In a bridge round headed by PACE Family Office, modern e-commerce startup Logistiex has raised $250,000 with contributions from prominent angel investors, including Siddhant Khemka.
According to a press release from Logistiex, the money will be utilized to grow the tech team and improve product development even more.
As of July of last year, the startup had raised $425K in its pre-seed round.
Using the Logistiex Universal Platform, Logistiex, founded in 2023 by Sarvartha Kanchan and Vineet Agarwal, assists sellers in managing their online presence with just one sign-on. The platform is now in the beta phase and making money, according to the company.
“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 a multi-channel e-commerce business model” said Sarvartha Kanchan.
With the launch of its MVP for its fulfillment platform, the startup has seen a noticeable increase in system adoption.
