Store My Goods Raises Rs 40 Million from JIIF, Targets $1 Million Round
Store My Goods, a technology-based storage solutions startup, has raised Rs 40 million in growth funding round, led by the JITO Incubation and Innovation Foundation (JIIF) and several family offices. This is part of the company's plan to finish a $1 million round with backing from top family offices. The funds will be used to grow in new geographies, improve technology infrastructure, and enhance its leadership team.
Store My Goods was started in December 2021 by Sudeep Gupta and Swati Gupta. It offers on-demand, technology-driven storage and warehousing solutions to individuals and businesses. Store My Goods is now operational in five of India's key metros Delhi NCR, Mumbai, Bangalore, Hyderabad, and Pune and has managed to sell over 50,000 months of storage subscription to over 5,000 customers.
"Store My Goods is tapping a fast-growing need in Indian cities with a tech-enabled and scalable solution," said Jeenendra Bhandari, Chairman of JITO Incubation and Innovation Foundation (JIIF). "We believe their business model has strong potential and that the founding team is poised to take the growth of the storage solutions industry in India to the next level. We are happy to back their growth next stage."
The startup earned initial recognition upon its appearance on Shark Tank India Season 1, which aided in consumer awareness and credibility. The present funding round is being fully spearheaded by JIIF and family offices, which reflects robust market validation.
This round is not only about capital it's about acceleration," said Sudeep Gupta, Co-Founder & CEO of Store My Goods. "With the backing of our investors, we plan to deepen our presence in existing markets, enter new cities, and grow our product and tech offerings to create a strong, customer-centric storage ecosystem.
The startup offers solutions to numerous storage issues for consumers and businesses alike. For consumers, it offers solutions for space shortages during home remodeling, moving, or as an addition for seasonal products and personal items. For businesses, it provides a scalable warehousing solution, helping startups and SMEs deal with their inventory, marketing materials, or stored documents without committing to long-term lease periods.
With growing urbanization, shifting lifestyles, and the growth of e-commerce, India's storage-as-a-service market is on the cusp of disruption. Store My Goods is well-placed to ride this wave, aided by a robust tech platform, customer-focused service model, and expanding footprint in major Indian metros.
Store My Goods was started in December 2021 by Sudeep Gupta and Swati Gupta. It offers on-demand, technology-driven storage and warehousing solutions to individuals and businesses. Store My Goods is now operational in five of India's key metros Delhi NCR, Mumbai, Bangalore, Hyderabad, and Pune and has managed to sell over 50,000 months of storage subscription to over 5,000 customers.
"Store My Goods is tapping a fast-growing need in Indian cities with a tech-enabled and scalable solution," said Jeenendra Bhandari, Chairman of JITO Incubation and Innovation Foundation (JIIF). "We believe their business model has strong potential and that the founding team is poised to take the growth of the storage solutions industry in India to the next level. We are happy to back their growth next stage."
The startup earned initial recognition upon its appearance on Shark Tank India Season 1, which aided in consumer awareness and credibility. The present funding round is being fully spearheaded by JIIF and family offices, which reflects robust market validation.
This round is not only about capital it's about acceleration," said Sudeep Gupta, Co-Founder & CEO of Store My Goods. "With the backing of our investors, we plan to deepen our presence in existing markets, enter new cities, and grow our product and tech offerings to create a strong, customer-centric storage ecosystem.
The startup offers solutions to numerous storage issues for consumers and businesses alike. For consumers, it offers solutions for space shortages during home remodeling, moving, or as an addition for seasonal products and personal items. For businesses, it provides a scalable warehousing solution, helping startups and SMEs deal with their inventory, marketing materials, or stored documents without committing to long-term lease periods.
With growing urbanization, shifting lifestyles, and the growth of e-commerce, India's storage-as-a-service market is on the cusp of disruption. Store My Goods is well-placed to ride this wave, aided by a robust tech platform, customer-focused service model, and expanding footprint in major Indian metros.
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