Logistics Tech Startup Stackbox Secures 4 Million in Funding

Logistics tech startup Stackbox has successfully secured 4 million in a new funding round. The investment, led by Enrission India Capital, will significantly assist Stackbox in enhancing its product innovation while expanding its operations in Southeast Asia and solidifying its presence in India.

Details of the Funding Round

The startup was exclusively reported by Superb last month. Stackbox, headquartered in Mumbai, was established by IIT alumni Sabyasachi, Shanmukha, Venktesh, and Nitin. The company harnesses cutting-edge technology, featuring AI-powered Warehouse Management and Transportation Management Systems, to optimise operations in sectors including FMCG, manufacturing, and e-commerce.

Expertise and Clientele

Backed by a skilled team with extensive experience in supply chain management and enterprise software, Stackbox has garnered a client base that includes top FMCG and manufacturing firms aiming for increased efficiency and scalability. The founders of Stackbox expressed that the new funding will empower them to develop the digital framework of future logistics, enhancing intelligent processes from the warehouse all the way to last-mile delivery.

Market Trends and Financial Performance

The growing complexity of global logistics, accelerated by the e-commerce boom, has placed more focus on advanced solutions. According to various sources from a startup data intelligence platform, Stackbox has raised a total of over 2 million, including a 1.2 million seed round led by Ecosystem Ventures in August 2021. For the fiscal year that ended in March 2024, the Bengaluru-based firm reported a profit of Rs 6 crore with an operating revenue of Rs 25.7 crore. Financial projections for FY25 are yet to be revealed.