Logistics Automation Startup Unbox Robotics Bags Funding From BEENEXT, Others

Logistics Automation Startup Unbox Robotics Bags Funding From BEENEXT, Others

SUMMARY

Redstart Labs, WEH Ventures and Arali Ventures have participated in the pre-Series A round

Unbox Robotics offers “software-defined” robotics solutions that help logistics players sort and ship orders

Its claims that the tech can reduce increase personnel productivity by 3x, and reduce capital expenditure by 40%

Logistics automation startup Unbox Robotics has raised $1.2 Mn in a pre-Series A round from BEENEXT for team expansion, product improvements and scaling up early client pilots. Ubiquity Capital’s Karthik Bhat through his AngelList India syndicate, Info Edge-backed Redstart Labs (India), WEH Ventures and few marquee angel investors also participated in this round, along with existing investors Arali Ventures, SOSV and HAX, and Entrepreneur First.

Prior to this, the robotics company, which was a part of Flipkart’s startup accelerator programme Flipkart Leap, had raised $550K of seed funding in April 2020.

Founded by Pramod Ghadge and Shahid Memon in 2019, Unbox Robotics offers “software-defined” robotics and automation solutions that help logistics businesses improve package sorting as well as order consolidation processes. Besides this, it also helps companies optimise their floor space and capital utilisation in warehousing operations.

The company claims that its technology can reduce warehouse area by up to 70%, increase personnel productivity by 3x, and reduce capital expenditure by 40%. The company is currently in talks with six ecommerce and logistics enterprises in India, Southeast Asia, and the US to deploy its solution in the next 12 months and earn a seven-figure revenue, CEO Ghadge added.

“The Unbox team is striving to make automation easily available and accessible” using tech and big data. Their package sorting and order consolidation solution is bringing in multifold efficiencies for the logistic sector and next-gen companies across the globe. By reducing the warehouse area significantly, and enhancing efficiency in a short period, the company is paving the way to sustainable robotics,” Hero Choudhary, managing partner of BEENEXT, said.

Further, Duxan Turner, MD of HAX and general partner at SOSV, added that ecommerce has been growing rapidly across the globe, but the logistics infrastructure empowering better customer experience has struggled to keep up. Unbox Robotics’ CEO Ghadge reiterated that the logistics industry needs to handle about 2X the load they process today and online retailers need 3X more warehousing space than brick-and-mortar players.

“In such a situation, the industry needs flexible, compact, and on-demand sorting systems. However, existing sorting systems are difficult to scale up or down, require huge area, money & installation time. Having seen these problems first hand, we decided to build a plug & play swarm robotics system that can improve the package sorting productivity while saving the area by 50-70% compared to existing sorting systems,” Ghadge added.

Some of the other companies in the logistics tech segment are Freightwalla, which Indian shipping freight forwarder; Locus, which  bring predictive analytics to the logistics industry to ensure smoother supply chain; LogiNext, which runs on AI-based algorithms to predict location-based decisions and automates the delivery processes.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Logistics Automation Startup Unbox Robotics Bags Funding From BEENEXT, Others-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Logistics Automation Startup Unbox Robotics Bags Funding From BEENEXT, Others-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Logistics Automation Startup Unbox Robotics Bags Funding From BEENEXT, Others-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Logistics Automation Startup Unbox Robotics Bags Funding From BEENEXT, Others-Inc42 Media
Logistics Automation Startup Unbox Robotics Bags Funding From BEENEXT, Others-Inc42 Media
You’re in Good company