BoxMySpace raises Rs 1.92 cr from a consortium of investors

Funding to be deployed for multi-city expansion and brand management activities

BoxMySpace a Mumbai based storage solution provider has raised  Rs 1.92 crores from a consortium of investors led by Farooq Oomerbhoy, Ritesh Veera and Singapore Angel Networks.

The funding will be deployed primarily towards expanding operations in other metro including Pune, Bangalore and Delhi and undertaking key marketing efforts.

BoxMySpace also plans to launch other innovative storage solutions in the future and partner with online retailers and SMEs to streamline their need for an efficient storage solution for their goods.

Established in January 2015 by Pratyush Jalan, BoxMySpace was formed with an aim to bring the same convenience of cloud storage to the physical goods of a consumer’s home. 

 

The consumer can avail on-demand storage service for their household goods at their doorstep either through the web or mobile application across Android and iOS platforms for a low monthly fee starting Rs 99.

BoxMySpace delivers storage boxes to customer’s homes/offices wherein they can pack their belongings in the boxes, thereafter BoxMySpace collects it and stores it safely for them! 

It also provides spaces for larger storage items through it’s 4x4 and 6x6 packages. BoxMySpace leverages the unused spaces in large warehouses and plugs the gap to provide a technology backed solution to retail customers. 

According to industry reports, on-demand storage industry is gaining strong foothold in US market with estimated revenues of US$24 Billion as of date, with 1 in 10 people in US owning a self storage unit. With the growth of urbainzation in India, micro-living, space constraints BoxMySpace can become a much needed solution.