Unbox Robotics Raises USD 28 Mn Funding Led by ICICI Venture and Redstart Labs The fresh capital will be used to strengthen its engineering team, speed up product development, and expand its presence in India as well as international markets.

Unbox Robotics, a supply chain robotics technology company based in Pune, has raised USD 28 million in a funding round that included both primary and secondary capital.

The round was led by ICICI Venture and Redstart Labs, the investment arm of Infoedge, with participation from F-Prime, 3one4 Capital, Navam Capital, Force Ventures, and other existing investors.

The company had earlier raised USD 14.1 million from 3one4 Capital and a group of other backers.

According to Unbox Robotics, the fresh capital will be used to strengthen its engineering team, speed up product development, and expand its presence in India as well as international markets.

Part of the secondary capital will also be used to offer liquidity to employees under the company's employee stock ownership plan.

Founded in 2019 by Pramod Ghadge and Shahid Memon, Unbox Robotics focuses on automating warehouse and fulfillment operations. The company develops modular and scalable robotic solutions aimed at improving efficiency and accuracy for enterprises operating in e-commerce, third-party logistics, and omnichannel supply chains.

Unbox Robotics offers AI-powered, software-driven vertical robotic parcel sortation systems designed for e-commerce and logistics operations. Its technology uses proprietary swarm intelligence to deliver space-efficient automation, requiring significantly less warehouse area while increasing productivity, especially during periods of high demand.

The company serves customers across India, Europe, and the United States. It has active deployments in countries such as Spain, Italy, the Netherlands, and Belgium, and is currently in the process of finalising a deal in Poland. In the US, Unbox Robotics is preparing for its first large-scale deployment with a third-party logistics provider. So far, the company has deployed around 500 robots in warehouses worldwide.

Unbox Robotics said that about 96 percent of its revenue in the last 12 months has come from Western markets, with India contributing the remaining share. The company follows both an upfront sales model and a Robot-as-a-Service model. It is also exploring opportunities in pharmaceutical manufacturing as a potential future growth area.

Other players operating in the robotics and automation space include CynLr, General Autonomy, Manav, and Ati Motors.