Unbox Robotics raises $28M Series B to fuel global expansion & product innovation

Unbox Robotics, a Pune-based deeptech startup, secured $28M in Series B funding led by ICICI Ventures and Redstart Labs. The funds will drive expansion in India and abroad, enhance leadership, and develop new products. Founded by Pramod Ghadge in 2019, Unbox Robotics specializes in warehouse automation for e-commerce, retail, and logistics, serving clients like Myntra and Inditex. Their flagship product, UnboxSort, uses AI-driven robots for parcel sorting. Reporting 5x revenue growth and profitability, Unbox competes with CynLr and Sastra Robotics. India saw a 59% rise in robot installations in 2023.