as quiz for warehouse automation continues to grow.”

Sharad Malpani, Director, ICICI Mission and Co-Head, IVen Amplifi Fund, said, “We’re cheerful to accomplice with Unbox Robotics at this stage of their development. The company has demonstrated genuine execution, differentiated technology, and a specific working out of buyer wants within the logistics and intralogistics automation role. We predict about Unbox Robotics is neatly positioned to play a main role in enabling efficient, scalable warehouse operations in India and globally.”

Vibhore Sharma, Director, Redstart Labs (Infoedge), said, “Unbox Robotics has demonstrated a specific potential to translate perception-led technical innovation into critical commercialization. As the corporate enters its subsequent share, we detect forward to supporting its continued growth.”

Sanjay Aggarwal, Mission Partner, F-High, said, “Unbox Robotics is one in every of the main robotics companies rising from India to accomplish supreme-in-class solutions to the realm market. Now we decide up been continuously impressed by their innovative merchandise, relentless execution, and their potential to ship confirmed high-ROI solutions to some of essentially the most anxious possibilities within the arena. We’re enraged to accomplice with the crew on their subsequent share of development.”