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Logistics-tech co StackBox raises $1.2 M from Ecosystem Ventures, others

Business Standard  

Bengaluru-based logistics-tech startup StackBox has raised USD 1.2 million (about INR 8.9 crore) in a funding round led by Ecosystem Ventures. The round also saw participation from LetsVenture and existing investors. The Sequoia Scout-backed startup had previously raised INR 5 crore. StackBox helps FMCG companies solve their B2B last-mile fulfilment problem and has mapped more than 2 million retailers. The company has enabled delivery planning automation using routing algorithms, AI-led optimisation using ground-level large data sets, pre-packaging infrastructure, and multi-brand last-mile micro fulfilment centres. With the fresh funding, the company plans to set up more fulfilment centres to service customers in different geographies and tech development.