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Unbox Robotics raises $28 Mn led by ICICI Venture

EntrackrEntrackr · 9h ago
Unbox Robotics raises $28 Mn led by ICICI Venture
Medial

Unbox Robotics raises $28 Mn led by ICICI Venture Unbox Robotics, a supply chain robotics technology company, has raised $28 million in a funding round led by ICICI Venture. The round included participation from RedStart Labs, a subsidiary of Info Edge, F Prime, 3one4 Capital, Navam Capital, Force Ventures, and other existing investors. The funds will be used to expand its engineering team, accelerate product development, and enhance its market presence across India and international markets. A portion of the capital will also provide liquidity to employees through the company’s ESOP programme. Founded in 2019 by Pramod Ghadge and Shahid Memon, Unbox Robotics specializes in AI-powered, software-defined vertical robotic parcel sortation systems for ecommerce and logistics sectors. Their solutions employ proprietary Swarm Intelligence, offering space-efficient automation that requires 50 to 80 percent less area and enhances productivity threefold, ensuring cost-effective warehouse operations. Unbox Robotics serves clients in the ecommerce, retail, and logistics industries across India, Europe, and the US. The company has active deployments in countries including Spain, Italy, the Netherlands, and Belgium, and is finalizing a deal in Poland. In the US, it is preparing for its first large-scale deployment with a third-party logistics player. Nearly 96 percent of Unbox Robotics' revenue over the past year has been generated from Western markets, with India accounting for about 4 percent. The company offers both an upfront sales model and a Robot as a Service model, allowing clients to choose between purchasing robots outright or opting for a subscription-based service. In addition to its current focus, the startup is exploring the pharmaceutical manufacturing sector as a new growth avenue. Other notable players in the industry include CynLr, General Autonomy, Manav, and Ati Motors.

Quintrans raises $750K in pre-seed round led by Capital-A

EntrackrEntrackr · 1m ago
Quintrans raises $750K in pre-seed round led by Capital-A
Medial

Quintrans raises $750K in pre-seed round led by Capital-A Quintrans, a deep tech engineering startup developing India-built direct-drive linear motion systems for industrial automation, robotics, and equipment manufacturing, has raised $750K in a pre-seed funding round led by Capital-A along with participation from Sumeet Kabra of RR Global, SanchiConnect, AIC-Pinnacle, existing partner IIMA Ventures, and others. The proceeds will be used to establish an in-house manufacturing and advanced testing facility in Pune, accelerate R&D across electromagnetic actuation, and build the core engineering and operations team required for commercial rollout, Quintrans said in a press release. Co-founded in 2021 by Pranay Luniya, Kartik Kulkarni, Aniruddha Atigre, and Prasanna Kadambi, Quintrans is a deep tech engineering company developing direct-drive electromagnetic linear motion systems for industrial applications. Its technology enables frictionless, high-speed, and ultra-precise motion for robotics, warehouse automation, and manufacturing environments. As per market research, India manufactured and sold roughly 6.8 million actuators in FY 2022, a figure expected to cross 10–11 million units by FY 2026, driven by automotive, industrial automation, HVAC, and marine applications. According to the Pune-based startup, its design and manufacturing model unlocks cost efficiency, tailored deployments, and assured service. They take an engineering-first approach, developing the hardware and control electronics in-house so customers get a complete, integrated solution. Quintrans is part of MaXcel, the hardware and industrial technology accelerator run by Capital-A and SanchiConnect, supporting startups building engineering-led manufacturing solutions.

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