Logistiex raises $250,000 in a bridge round led by PACE family office

E-commerce startup Logistiex has raised $250,000 in a bridge round led by PACE Family Office, with contributions from angel investors, including Siddhant Khemka.

The funds will be utilized to further enhance product development and expand the tech team.

“Our approach, influenced by the founding team's extensive experience in tech and e-commerce, promises innovative solutions like unified seller and fulfilment platforms, aimed at simplifying e-commerce backend in India,” said Sarvartha Kanchan, Founder & CEO of Logistiex.


Founded in 2023 by Sarvartha Kanchan and Vineet Agarwal, Logistiex is a comprehensive, unified solution for e-commerce in India, the first of its kind, designed to help sellers manage their e-commerce presence through a single sign-on using the Logistiex universal platform.

Despite currently being in the beta stage, the platform is live and generating revenue, demonstrating a strong product-market fit.

"Logistiex solutions offer brands the opportunity to establish and expand their businesses in record time and at a fraction of the usual cost,” said Sarvam Goel from PACE.

ALPS financial consultants, founded by ex-banker Sumit Goel, was the advisor for the transaction.