StackBox’s revenue grew by 27% to Rs 26 crore in FY24, up from Rs 20.5 crore in FY23. Its operating revenue streams includes logistics support service contributing 85% and sale of goods make the rest 15% of operating revenue.
Founded in 2021 and headquartered in Bengaluru, StackBox is a logistics-tech startup that leverages emerging technologies such as Blockchain, IoT, Machine Learning, and AI to help clients adopt new business models and drive scalable growth. The company aims to simplify complex business operations through software that is intuitive, full-featured, tightly integrated, and easy to upgrade ensuring smooth performance for businesses of all sizes.
StackBox’s expenses declined by 20% to Rs 20 crore in FY24, from Rs 25 crore in FY23. Employee benefit costs were the largest expense, accounting for 52.5% of total expenses in FY24, up from 50% in FY23. Depreciation expenses dropped to 1% of the total in FY24, down from 3% in FY23. Cost of materials contributed 15% of total expenses in FY24.
The company turned profitable in FY24, reporting a profit of Rs 6 crore, a significant improvement from a loss of Rs 4.5 crore in FY23. StackBox also saw a strong jump in operational efficiency, with its EBITDA margin improving from -17.51% in FY23 to 24.14% in FY24. Its ROCE (Return on Capital Employed) rose from -59.15% to 48.39% during the same period, indicating better capital utilization and profitability.
StackBox has raised a total of Rs 21.62 crore across three funding rounds, with the latest being a Pre-Series A round in September 2022. Key shareholders include co-founders Shanmukha Boora (21.63%) and Nitin Mamodia (11.37%), along with LetsVenture (1.51%) and Value Sales Inc (4.25%).