Unbox Robotics has raised $28 million, while Whizzo has secured $15 million led by Fundamentum.
Warehouse automation startup Unbox Robotics raises $28m
Unbox Robotics, a supply-chain robotics technology company, has amassed as much as $28 million (Rs 243 crore) led by ICICI Venture and Redstart Labs (Infoedge), per an announcement.
The round also saw co-investments from F-Prime, 3one4 Capital, Navam Capital, Force Ventures, and other existing investors.
This marks the Series B round for the startup, which was established in 2019.
The funds, a mix of primary and secondary capital, will be used to hire more leaders and engineers, build new products faster, and expand operations in India and a few overseas markets, the company said.
Headquartered in Pune, Unbox builds robots for warehouses that help sort and move goods, allowing firms to automate order processing without investing heavily in fixed infrastructure.
Fundamentum backs materials science startup Whizzo
Whizzo, an IP-based science-first manufacturing company building advanced engineered and technical textiles for global markets, has raised $15 million in a Series A round led by Fundamentum.
The round also saw participation from Korea-based LB Investment, a deeptech-focused global investor, making its first direct investment in India; and existing investors Lightspeed and BEENEXT, the company said in a statement.
The fresh capital will enable Whizzo to enter the next phase of materials science innovation, with investment in fundamental research and the development of in-house IP.
The company will also strengthen its supply-chain and R&D capabilities across India, Vietnam, China, Bangladesh, and Indonesia as well as expand its science and engineering team with researchers specialising in non-woven technologies and composites.
