13SQFT Secures $1M in Pre-Series A Funding, Led by Inflection Point Ventures
- ByStartupStory | August 24, 2023
B2B platform 13SQFT, catering to the warehousing, logistics, and industrial sectors, has successfully raised $1 million in a pre-Series A funding round led by Inflection Point Ventures. The capital infusion will facilitate the expansion of both commercial and technical teams, enhance the platform’s technological infrastructure, and amplify its brand visibility.
13SQFT’s primary focus lies in addressing the unorganized and fragmented landscape of building materials, equipment, and fixtures for warehousing. The platform serves as a hub for aggregating demand in specialized warehousing requirements. Additionally, it is in the process of developing technology-driven designs for efficient space planning and accurate cost estimation for warehouse establishment.
Alok Bansal, the Founder of 13SQFT, expressed enthusiasm about collaborating with the government to contribute to the nation’s growth by establishing appropriate facilities. He articulated the platform’s dedication to empowering small businesses, startups, and Make-in-India enterprises to thrive within their ecosystem.
Ankur Mittal, Co-founder of Inflection Point Ventures, lauded 13SQFT as an innovative B2B platform poised to streamline operations and offer comprehensive solutions to the logistics industry. This collaboration is set to drive efficiency and progress within the sector.
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