Logistiex is a new-age e-commerce startup that has secured a funding of $250k in bridge round led by  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, product development and expand its  technical team. The company previously raised $425k in its pre seed fund round. 

Founded by Sarvartha Kanchan and Vineet Agarwal, this startup helps its customers to 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 the approach of startup is influenced by their  founding team and experience in e-commerce and tech platform. The startup aims to provide  innovative solutions with simplified e-commerce backend in India. The company follows multi-channel  ecommerce business model. The startup provides solutions in planning, 4PL, distribution and AI.  

Image source: logistiex.com 

Entrackr reported that the startup has recently launched the MVP for its platform, leading them to  experience a notal increase in system adoption. The startup coffers an intellengent platform that claims  to solve customer experience for the new age of commerce. The platform levarages the AI-driven  genetic algorithms, 3PL network solution and a modular supply chain to optimize the process. The  customers can have access to tracking of trips to maximise vehicle utilization and optimize transit  times. This startup is planning to utilize this fund to scale up its operations while enhancing its platform  and technology. 

The universal API helps developer to connect to any e-commerce platform, logistic service provider,  and marketplace through a simplified single API. The startup claims to offer best-in-class fulfilment  cost and customer NPS, in e-commerce and 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 is growing rapidly from 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 bridge round led by PACE family office.  They have raised $250k in funding to increase technical team, product development and platform. The  startup raised this funding amount from its existing investors and angel investor inclludinf Siddhant  Khemka. The startup is aiming to helps its customers to manage their e-commerce presence using the  Logistiex Universal platform. The startup aims to provide innovative solutions with simplified e commerce backend in India. The company follows multi-channel ecommerce business model. The  platform levarages the AI-driven genetic algorithms, 3PL network solution 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 developer to connect to any e-commerce platform, logistic service provider, and marketplace through a simplified single API.