Yantra Packs raises ₹12 crore to expand India’s shared returnable packaging network

Yantraksh Logistics, operating as Yantra Packs, has raised ₹12 Crore in a funding round led by Caret Capital. The round builds on the company’s earlier institutional backing from Impact Infracap and marks the next phase of Yantra Packs’ expansion. 

The company will use the proceeds to expand its reusable packaging pool across India’s manufacturing corridor, grow its operations and engineering teams, and deepen Trakkia its proprietary network intelligence platform for managing packaging assets at scale.

Why this matters

Indian manufacturers collectively spend significant capital buying, storing, and disposing of packaging that serves a single purpose: moving a part from one plant to another. This is not a niche inefficiency. It is a structural cost embedded in every tier of the supply chain — from the largest OEM to the smallest component supplier. The result is unnecessary procurement costs, capital tied up in packaging inventory, and avoidable operational waste.

In more mature manufacturing economies, this problem was solved decades ago through shared returnable packaging pools: a third-party operator owns and manages a network of reusable assets, manufacturers pay for access rather than ownership, and the same physical assets circulate continuously across the supply chain. The model is capital-efficient for manufacturers, operationally superior, and structurally circular. India built world-class manufacturing capacity before it built shared returnable packaging infrastructure. Yantra Packs exists to close that gap.

The problem

India’s logistics sector carries costs equivalent to 14% of GDP — nearly double the 8% benchmark of Germany, the United States, and Japan. One underappreciated contributor is the absence of shared physical infrastructure for reusable packaging. Single-use corrugated packaging dominates because no managed alternative has existed at scale. The working capital, warehouse space, and procurement overhead this creates represent a recurring, largely invisible drag on supply chain economics.

The automotive sector illustrates the scale. India’s automotive supply chain spend stood at USD 30 billion in FY2025 and is projected to reach USD 44 billion by FY2030 — a 7.8% compound annual growth rate, according to a 2025 Frost & Sullivan analysis. The packaging flows that move components across this supply chain are almost entirely single-use today.

Why now

Three forces are converging. First, India’s manufacturing base is expanding — PLI-linked investment, the China+1 supply chain diversification, and deepening commitments from global automotive OEMs are adding volume and complexity to Indian supply chains at a pace that makes ad hoc packaging management increasingly untenable. 

Second, manufacturers are under sustained pressure to reduce costs, free working capital, and improve asset utilisation — and packaging is an area where the economics of shared access are now clearly superior to ownership.

Third, the technology required to coordinate a shared packaging network at industrial scale, tracking asset movements across dozens of plants, reconciling utilisation across hundreds of supply chain legs, and generating operational intelligence in near real time — is now mature enough to build on. Yantra Packs has built it.

The category

Yantra Packs operates as a packaging infrastructure company — not a packaging supplier, not a logistics provider. The distinction matters. A packaging supplier sells boxes. A logistics provider moves them. Yantra Packs owns, manages, and continuously redeploys a network of reusable packaging assets across manufacturing supply chains, providing manufacturers with ongoing access to packaging capacity without the capital, operational, or disposal burden of ownership. The business model is closer to infrastructure-as-a-service than to traditional packaging or logistics.

Although the company’s initial focus has been automotive manufacturing, the underlying model is equally applicable to industrial manufacturing, engineering, consumer products, retail, and othercsectors where reusable packaging can replace disposable alternatives — a considerably wider opportunity than automotive alone.

Manufacturers — OEMs, Tier-1 automotive suppliers, and industrial customers — subscribe to Yantra Packs’ packaging pool rather than procuring their own assets. Yantra Packs owns the physical packaging, manages its movement between emitter and receiver plants, monitors asset condition through Trakkia, and ensures assets are always available where they are needed. Customers include TATA Group, Lumax, Denso, Brembo, Delphi TVS, and Flipkart.

The primary focus is India’s automotive sector — among the most operationally demanding environments for reusable packaging, where just-in-time delivery schedules leave zero margin for asset unavailability. Today the company supports leading manufacturers across North, West, and South India through a growing reusable packaging network coordinated by Trakkia, and is expanding its geographic and sector footprint with this round.

Trakkia

Operating a shared packaging network at industrial scale is a technology orchestration challenge. Assets move continuously across dozens of plants, suppliers, and logistics intermediaries — each leg generating data, each delay creating downstream consequences.

Coordinating this in real time, at the level of granularity that manufacturing supply chains demand, requires purpose-built enterprise technology.

Trakkia is Yantra Packs’ proprietary network intelligence platform — providing asset lifecycle management, utilisation monitoring, turnaround analysis, inventory intelligence, and networklevel visibility across every movement in the system.

The platform enables Yantra Packs to identify where every asset is at any point in its lifecycle, detect utilization patterns and recovery delays before they affect supply chain operations, generate billing and reconciliation data from movement records rather than manual reporting, and give customers operational visibility into the packaging that moves their parts — without requiring them to manage it themselves.

Because every asset movement enriches the operational dataset, Trakkia becomes increasingly effective at planning asset deployment, identifying bottlenecks, and improving utilization as the network scales. Trakkia runs on Google Cloud, and through the Google for Startups Cloud Program, the company is extending the platform with intelligent workflow automation and Aiassisted decision support.

“Every conversation with an OEM or Tier-1 supplier now starts from the same premise: packaging should be capacity you access, not capital you own. Our customers are asking us to go deeper into their networks and wider across India’s manufacturing clusters. This round lets us do both — put more assets into circulation, build out national operations, and scale Trakkia so the network grows as fast as the supply chains it serves,” says Karan Saharan, co-founder, Yantra Packs.

“Manufacturers stopped owning the trucks that move their parts decades ago, and the servers that run their systems a decade ago. Packaging is the last piece of supply chain infrastructure they still buy, store, and throw away. India built world-class manufacturing before it built shared returnable packaging infrastructure. We are building that missing layer — a shared physical network, coordinated by enterprise technology, that manufacturers access rather than own,” says Vipin Battu, co-founder.

The ₹12 crore investment will be allocated across three areas:

Physical network expansion — increasing the asset pool to support growing customer demand and geographic expansion into new manufacturing clusters across India.

Team growth — hiring across operations leadership and engineering, with a particular focus on national operations coordination and Trakkia development.

Platform development — extending Trakkia’s capabilities in asset lifecycle management, customer reporting, and intelligent network planning.

As India’s manufacturing economy enters its next phase of growth, Yantra Packs aims to become the shared returnable packaging infrastructure that enables goods to move more efficiently across the country’s industrial supply chains.

Yantra Packs provides shared reusable packaging infrastructure to manufacturers across India. Founded by Vipin Battu and Karan Saharan, the company operates a managed pool of reusable packaging assets, underpinned by Trakkia — a proprietary network intelligence platform for asset lifecycle management and network coordination. Yantra Packs serves automotive OEMs, Tier-1 suppliers, and industrial customers across North, West, and South India.