E-commerce startup Logistiex secures $250,000 in a bridge financing round

New Delhi, June 1 (KNN) Logistiex, an e-commerce solutions startup founded in 2023, has raised $250,000 in a bridge financing round led by PACE Family Office, boosted by contributions from angel investors including Siddhant Khemka.

According to Sarvartha Kanchan, founder and CEO of Logistiex, the fresh capital injection will be used to strengthen product development efforts and expand the company’s technology team.

“Leveraging the founding team’s extensive experience in technology and e-commerce, our approach promises innovative solutions such as unified seller and fulfillment platforms to streamline e-commerce backend operations in India,” Kanchan said.

Logistiex, co-founded by Kanchan and Vineet Agarwal, offers a comprehensive, unified solution tailored to the Indian e-commerce landscape.

Designed as a first-of-its-kind platform, it enables sellers to manage their entire e-commerce presence through a single sign-on interface.

Although the platform is currently in beta, the platform is already operational and generating revenue, indicating good product-market fit, the company says.

“Logistiex solutions provide brands with the ability to quickly and cost-effectively set up and scale their businesses,” noted Sarvam Goel of lead investor PACE.

ALPS Financial Consultants, founded by former banker Sumit Goel, advised on the transaction.

(KNN Office)