Modern e-commerce startup Logistiex raises $250K led by PACE Family Office, others

Modern ecommerce startup Logistiex has raised $250,000 in a bridge funding round led by PACE Family Office, with participation from notable angel investors, including Siddhant Khemka. 

The startup plans to use the raised capital to bolster product development initiatives and expand the tech team.

Prior to this round, It raised $425,000 in a pre-seed round in July last year.

What does Logistiex do?

Founded in 2023 by Sarvartha Kanchan and Vineet Agarwal, Logistiex offers a comprehensive solution for sellers to manage their e-commerce operations seamlessly through a unified platform known as the Logistiex Universal Platform. The platform is currently in the beta stage. 

Kanchan emphasized, “Our approach, notably influenced by the founding team and experience in tech and e-commerce, promises innovative solutions like unified seller and fulfilment platforms, aimed at simplifying e-commerce backend in India. We are here to make the sellers find their winning mojo on multi-channel e-commerce business model.”

Empowering businesses to unlock their full potential

Logistiex aims to empower businesses to unlock their full potential in the multi-channel e-commerce landscape.

By offering the Logistiex Universal Platform, the startup assists vendors in managing their online storefronts with just one login.

Recently, Logistiex launched the minimum viable product (MVP) for its fulfilment platform, which it claims to have received a significant uptick in system adoption.