Funding Roundup: Cart.com, Zippee, B Garage and Others Fuel Growth With Fresh Capital
It has been a great couple of weeks 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:
Cart.com Series C Funding
Leading commerce and logistics enablement company, Cart.com, provides comprehensive commerce solutions to enable merchants to sell and fulfill across multiple channels. With significant revenue growth, it aims to offer greater control and competitive advantage to its customers. In a Series C funding round led by multiple investors, Cart.com raised $60M to meet growing demand, expand internationally, and enhance its software and data analytics capabilities.
Year Founded: 2020
Founder(s): Jim Jacobsen and Omair Tariq
Location: Austin, Texas, United States
Latest Funding: $60M Series C
Lead Investor(s): B. Riley Venture Capital, Kingfisher Investment Advisors, Snowflake Ventures, Prosperity7 Ventures and Legacy Knight
Indian-based startup Zippee, a same-day delivery platform, enables direct-to-consumer brands achieve same-day delivery through their websites using its network of 170 dark stores across major Indian cities. Recently, it secured $1.6M in funding led by Haldiram Products, where the fresh capital will be utilized for service expansions, technology enhancements and scaling its hiring efforts.
Year Founded: 2021
Founder(s): Madhav Kasturia
Location: New Delhi, India
Latest Funding: $1.6M
Lead Investor(s): Haldiram Products
B Garage Series A Funding
B Garage, a San Jose-based startup, focuses on utilizing AI and autonomous technology to address labor shortages in logistics and agriculture. The company develops autonomous drones and software for warehouse inventory tracking for companies. It recently raised $20M in a Series A funding round led by LB Investment. The funding will be used to enhance and commercialize their drones, expand their team, and further develop their software solutions.
Year Founded: 2017
Founder(s): Aiden Kim
Location: San Jose, California, United States
Latest Funding: $20M Series A
Lead Investor(s): LB Investment
Colonia Technologies Seed Funding
Colonia Technologies, a logistics startup in Germany, aims to help SMEs optimize fleet operations and overcome drive shortages. The company provides a secure marketplace and B2B sharing model for logistics companies to share vehicles, addressing access issues in the European logistics industry. It recently raised €6M in a seed funding round led by Octopus Ventures. The funding will be used to enhance the platform's features and advance the business model.
Year Founded: 2021
Founder(s): Kaspar Filipp and Jakob Sadoun
Location: Köln, Germany
Latest Funding: €6M Seed Funding
Lead Investor(s): Octopus Ventures
HyugaLife Pre Series A Funding
HyugaLife, a health and wellness e-commerce platform in India, has raised $5M in Pre-Series A funding led by Peak XV’ Surge and Early Spring. The platform offers a diverse range of health and wellness products, including supplements, beauty items, and sports nutrition, with the goal of becoming a leading global platform in the industry. The funding will be utilized to launch mobile apps, enhance warehouse capabilities, and improve the customer experience.
Year Founded: 2022
Founder(s): Anvi Shah, Neehar Modi and Sachin Parikh
Location: Mumbai, India
Latest Funding: $5M Pre Series A
Lead Investor(s): Peak XV’ Surge and Early Spring
Levit Inc. Series B Funding
Seoul-based e-commerce startup Levit Inc., through its app Alwayz, connects consumers directly with manufacturers to offer a wide range of low-priced products. It aims to become a leading e-commerce company in South Korea by engaging users with games, short videos, and recommendation algorithms. Levit recently raised $46M in a Series B funding round led by DST Global Partners, which will be used to enhance the app's social features and gamification for an improved online shopping experience.
Year Founded: 2021
Founder(s): Jaeyun Kang, Sangwoo Park and Hyunjik Lee
Location: Seoul, South Korea
Latest Funding: $67M Series B
Lead Investor(s): DST Global Partners
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