India, Nov. 5 -- Logistics-focussed SaaS startup Stackbox has raised $4 Mn (INR 35 Cr) in a funding round, which saw participation from Enrission India Capital.

The startup plans to utilise the fresh proceeds to strengthen its AI capabilities, shore up its product stack and expand footprint to new geographies and sectors.

". This funding round enables us to advance our AI-driven automation roadmap, strengthen our product innovation, and deepen our reach across sectors and geographies," said the startup's cofounders in a joint statement.

Founded in 2019 by ex-ITC executive Venktesh Kumar, Nitin Mamodia, Shanmukha Boora, and Sabyasachi Bhattacharjee, Stackbox offers an AI-powered warehouse management system that automates warehouse opera...