News on Medial

Logistiex raises $250K in bridge round

Entrackr · 5m

New-age e-commerce startup Logistiex has raised $250,000 in its bridge round led by PACE Family Office, with contributions from notable angel investors, including Siddhant Khemka. The proceeds will be used to further enhance product development and expand the tech team, Logistiex said in a press release. In July last year, the startup had raised $425K in its pre-seed round. Founded in 2023 by Sarvartha Kanchan and Vineet Agarwal, Logistiex helps sellers manage their e-commerce presence through a single sign-on using the Logistiex Universal Platform. As per the company, the platform currently is in the beta stage and is generating revenue. “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. The startup has recently launched the MVP for its fulfillment platform, experiencing a notable spike in system adoption.