IPV led $1 M Pre-series A funding secured by warehousing startup 13SQFT.com
Pre-Series A funding of $1 million has been secured by 13SQFT.com, a business-to-business platform for the warehousing, logistics, and industrial sectors, led by Inflection Point Ventures.
According to a press release from 13SQFT.com, the company intends to use the funds to boost the platform’s technology, grow the commercial and technical team, and strengthen its brand presence.
Alok Bansal and Payal Chaudhary jointly founded 13SQFT.com in 2021 to address a variety of needs, including those related to space, infrastructure, automation, and technology. Additionally, the company offers end-to-end solutions, including facility selection, layout development, construction of internal and external infrastructure, and procurement of items like racking and storage, automation, electric vehicles, and others.
According to 13SQFT.com, it is assembling the demand for specialized warehousing needs from a dispersed and disorganized base of building materials, equipment, and fittings.
Stockarea, Warehousing Express, SK Logistics, JUSDA, Supreme Logistics Solutions, and other businesses are in direct or indirect competition with the Gurugram-based company in this market.
