Mumbai-based logistics technology startup Stackbox has raised $4 million in a funding round led by Enrission India Capital. The new funding will support the startup in enhancing its AI-powered solutions, expanding its product offerings, and growing operations across India and Southeast Asia.
Making Warehouses Smarter
Stackbox, founded by IIT alumni Sabyasachi Bhattacharjee, Shanmukha Boora, Venktesh Kumar, and Nitin Mamodia, focuses on modernizing logistics with artificial intelligence. Its Warehouse Management System (WMS) and Transportation Management System (TMS) help businesses optimize inventory, manage shipments, and improve delivery efficiency.
By providing real-time operational visibility, Stackbox enables companies in FMCG, manufacturing, and e-commerce to streamline workflows and reduce delays in their supply chains.
Funding to Accelerate Growth
The $4 million equity injection will provide Stackbox with the means to upgrade its AI technology, broaden platform features, and launch the company in fresh markets like Southeast Asia. Besides that, this investment helps to keep the young company competitive in the field of big enterprise clients while still going forward with the innovation in logistics automation.
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Steady Financial Progress
Stackbox has demonstrated consistent growth. For the fiscal year ending March 2024, the startup reported operating revenue of ₹25.7 crore and a profit of ₹6 crore. Previously, the company had raised around $2 million, including a $1.2 million seed round in 2021, which helped establish its initial product and market presence.
AI at the Heart of Logistics
While supply chains become more complicated with the help of e-commerce and fast delivery requirements, Stackbox’s AI-powered systems still offer essential solutions. Its platform is designed to cope with issues like the inefficiencies of inventory, shipment delays, and lack of operational transparency. Through the merger of warehouse and transportation management, Stackbox empowers companies to utilize data for decision-making and to elevate their operational efficiency.
Expanding the Logistics Ecosystem
Stackbox’s bold vision is to build a seamlessly connected, data-driven logistics ecosystem that would cover warehouses, transport networks, and last-mile delivery. The fresh investment makes Stackbox highly ready to broaden its reach in India and Southeast Asia, keep upgrading the technology, and grow the business in a very efficient way.
As businesses seek smarter, more efficient supply chains, Stackbox is emerging as a key innovator in AI-powered logistics, helping companies reduce complexity and enhance productivity.
