Logistiex, a new-age e-commerce startup, has successfully secured $250,000 in its bridge round, with PACE Family Office leading the investment. Notable angel investors, including Siddhant Khemka, also participated in the funding round.
The funds raised will be utilized to bolster product development initiatives and expand the tech team, as announced by Logistiex in a recent press release.
Previously, in July last year, the startup had secured $425K in its pre-seed round, indicating a steady growth trajectory.
Established in 2023 by Sarvartha Kanchan and Vineet Agarwal, Logistiex offers a comprehensive solution for sellers to manage their e-commerce operations seamlessly through a unified platform, known as the Logistiex Universal Platform. Currently in the beta stage, the platform is already generating revenue for the company.
Sarvartha Kanchan, co-founder of Logistiex, emphasized the company’s commitment to providing innovative solutions tailored to simplify the e-commerce backend in India. With a focus on enabling sellers to thrive in the multi-channel e-commerce landscape, Logistiex aims to empower businesses to unlock their full potential.
Recently, the startup launched the minimum viable product (MVP) for its fulfillment platform, witnessing a significant uptick in system adoption, signaling positive market reception.
The latest funding round underscores investor confidence in Logistiex’s vision and strategic direction, propelling the company toward its goal of becoming a leader in the e-commerce ecosystem.
