Logistiex collects PLN 250,000. dollars in a bridge round to accelerate product development and technical team development

Financing Alert

• ByStartup History | May 31, 2024

Logistiex, a new age e-commerce startup, has successfully raised $250,000 in a bridge round led by PACE Family Office with significant participation from notable angel investors including Siddhant Khemka. The company announced that the proceeds from this round will be used to further enhance product development and expand its technical team.

Founded in 2023 by Sarvartha Kanchan and Vineet Agarwal, Logistiex aims to streamline e-commerce management for sellers through the universal Logistiex platform. The platform, which is currently in beta, allows sellers to manage their e-commerce presence with a single sign-in and is already generating revenue.

In a press release, the founders shared their vision for the startup. “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.

Logistiex’s journey began with a successful seed round last July, which raised $425,000. Since then, the company has been constantly developing and introducing innovations. Logistiex recently introduced an MVP for their order fulfillment platform and has seen a significant increase in system usage, further validating their approach and solutions.

The infusion of new capital will enable Logistiex to continue its mission of providing seamless e-commerce management solutions, enabling sellers across India to thrive in a competitive marketplace.

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