Funding Roundup: Early-Stage Funds Bagged by Autify, ZineOne, Coolmate and Others

Sep 09, 2022

It has been an astounding 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:

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Coolmate Series A Funding 

Vietnamese e-commerce fashion startup, Coolmate, bagged $2.3M in a Series A funding round. Founded in 2019, Coolmate employs the direct-to-customer e-commerce model to cut the distribution costs in traditional retail. Coolmate products are all Vietnamese-made clothing and accessories. The newly raised capital will help the startup to accelerate the supply chain for its apparel product line and achieve its 2022 sales target. 

  • Year Founded: 2019

  • Founders: Nhu Pham

  • Location: Hanoi, Vietnam

  • Latest Funding: $2.3M Series A

  • Lead Investors: GSR Ventures

Autify Network Pre-Seed Funding 

Autify Network, a blockchain-based startup, secured $1.5M in Pre-Seed funding. The startup provides blockchain-based products for e-commerce businesses such as loyalty programs, cross-border payment, and DeFi. The company will leverage the fresh funds to hire more blockchain, AI and computer vision engineers, develop the beta launch and invest in marketing campaigns.

  • Year Founded: 2021

  • Founders: Nabarun Chakraborty 

  • Location: Singapore

  • Latest Funding: $1.5M Pre-Seed

  • Lead Investors: Loop Ventures

ZineOne Series C Funding 

The leading in-session marketing platform, ZineOne, has raised $28M in Series C funding from SignalFire, Norwest and others. The company provides enterprises with real-time behavioral intelligence and conversion driving online shopping experiences for anonymous website visitors. The new funds will be channeled to support the company’s vision in increasing e-commerce revenue and conversions in the privacy- forward world using advanced machine learning. 

  • Year Founded: 2014

  • Founders: Arnab Mukherjee, Debjani Deb, Manish Malhotra

  • Location: Milpitas, California

  • Latest Funding: $28M Series C

  • Lead Investors: SignalFire 

TruKKer Series C Funding 

Saudi Arabia-based TruKKer, raised $100M in Series C funding round from a list of established investors including Investcorp and Mubadala Investment Co. TruKKer is an online marketplace that connects transporters with consumers and businesses to move goods. The brand new capital will be utilized for its  expansion into new and existing markets to accelerate growth before its planned float, TruKKer said in a statement.

  • Year Founded: 2016

  • Founders: Gaurav Biswas

  • Location: Riyadh, Saudi Arabia

  • Latest Funding: $100M Series C

  • Lead Investors: Investcorp

El-dokan Pre-Seed Funding 

El-dokan, an Egypt-based developer of e-commerce software, raised $550K in a pre-seed funding round as it seeks to expand in the highly-competitive online market. Established in late 2020, El-Dokan primarily targets the more sizable  retailers and chain stores that are looking  to grow  their e-commerce market share, increase sales and operation automation. Moreover, the startup also works with software companies and developers that are seeking to build their e-commerce stores in a fast and cost-efficient manner.

  • Year Founded: 2020

  • Founders: Mohammed Shirt, Sherif Alaa

  • Location: Cairo, Egypt

  • Latest Funding: $550K Pre-Seed

  • Lead Investors: EFG EV, Flat6Labs, 500 Global, Hala Ventures. 

SnappRetail Pre-Seed Funding 

Pakistan-based fintech firm, SnappRetail, has secured $2.5 M in a pre-seed funding deal to expand the business across the region. It offers retailers point of sale (POS) tools and a digital operating platform that helps traditional retailers to grow their margin and revenue while helping micro-retailers upgrade who are losing out to growing modern supermarkets. The fresh capital will support the company’s product development and expansion plans, with the goal of covering 13 cities by the end of 2024.

  • Year Founded: 2021

  • Founders: Rasheed, Moazzam Ali Khan, Ahsan Aziz and Moiz Ali

  • Location: Karachi, Pakistan

  • Latest Funding: $2.5M Pre-Seed 

  • Lead Investors: Zayn Capital

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