
Xtended Space
AI-powered peer-to-peer storage and logistics platform.
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A | Seed | |
Total Funding | 000k |
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Xtended Space Technology Private Limited operates a peer-to-peer online marketplace for storage and logistics services in India. Founded in 2022 by Rachna Suneja and Saurabh Dey, the Noida-based company connects individuals and businesses needing storage with those who have unused, available space. This model allows hosts to generate passive income from empty garages, rooms, or warehouses, while renters find affordable and convenient storage solutions.
The company's platform utilizes artificial intelligence to facilitate its offerings, which cater to both B2B and B2C markets. Services include business inventory storage, household goods storage, vehicle parking, and comprehensive packers and movers services for local and intercity relocation. For businesses, Xtended Space provides 3PL logistics to streamline supply chain management, counting brands like Hero, TVS, and Coca-Cola among its clients. The platform ensures the security of stored items and offers features like live GPS tracking for goods in transit and insurance options.
Xtended Space secured an undisclosed amount in a Series A funding round on February 29, 2024, led by Hindustan Media Ventures. This followed a pre-seed round with investors including P. Sampath, the former CFO of Essar Group. The company reported revenue of ₹1.17 Crore for the fiscal year ending March 31, 2024.
Keywords: peer-to-peer storage, logistics services, self-storage solutions, B2B logistics, packers and movers, passive income, inventory management, warehousing, vehicle storage, supply chain management, real estate technology, sustainable storage, relocation services, 3PL service, asset sharing, on-demand storage, commercial storage, household storage, space rental, Noida