Storage Solutions Startup Store My Goods Secures Rs 4 Crore in Funding

Storage solutions startup Store My Goods has successfully raised Rs 4 crore (approximately $460K) in a growth funding round that was spearheaded by JITO Incubation and Innovation Foundation (JIIF) along with several family offices. This recent financing is part of the company’s broader objective to complete a $1 million funding round, benefiting from the involvement of prominent family offices.

According to a press release from Store My Goods, the capital raised will be utilized for geographical expansion, advancing their technology infrastructure, and fortifying their leadership team.

Overview of Store My Goods

Co-founded in December 2021 by Sudeep Gupta and Swati Gupta, Store My Goods provides on-demand, technology-enabled storage and warehousing services tailored for both individuals and businesses. The startup aims to fulfil a swiftly growing demand for storage solutions in urban India through a tech-centric and scalable model.

Services Offered by Store My Goods

Based in Noida, the startup offers personalized storage solutions, packaging services, insurance coverage, and secure storage facilities. It caters to both B2B and B2C clients, presenting a variety of services including self-packaging and self-drop options.

Store My Goods is dedicated to addressing various storage challenges that affect both consumer and business sectors. On the consumer side, it assists individuals facing space limitations, offering storage for home renovations, relocations, or as an extra space for seasonal items and personal belongings. For businesses, it provides a scalable warehousing alternative, aiding startups and SMEs in managing inventory, promotional materials, or archived documents without incurring long-term lease obligations.

Current Operations and Market Impact

The company asserts that it is currently operational in five major Indian metropolitan areas—Delhi NCR, Mumbai, Bangalore, Hyderabad, and Pune. It has successfully sold over 50,000 months of storage subscriptions to more than 5,000 customers. Additionally, Store My Goods gained recognition by being featured on Shark Tank India Season 1.