Logistiex collects PLN 250,000. dollars in a bridge round

New-age e-commerce startup Logistiex has raised $250,000 in a bridge round led by PACE Family Office, with support from notable angel investors including Siddhant Khemka.

The proceeds will be used to further refine product development and expand its technical team, Logistiex said in a press release.

Last July, the startup raised PLN 425,000 in the pre-seed round. dollars.

Founded in 2023 by Sarvartha Kanchan and Vineet Agarwal, Logistiex helps sellers manage their e-commerce presence with single sign-on using the universal Logistiex platform. According to the company, the platform is currently in beta and generating revenue.

“Our approach, particularly influenced by our founding team and expertise in technology and e-commerce, promises innovative solutions such as unified seller and fulfillment platforms to simplify the e-commerce backend in India. We are here for sellers to find their winning mojo in the omnichannel e-commerce business model,” said Sarvartha Kanchan.

The startup recently launched an MVP for its order fulfillment platform and has seen a significant increase in system usage.