Logistiex Raises $250K in Bridge Round to Boost Product Development and Tech Team Expansion

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

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

In a press release, the founders shared their vision for the startup. “Our approach, notably influenced by the founding team and experience in tech and e-commerce, promises innovative solutions like unified seller and fulfillment platforms, aimed at simplifying e-commerce backend in India. We are here to make the sellers find their winning mojo on multi-channel ecommerce business model,” said Sarvartha Kanchan.

Logistiex’s journey began with a successful pre-seed round in July last year, where they raised $425,000. Since then, the company has continued to innovate and grow. Recently, Logistiex launched the MVP for its fulfillment platform, which has seen a notable spike in system adoption, 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, empowering sellers across India to thrive in a competitive market.