Dubai-based Boxit has successfully closed its second funding round, making them raise $1.6 million in less than 12 months. In external funding, Botix raised about $625,000 in the previous round which closed about 10 months ago. Last month, they raised just a little over $1.05 million. Both rounds were funded by a group of private investors and led by the institution Alif Ba Holding.
This is to help them fuel Botix’s rapid growth to date and facilitate its goal of securing a firm leadership position in the personal/SME storage vertical in the region over the coming 3 to 5 years.
Launched in 2015 in Dubai, Boxit is the first company in the Middle East region to develop a proprietary platform and technology disrupting traditional self-storage by combining the inventory tracking and management capability typically found in large scale third party logistics operations with packing and moving services.
They allow their customers to store their belongings and inventory in secure storage facilities outside of the city centre, pay only for the volume they occupy, and avoid the hassle of having to visit a storage unit themselves. This allows for a more cost-effective and seamless customer experience when it comes to storage. It now operates in the Emirati and Kuwaiti markets.
Future plans include refining our SME storage, logistics and fulfillment offering as well as regional expansion of our platform and service offering to other major GCC cities.Premlal Pullisserry, Co-founder, Boxit
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