Unbox Robotics raises Series B funding round led by ICICI Venture
20 Jan 2026, 01:11 PMThe deal comprises a mix of primary and secondary capital.
Team Head&Tale
Share the story on
Supply chain robotics technology company Unbox Robotics Pvt Ltd has raised $28 million in its Series B funding round led by ICICI Venture.
The funding round also saw participation from RedStartLabs, a subsidiary of Info Edge, F Prime, 3one4 Capital, Navam Capital, Force Ventures, and other existing investors.
The Head and Tale had first reported late last year that Unbox Robotics was close to raising the Series B round.
The deal comprises a mix of primary and secondary capital.
The Pune-based startup will use the fresh capital to expand its engineering team, accelerate product development, and grow its market presence across India and overseas markets.
A portion of the secondary capital will also provide liquidity to employees through the company's ESOP programme.
Unbox Robotics, which was founded in 2019 by Pramod Ghadge and Shahid Memon, is engaged in robotics-based fulfilment and distribution technology for small to large e-commerce, retail and logistics enterprises. The company claims that its UnboxSort robots work with 99.9% sorting precision while tripling operator productivity.
Prior to this funding round, Unbox Robotics had raised around Rs 52 crore ($7 million) in its Series A funding round in December 2021.
The funding round was led by venture capital firm 3one4 Capital. Sixth Sense Ventures and Restart Labs participated in the funding round.
Unbox Robotics' founders, and other existing investors US-based venture capital firm SOSV, Arali Ventures, WEH Ventures, Beenext, and Karthik Bhat's Force Ventures, among other had also pooled in capital.
Earlier in 2020, the startup had raised around Rs 3.5 crore in seed funding from Arali Ventures and CIIE.CO, the technology incubator of the Indian Institute of Management - Ahmedabad.
While India still trails China and the US in the robotics space, venture capital and private equity investor as well as founders say that the country's industry is poised to accelerate.
Their optimism stems from proof-of-concept projects emerging role models, a relatively supportive policy environment, an expanding foreign and domestic market, falling input costs and the rise of AI. The Head and Tale recently did a deep dive on the industry. (Click hear to read)
The renewed investor interest has been reflecting in some relatively big-sized ticket deals witnessed in 2025.
In January last year, Ati Motors raised $20 million in its Series B funding round led by Walden Catalyst Ventures and NGP Capital.
YourNest-backed Miko raised $10.5 million (around Rs 93.5 crore) led by iHeartMedia, an American audio media company.
Interestingly in 2022, the industry also witnessed a strategic deal when Reliance Retail Ventures, the retail unit of Reliace Industries, picked a majority stake in Addverb for $132 million.
Other venture capital backed robotics startups in India include GreyOrange, CynLr and Peppermint Robotics.
More of early and growth stage deals in the space are expected to happen in the coming months.
Chandrasekar Kandasamy, managing partner at mid-market private equity firm Stakeboat Capital, which has invested in DiFacto, had told The Head and Tale that India is on the cusp of robotics and automation boom, largely driven by its extremely low density. "(India has) just 7 robots for every 10,000 manufacturing employees, compared to global average of 162."
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
Related News