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13SQFT.com Founders Alok Bansal and Payal Chaudhary
B2B platform for the warehousing, logistics, and industrial sector, 13SQFT.com, has raised $1 million in a pre-Series A funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm.
The startup said the infused capital will be channelled towards expanding the commercial and technical teams, enhancing the platform's technology, and amplifying its brand presence.
Launched in 2021 by Alok Bansal and Payal Chaudhary, 13SQFT.com is an online B2B digital platform catering to the warehousing, logistics, and cold chain sectors. The platform serves as a comprehensive hub, addressing a myriad of requirements ranging from space and infrastructure to automation and technology.
Alok Bansal, an MBA from SPJIMR with executive education from IIM Ahmedabad in Warehouse Design, has previously held leadership roles at renowned companies like DTDC Supply Chain, Delhivery, Mercedes Benz, and Infosys. On the other hand, Payal Chaudhary, an MSc (Biotech) gold medalist and an M-Tech in Supply Chain, has previously managed an infra company.
"We've worked hard to understand and fix industry challenges. Now, we're the go-to for companies needing land, warehouses, and facility setups in logistics, retail, and more. Our platform is buzzing with companies listing their spaces and products, attracting buyers and investors. We're excited to partner with the government, supporting national growth by creating the right facilities. Our goal is to help small businesses, startups, and Make-in-India companies succeed on our platform," said Alok Bansal.
Ankur Mittal, Co-Founder of Inflection Point Ventures, said, “13sqft is an innovative B2B platform that will streamline operations and provide end-to-end solutions for the logistics industry. This B2B digital platform ensures faster turnaround time and helps clients to validate expenditures and select the best solution for optimal results. We are excited to support 13Sqft's journey as they reshape the future of warehousing and logistics, offering a tech-driven solution that addresses the industry's challenges and transforms them into opportunities for success."
13Sqft claims to be the first platform focused on warehouses, logistics, cold chain, and manufacturing, giving end-to-end solutions on space leasing, design and build Infrastructure + procurement services.
The demand for both general and specialized warehousing infrastructure in India is witnessing robust growth, with a CAGR of 19%. Concurrently, the B2B e-commerce sector is set to soar from $20 billion in CY22 to an astounding $125 billion in CY27, marking a CAGR of 44%.
Inflection Point Ventures (IPV) is a renowned angel investing platform boasting over 8600 CXOs, HNIs, and professionals. Recently, The firm announced the launch of a $50 million CAT 2 AIF Physis Capital, aiming to invest in pre-Series A to Series B growth-stage startups.
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