Warehouse automation startup Unbox Robotics has raised US$28 million in a funding round led by ICICI Venture, with participation from RedStart Labs (InfoEdge), F-Prime, 3one4 Capital, Navam Capital, Force Ventures, and existing investors.

The round includes primary and secondary capital, with part of the secondary funding providing employee liquidity via ESOPs.

The funds will be used for product development, market expansion, and team growth in India and overseas.

Founded in 2019 and based in Pune, Unbox builds modular, AI-driven robots using swarm intelligence for warehouse sorting.

The company has deployed around 500 robots globally, mainly serving ecommerce, retail, and logistics clients.

Unbox operates through direct sales and robot-as-a-service models, driven by labor shortages in the West and supply-chain challenges in India.

🔗 Source: The Economic Times