13SQFT, a Gurugram-based B2B warehousing and logistics platform, has raised $1 million in a pre-Series A funding round led by Inflection Point Ventures. The round also saw participation from angel investors, such as Rajesh Sawhney, founder of MobiKwik, and Ashish Agarwal, founder of ShopClues.

The fresh capital will be used to expand the company’s team, enhance its technology platform, and to expand its operations to new cities.

13SQFT was founded in 2021 by Alok Bansal and Payal Chaudhary. The company provides a single platform for businesses to source warehousing and logistics solutions. 13SQFT has a network of over 100 warehouses across India and serves over 1,000 businesses.

The company’s platform helps businesses to find the right warehouse space, manage their inventory, and track their shipments. 13SQFT also offers a variety of value-added services, such as packaging and labelling, and last-mile delivery.

Inflection Point Ventures is a venture capital firm that invests in early-stage technology startups. The firm has invested in over 100 startups, including Unacademy, Groww, and Livspace.

The investment in 13SQFT is a vote of confidence in the company’s business model and growth potential. The company’s platform is well-positioned to benefit from the growing demand for warehousing and logistics solutions in India.

Here are some of the key takeaways from the news:

  • 13SQFT has raised $1 million in a pre-Series A funding round led by Inflection Point Ventures.
  • The round also saw participation from angel investors, such as Rajesh Sawhney and Ashish Agarwal.
  • The fresh capital will be used to expand the company’s team, enhance its technology platform, and to expand its operations to new cities.
  • 13SQFT was founded in 2021 by Alok Bansal and Payal Chaudhary.
  • The company provides a single platform for businesses to source warehousing and logistics solutions.
  • 13SQFT has a network of over 100 warehouses across India and serves over 1,000 businesses.
  • The company’s platform helps businesses to find the right warehouse space, manage their inventory, and track their shipments.
  • 13SQFT also offers a variety of value-added services, such as packaging and labelling, and last-mile delivery.
  • Inflection Point Ventures is a venture capital firm that invests in early-stage technology startups.
  • The investment in 13SQFT is a vote of confidence in the company’s business model and growth potential.
  • The company’s platform is well-positioned to benefit from the growing demand for warehousing and logistics solutions in India.

Here are some of the implications of the news:

  • The investment in 13SQFT is a sign of the growing investor interest in the warehousing and logistics sector in India.
  • The sector is expected to grow rapidly in the coming years, driven by the increasing demand for e-commerce and other businesses that require warehousing and logistics services.
  • The investment in 13SQFT is also a sign of the growing maturity of the Indian startup ecosystem.
  • The company’s platform is a valuable solution for businesses that are looking to outsource their warehousing and logistics needs.
  • The investment is likely to help 13SQFT to expand its operations and reach new customers