The JITO Incubation and Innovation Foundation (JIIF) and family offices are leading a growth funding round for storage solutions startup Store My Goods, which has raised Rs 4 crore, or roughly $460K. Prominent family offices are participating in the company’s ongoing efforts to close a $1 million round, which includes the most recent infusion.
According to a press release from Store My Goods, the money raised will be utilized to expand into new areas, improve its technological infrastructure, and bolster its leadership team.
Store My Goods, which was co-founded in December 2021 by Sudeep and Swati Gupta, provides businesses and individuals with tech-enabled, on-demand storage and warehousing services. It seeks to use a tech-driven, scalable strategy to meet a rapidly growing need in urban India.
The startup from Noida offers secure storage facilities, insurance coverage, packaging services, and personalized storage plans. It offers a variety of services, such as self-packaging and self-drop options, to both B2B and B2C clients.
The goal of Store My Goods is to address various storage issues for both business and consumer markets. Customers with limited space can use it as an extension of their homes for personal belongings and seasonal items, or it can be used for storage during home renovations or moves. It provides scalable warehousing options for companies, assisting startups and SMEs in managing inventory, marketing collateral, or old records without incurring long-term lease obligations.
In the five major Indian metropolises of Delhi NCR, Mumbai, Bangalore, Hyderabad, and Pune, the company says it currently operates and has sold more than 5,000 customers storage subscriptions for more than 50,000 months. Shark Tank India Season 1 also included it.
