13SQFT raises $1 mn in Pre-Series A led by Inflection Point Ventures
The funds will be utilized to expand the commercial and technical teams, bolster the platform's technology, and elevate its brand presence.
The B2B platform for warehousing, logistics and industrial sector 13SQFT.com has raised $1 million in a Pre-Series round led by Inflection Point Ventures.
The funds will be utilized to expand the commercial and technical teams, bolster the platform's technology, and elevate its brand presence, underscoring 13SQFT.com's commitment to shaping the future of these industries in India.
“13SQFT.com is India's first and largest B2B digital platform dedicated to warehousing, logistics, and cold chain sectors. Serving as a comprehensive solution hub, it caters to diverse needs including space, infrastructure, automation, and technology,” reads the release.
13Sqft is organizing an unorganized and fragmented base of building materials, equipment and fittings for warehousing, aggregating demand for specialized warehousing needs. It is also building tech-driven designs for optimal space planning and estimation of costs to set up warehouses.
With the platform launched in 2021 by Alok Bansal and Payal Chaudhary, founders bring deep domain expertise in the warehousing and logistics industry. Bansal is an industry veteran with an MBA from SPJIMR and executive education from IIM Ahmedabad in warehouse design, and Chaudhary, a skilled professional holding a Gold Medal in MSc (Biotech) and an M-Tech in supply Chain. With Bansal's leadership experience as the former CEO of notable companies like DTDC Supply Chain, Delhivery, Mercedes Benz, and Infosys, coupled with Chaudhary's prior experience in running an infra company along with academic excellence and passion for driving change, 13Sqft has quickly risen as a major player in India's warehousing, logistics, and cold chain sectors.
Ankur Mittal, co-founder, Inflection Point Ventures, says, “13sqft is an innovative B2B platform which 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 expenditure 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."
Alok Bansal, founder, 13sqft, says, “We're thrilled with the amazing response from the market and clients. 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.”