Robotics startup Unbox Robotics raises $7 million in Series A round of funding

• ByTejika Bajaj     |    December 23, 2021

Supply chain technology and robotics startup Unbox Robotics recently announced that it has raised  $7 million (about Rs 53 crore) in funding led by 3one4 Capital. The Series-A funding round also saw participation from Sixth Sense Ventures and Redstart Labs (Info Edge) and Unbox Robotics’ founders Pramod Ghadge, Shahid Memon and its CPO Rohit Pitale.

The round also witnessed participation from existing investors including US-based venture capital firm SOSV, Arali Ventures, WEH Ventures, BEENEXT, Karthik Bhat’s Force Ventures, Vijay Kedia (Kedia Securities), Aditya Singh (Stride Ventures) and Pavitar Singh (Sprinklr) as well as Rahul Chaudhary (Treebo Hotels), Nikhil Vora and Kathan Shah (Sixth Sense Ventures), and Veda VC.

The funds raised will be mainly used to expand the team across functions, fulfil the customer demand internationally, R&D and expand to new geographies, revealed the company reports.

Talking about the recent infusion of capital, the CEO and Co-founder of Unbox Robotics, Pramod Ghadge said, “We are obsessed with improving the ways packages are handled, distributed, and delivered to end customers. We believe that there’s a massive potential for building and deploying robotics tech to deliver more packages using smaller footprints at lower operational costs as we see more adoption of e-commerce and Q-commerce (quick commerce) across the globe.”

Unbox Robotics specialises in robotics-based fulfilment and distribution technology for small to large e-commerce, retail and logistics enterprises. Its high-speed robotics solutions are built to consolidate customers’ orders in fulfilment centres and to sort them as per final delivery locations in distribution centres or delivery hubs.

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