Store My Goods set to cross $1 million after fresh funds
Store My Goods set to cross $1 million after fresh funds
The tech-enabled storage solutions firm is set to raise its performance amid the demand for urban storage solutions in India
Store My Goods, a startup led by JITO Incubation and Innovation Foundation (JIIF) and family offices, has raised Rs.24 crore in a growth round, reaching close to its $1 million funding goal.
With operations in five Indian metros – Delhi-NCR, Mumbai, Bangalore, Hyderabad, and Pune, the company hopes to use the capital to expand, enhance technology infrastructure and strengthen its leadership team.
The tech-enabled storage solution firm is set to raise its performance amid the rising demand for urban storage solutions in India.
Store My Goods was launched in December 2021 by Sudeep Gupta and Swati Gupta. It offers on-demand, tech-enabled storage and warehousing services to individuals and businesses.
The company has sold over 50,000 months of storage subscription to over 5,000 customers.
Jeenendra Bhandari, the Chairman of JIIF, stated, “Store My Goods is addressing a rapidly emerging need in urban India with a tech-driven and scalable approach. We see strong potential in its business model and believe the founding team is well-equipped to lead the evolution of the storage solutions market. We are pleased to support its next phase of growth."
The startup gained recognition after appearing on Shark Tank India Season 1, which helped in creating consumer awareness and the company gained credibility.
However, signalling strong market validation, the current round has been led entirely by JIIF and family offices.
Sudeep Gupta, the co-founder and CEO of Store My Goods, remarked, “This round is about acceleration. With the support of our investors, we aim to deepen our footprint in current markets, expand into newer cities, and scale our product and tech offerings to build a robust, customer-first storage ecosystem."
The startup solves multiple storage challenges across consumer and business segments.
On the consumer front, it caters to those with space crunch, and offers storage during home renovations, relocations, or as an extension of their homes for seasonal items and personal belongings.
For businesses, it serves as a scalable warehousing alternative and helps startups and SMEs to manage inventory, promotional material, or archived documents without the liability of a long-term lease.
Due to the rising urban density, changing lifestyles, and increasing e-commerce penetration, the country's storage-as-a-service market is poised for disruption.
Store My Goods hopes to bet on this shift, backed by a full-stack tech platform, customer-centric service model, and a growing footprint in major Indian cities
