Bengaluru-based deep-tech startup Make in Box (MIB) has successfully raised $260,000 in a pre-Series funding round led by Mile Deep Works and its affiliate, Mile Deep Capital. This investment aims to advance MIB's development of decentralized supply chains and mobile smart factory technologies, particularly their flagship product, "Mfreezer."
Key Details
- Funding Amount: $260,000
- Lead Investors: Mile Deep Works and Mile Deep Capital
- Primary Use of Funds:
- Enhance decentralized supply chain solutions
- Develop mobile smart factory technologies
- Advance the "Mfreezer" product
- Target Industries: Automotive, aerospace, defense, construction, fisheries, and agriculture
- Technological Focus: Integration of artificial intelligence (AI) with mobile smart factory systems
Founder's Background
Founded in 2020 by Ullas Esturi, Make in Box is dedicated to revolutionizing manufacturing and supply chain processes. Esturi's vision centers on leveraging AI and mobile smart factory technologies to create efficient, sustainable, and cost-effective solutions across various industries.
Funding Details
The $260,000 pre-Series funding round was spearheaded by Mile Deep Works and its affiliate, Mile Deep Capital. This infusion of capital is set to bolster MIB's efforts in refining their decentralized supply chain models and advancing mobile smart factory innovations, with a significant focus on the "Mfreezer" product. The "Mfreezer" employs cutting-edge technology to rapidly freeze produce at its source, thereby preserving food quality and optimizing supply chains within the frozen food sector.