Unbox Robotics, a robotech startup, has acquired $7 million in a Series-A fundraising round led by 3one4 Capital and followed by Sixth Sense Ventures and Redstart Labs.
The round was also attended by the company’s founders Pramod Ghadge and Shahid Memon, as well as previous investors SOSV, Arali Ventures, WEH Ventures, BEENEXT, Force Ventures, Dr Vijay Kedia, Aditya Singh Pavitar Singh, and a few more.
The money will be used to expand the staff across departments, meet worldwide client demand, conduct R&D, and expand into new geographies.
Unbox Robotics, which was founded in 2019, provides robotics-based fulfilment and distribution solutions to small to big e-commerce, retail, and logistics companies.
According to the Pune-based company, their product can scan, sort, and dispatch packages in less than 50-70 percent physical space, while increasing personnel productivity by more than three times and lowering operational costs of package sorting by more than 60 percent.
