Unbox Robotics funding
Bengaluru-based logistics automation startup, Unbox Robotics, has raised $1.2 million as a part of its pre-Series A funding round from BEENEXT, Karthik Bhat, Info Edge (India) Ltd-backed Redstart Labs (India) Ltd, and WEH Ventures.
The round also saw participation from existing investors Arali Ventures, SOSV, and HAX, and Entrepreneur First along with angel investors. This investment will essentially be utilized for scaling early client pilots, team extension, and product developments.
Commenting on the investment, Pramod Ghadge, CEO, Unbox Robotics said, “With a massive surge in e-commerce, in the next three to five years, the logistics industry needs to handle about 2X the load they process today. Having seen these problems first hand, we decided to build a plug-and-play swarm robotics system that can improve the package sorting productivity while saving the area by 50-70 percent compared to existing sorting systems.”
“Currently, we are closely working with six e-commerce and logistics enterprises in India, Southeast Asia, and the US to deploy our solution in the next 12 months, and earn seven-figure revenue figures,” he added.
With retail and logistics companies looking to go the contactless route driven by the pandemic, the approach to warehouse management has seen a notable shift in the last year. Unbox stated it intends to tackle the difficult challenges faced by retail and logistics players sustainably when it comes to warehouse management. Unbox Robotics is created using a proprietary plug-and-play swarm robotics system that automates and enhances package sorting as well as the order consolidation process while utilizing optimum floor space and capital.
Speaking about the development, Duncan Turner, Managing Director, HAX, General Partner, SOSV said, “Globally, e-commerce has seen rapid growth, but the logistics infrastructure empowering better customer experience has struggled to keep up. Unbox enables quick deployment, high throughput, and inherent flexibility for the rapidly evolving logistics market.”
Unbox systems claims to reduce the deployment to under a week as compared to other solutions that can take up to four months or more. The product’s USP lies in its ability to decrease warehouse area by 50-70 percent, improving personnel productivity by 3x, and reducing capex by 40 percent.
Unbox has an amazing growth trajectory that will be enhanced further with the infusion of fresh capital.Shishir Gupta, Founder and CEO, StartupLanes
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