Logistiex Secures $250,000 in Bridge Round Funding to Bolster E-commerce Platform

Preeti Bali / 7:12 am / May 31, 2024

Logistiex, a rising e-commerce startup, has successfully secured $250,000 in a bridge round funding round. The round was led by PACE Family Office, with participation from prominent angel investors including Siddhant Khemka. This funding injection comes on the heels of a $425,000 pre-seed round raised by the company in July of last year.

Simplifying E-commerce for Sellers: The Logistiex Mission

Founded in 2023 by Sarvartha Kanchan and Vineet Agarwal, Logistiex is on a mission to streamline e-commerce operations for sellers in India. Their innovative solution centers around the Logistiex Universal Platform, which allows sellers to manage their entire e-commerce presence through a single sign-on. Notably, the platform is currently in its beta stage and has already begun generating revenue.

Building on Expertise: A Winning Approach

“Our approach is heavily influenced by the combined experience of our founding team in both technology and e-commerce,” explained Sarvartha Kanchan. “This allows us to develop groundbreaking solutions, such as our unified seller and fulfillment platforms. Ultimately, our goal is to simplify the back-end operations of e-commerce in India and empower sellers to thrive in the multi-channel business model.”

Momentum Builds with Fulfillment Platform Launch

Logistiex recently launched the minimum viable product (MVP) of their fulfillment platform, which has been met with a significant increase in system adoption. This positive response underscores the value proposition Logistiex offers to e-commerce sellers and positions the company for continued growth.


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