Funding Roundup: Bizongo, Homzmart, Vetted and Others Secured Early-Stage Deals

Aug 05, 2022

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

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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 Funding 

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

For more exclusive reports, insights, and interviews on the latest updates in e-commerce and logistics, follow us on LinkedIn or join our community as a member.

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