13SQFT.com Led by Alok Bansal and Payal Chaudhary Raises $1 Million in Pre-Series A Round

13SQFT.com, a B2B platform for the warehousing, logistics, and industrial sectors, has secured $1 million in a Pre-Series Round led by Inflection Point Ventures.

The company said the funds will be directed towards expanding the commercial and technical teams, enhancing the platform's technology, and elevating its brand presence, reflecting the company's commitment to transforming the warehousing industry in India.

Launched in 2021 by industry veterans Alok Bansal and Payal Chaudhary, 13SQFT.com offers an all-in-one digital platform for the warehousing, logistics, and cold chain sectors.

The platform focuses on organising an unorganised and fragmented base of building materials, equipment, and fittings for warehousing, and introduces tech-driven designs for optimal space planning and cost estimation.

Alok Bansal, a seasoned professional in the warehousing and logistics sector, holds an MBA from SPJIMR and has completed executive education from IIM Ahmedabad, specializing in Warehouse Design. On the other hand, Payal Chaudhary is a highly skilled expert, boasting a Gold Medal in MSc (Biotech) and an M-Tech in Supply Chain.

With Alok’s extensive leadership experience as the former CEO of notable companies like DTDC Supply Chain, Delhivery, Mercedes Benz, and Infosys, coupled with Payal’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.


Commenting on the funding, Ankur Mittal, Co-Founder, Inflection Point Ventures, emphasised the transformative impact of 13SQFT.com, stating, “13sqft is an innovative B2B platform which will streamline operations and provide end-to-end solutions for the logistics industry.

“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, the Founder of 13sqft, expressed his enthusiasm about the partnership and shared the company's goals: “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." Alok further discussed the company's focus on supporting small businesses, startups, and Make-in-India companies and their aim to partner with the government to foster national growth. - TWL Bureau