Funding Roundup: Bizongo, Homzmart, Vetted and Others Secured Early-Stage Deals
It has been a fantastic week for startups in the e-commerce, logistics and supply chain space. In this week’s Ecosystem Funding Roundup, we are thrilled to feature 6 of their notable achievements:
Homzmart Pre-Series B Funding
Egyptian e-commerce platform Homzmart has secured $23M in its pre-Series B, featuring investors including Impact46, Outliers Ventures and STV. According to their statement, the funds will be used to boost its logistics with 100 truths in its current capacity. Founded in 2020, the furniture and home goods retailer now serves 25 million houses in Egypt and the Kingdom, with more than 150,000 products on its website.
Year Founded: 2020
Founders: Mahmoud Ibrahim, Ibrahim Mohamed
Location: Cairo, Egypt
Latest Funding: $23M Pre-Series B
Lead Investors: Undisclosed
EVIFY Seed Funding
Surat-based EV logistics startup EVIFY has raised $100K in a seed round led by We Founder Circle.The investment will go towards expansion of EVIFY’s operation, team building and technological development. “This is a great start to the fiscal year for the company. We have been working on adding technological advancements into our delivery operations such as geofencing, BMS, and fleet management to revolutionize the unorganized logistics market, ” said Devrishi Arora, Co-Founder and CEO of EVIFY.
Year Founded: 2021
Founders: Devrishi Arora, Pragya Mittal
Location: Surat, India
Latest Funding: $100K Seed
Lead Investors: We Founder Circle
Vetted Series A Funding
Vetted, formerly known as Lustre, is an AI-powered platform for product reviews that helps shoppers find top products and deals. Stuart Kearney, Co-Founder of Vetted, describes Vetted as a “product search engine” for “discovering the brands and products most recommended for your needs.” As part of its Series A, the startup has bagged $14M to fund the deployment of more advanced search technologies, as well as AI systems.
Year Founded: 2019
Founders: Stuart Kearney, Tim Etler, Tom Raleigh
Location: San Francisco, United States,
Latest Funding: $14M Series A
Lead Investors: Insight Partners
Clutch Pre-Seed Funding
Located in Houston, Texas, Clutch is a digital marketplace that connects individuals with businesses seeking marketing and content creation services. Launched just 2 years ago in 2020, the company now has more than 200 creators on the platform, with a 3000-person waitlist. Thanks to the $1.2M raised from the pre-seed round, Clutch can now better support its open beta launch and continue investing in its customer and product strategies.
Year Founded: 2020
Founders: Madison Long, Simone May
Location: Houston, United States
Latest Funding: $1.2M Pre-Seed
Lead Investors: Precursor Ventures
Bizongo, India’s largest B2B platform known for made-to-order goods that digitally transform vendor management and supply chains, has received $25M from Liquidity Group’s Mars Growth Capital. According to a Tech Funding News Report, the funding will allow Bizongo to help its Southeast Asian clients “automate their supply chains, access working capital and increase their clientele across the region.”
Year Founded: 2015
Founders: Aniket Deb, Ankit Tomar, Sachin Agrawal
Location: Mumbai, India
Latest Funding: $25M Undisclosed
Lead Investors: Growth Capital
Ottonomy Seed Funding
Ottonomy is a startup known for its proprietary autonomous robot fleets largely targeted at contactless deliveries. Thanks to their proprietary contextual mobility navigation software, the company’s “Ottobots” are capable of operating in crowded and unpredictable environments. Following the recent fundraise of $3.3M during its seed round, the startup is looking to scale production and strengthen footprint across Europe, North America and the Middle East.
Year Founded: 2020
Founders: Ashish Gupta, Hardik Sharma, Pradyot KVN, Ritukar Vijay
Location: Brooklyn, United States
Latest Funding: $3.3M Seed
Lead Investors: pi Ventures
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