Tech-enabled logistics and fulfilment firm Shiprocket announces investment of USD 1.5 million in Logibricks for product revamp, talent acquisition and product innovation, among others.
Logibricks-a SaaS-based startup makes end-to-end operations on the post-purchase side seamless for online retailers.
The pune-based start-up plans to utilize its freshly raised capital to launch an upgraded platform by April, the company said in a release on Friday.
“Logibricks is a full-stack solution to ensure that online retailers can avail multiple services under a single umbrella. This is united with Shiprocket’s mission to provide simple solutions to online sellers, and we believe Logibricks’ innovative tech-led solution will allow them to scale and bolster their infrastructure further,”Saahil Goel, Co-Founder-CEO, Shiprocket
Working on multiple solutions, the raised capital will act as a launch pad for Logibrick, Shiprocket said in the release.
Logibricks aims to introduce integrated seller onboarding and product cataloging for marketplaces, and improving consumer analytics and engagement to help sellers increase their sales, it said.
Furthermore, the platform also have plans to build payment reconciliation for marketplaces and payment gateways.
“We are delighted to be backed by Shiprocket. We look forward to using the funds to achieve our goals. Logibricks is committed to solving the issue of retailers having to seek multiple platforms to run their business. Through our full stack solution, we integrate with other ecosystem partners to ensure a hassle-free experience for retailers and their end customers,”Karan Kabra, Co-founder, Logibricks
Direct-to-consumer (D2C) players and retailers leverage Logibricks to manage their online business, offline stores, and business-to-business (B2B) sales channel under a single roof.