Modern e-commerce company Logistiex has raised $250,000 in a bridge round led by PACE Family Office, with participation from prominent angel investors such as Siddhant Khemka.
According to a press release from Logistiex, the money will be utilised to grow the tech staff and improve product development even more.
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The firm had already raised $425K in its pre-seed round in July of last year, demonstrating a stable growth trajectory.
Sarvartha Kanchan, founder, said: “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”
By use of the Logistiex Universal Platform, Logistiex assists vendors in managing their online storefront with just one login. The platform, according to the company, is making money while it is still in beta testing.
After releasing the minimal viable product (MVP) for its fulfilment platform, Logistiex noticed a notable increase in system usage, indicating that the market was responding favourably to the solution.
About Logistiex
Founded in 2021 by Sarvartha Kanchan and Vineet Agarwal, Logistiex is a global SaaS platform For the new age of commerce that addresses customer experience.
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