Exclusive: Stackbox to kick off Series A round at over $40 Mn valuation

Bengaluru-based logistics tech startup Stackbox is set to raise Rs 23.18 crore (around $2.63 million) from Enrission India Capital and White Whale Ventures in its Series A round.

The Stackbox’s board is set to approve the allotment of 1,005 Series A compulsory convertible preference shares at an issue price of Rs 2,30,713 apiece to raise the aforementioned sum, as per its regulatory filing from the Registrar of Companies (RoC).

The company has already received Rs 13.2 crore from Enrission India Capital, while funds from White Whale Ventures are expected shortly.

According to Entrackr’s estimates, Stackbox’s to be increased by over 30% to Rs 375 crore or $42.6 million, post-money.

Founded in 2019, StackBox provides cloud-based, enterprise-grade SaaS solutions to automate and optimize supply chain and distribution operations across sectors such as FMCG, retail, and e-commerce. Its core offerings include an integrated suite of products: Warehouse Management System (WMS), Transport Management System (TMS), Order Management System (OMS), and Route-to-Market (RTM) solutions.

According to startup data intelligence platform TheKredible, StackBox has raised over $2 million, including a $1.2 million seed round led by Ecosystem Ventures in August 2021.

For the fiscal year ended March 2024, the Bengaluru-based company posted a profit of Rs 6 crore on operating revenue of Rs 25.7 crore. Its FY25 numbers are yet to be disclosed.