IPV leads $1 Mn round in warehousing startup 13SQFT.com

13SQFT.com, a business-to-business platform for warehousing, logistics and industrial sector, has secured $1 million in a pre-Series A round led by Inflection Point Ventures.

The company plans to allocate the funds to expand the commercial and technical team, bolster the platform’s technology and elevate its brand presence, 13SQFT.com said in a press release.

Co-founded in 2021 by Alok Bansal and Payal Chaudhary, 13SQFT.com serves as a solution hub and provides diverse needs including space, infrastructure, automation and technology. Furthermore, the company has end-to-end solutions including searching for the right facility, developing right layouts, building external and internal infra and procurement including racking & storage, automation, EV vehicles and others.

According to 13SQFT.com, it is organising an unorganised and fragmented base of building materials, equipment and fittings for warehousing, aggregating demand for specialised warehousing needs.

The Gurugram-based company directly or indirectly competes with the other companies in this space like Stockarea, Warehousing Express, SK Logistics, JUSDA, Supreme Logistics Solutions and others.