We are discussing Logistiex Secured $250K In Its Bridge Round Led by Pace Family Office:
Logistiex is a new-age e-commerce startup that has secured $250k in a bridge round led by the PACE family office. Some other investors participated in this round, including angel investor Siddhant Khemka. The startup will use this fund to enhance its platform and product development and expand its technical team. The company previously raised $425k in its pre-seed fund round.
This startup, founded by Sarvartha Kanchan and Vineet Agarwal, helps its customers manage their e-commerce presence using the Logistiex Universal platform. The platform is generating revenue and is in a beta stage. The CEO of Logistiex highlighted that startups’ approaches are influenced by their founding team and experience in e-commerce and tech platforms. The startup aims to provide innovative solutions with a simplified e-commerce backend in India. The company follows a multi-channel e-commerce business model. The startup provides solutions in planning, 4PL, distribution, and AI.
Entrackr reported that the startup has recently launched the MVP for its platform, leading it to experience a total increase in system adoption. The startup offers an intelligent platform that claims to solve the customer experience problem in the new age of commerce. The platform leverages AI-driven genetic algorithms, 3PL network solutions, and a modular supply chain to optimize the process. Customers can access the tracking of trips to maximize vehicle utilization and optimize transit times. This startup plans to utilize this fund to scale its operations while enhancing its platform and technology.
The universal API helps developers connect to any e-commerce platform, logistic service provider, and marketplace through a simplified single API. The startup offers best-in-class fulfillment costs and customer NPS in e-commerce and the supply chain. This e-commerce platform utilizes technology to digitally manage retailers’ demand and provide them with solutions directly. The existing investor of Logistiex showed their confidence in the innovative solutions and potential of the startup. The e-commerce sector has been growing rapidly in the past few years. The startup utilizes technology to increase the productivity and efficiency of the platform.
Conclusion
New-age e-commerce startup Logistiex has secured $250k in a bridge round led by the PACE family office. They have raised $250k in funding to increase the technical team, product development, and platform. The startup raised this funding amount from its existing investors and angel investor, including Siddhant Khemka. The startup aims to help its customers manage their e-commerce presence using the Logistic Universal platform. The startup aims to provide innovative solutions with a simplified e-commerce backend in India.
The company follows a multi-channel e-commerce business model. The platform leverages AI-driven genetic algorithms, 3PL network solutions, and a modular supply chain to optimize the process. This e-commerce platform utilizes technology to digitally manage retailers’ demand and provide them with solutions directly. The company previously raised $425k in its pre-seed fund round. The platform helps developers connect to any e-commerce platform, logistic service provider, and marketplace through a simplified single API.
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