Funding Roundup: Evenflow, Outerspace, Zepto and Others Raise Funds

It has been an outstanding 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 outstanding achievements:
Evenflow Pre-Series A Funding
Launched in 2021 by two former Uber executives, Evenflow acquires and scales-up third-party sellers on marketplaces. Using the popular Thrasio-style business model, the Mumbai-based firm focuses on categories where consumers have few branded options, such as home & kitchen and baby care. Earlier this week, the company raised a $5M Pre-Series A from a clutch of investors including Village Global and 9Unicorns.
Year Founded: 2021
Founders: Utsav Agarwal, Pulkit Chhabra
Location: Mumbai, India
Latest Funding: $5M Pre-Series A
Lead Investors: Village Global
Paccurate Seed Funding
Pacuurate is a shipping and fulfillment optimization platform that has just announced the closing of a $2.2M seed round. The funds will not only enable the team to expand their suite of fulfillment tools but also create more savings for retailers. “Most importantly, our mission to make the e-commerce supply chain less wasteful has been accelerated,” said the company’s CEO James Malley.
Year Founded: 2018
Founders: James Malley, Patrick Powers
Location: New York, United States
Latest Funding: $2.2M Seed
Lead Investors: FirstMile Ventures, SpringTime Ventures
Cooee Pre-Seed Funding
UK-based Cooee is a deep-tech tool that delivers unique, data-driven and immersive notifications for e-commerce stores to boost revenue whilst reducing customer churn. The company intends to utilize the £356k from the pre-seed round to support its product development, ramp up its clientele reach and launch an augmented reality version of the product.
Year Founded: 2020
Founders: Shashank Agrawal, Shikhar Jain, Shwetank Tamer
Location: Cambridge, United Kingdom
Latest Funding: £356k Pre-Seed
Lead Investors: Jenson Funding Partners
Outerspace Series B Funding
Outerspace is a leading fulfillment partner for high-growth omnichannel consumer brands that was collectively built by those who have experienced the pain points of the industry. Through the combination of its premium 3PL services and proprietary Ops Stack, Outerspace helps businesses gain a competitive advantage and generate more revenue. The $30M growth capital from the latest Series B will allow the company to scale its operations and refine its product.
Year Founded: 2019
Founders: Phil Moldavski, Ricky Choi
Location: New Jersey, United States
Latest Funding: $30M Series B
Lead Investors: Prysm Capital
Zepto Series D Funding
Zepto is a quick commerce startup that has reached a $900M valuation following the recent $200M Series D raise. Formerly known as Kiranakart, Zepto offers grocery deliveries through dark stores and micro-warehouses within 10 minutes. The firm will use the funding to bring its instant delivery service to more cities and also grow its network of dark stores across the country.
Year Founded: 2021
Founders: Aadit Palicha, Kaivalya Vohra
Location: Parel, India
Latest Funding: $200M Series D
Lead Investors: Y Combinator’s Continuity fund
Tengiva Seed Funding
Tengiva, a digital supply chain platform unique to the textile industry, has secured $4.9M in seed funding led by Fonds Ecofuel. The round also saw participation from other investors including Inovia, Active Impact Investments and N49P. Beyond offering unprecedented access to materials across the supply chain, Tengiva also addresses the issue of sustainability, which is a critical concern facing the textiles industry.
Year Founded: 2018
Founders: Annie Cyr, Carlos Agudelo
Location: Montreal, Canada
Latest Funding: $4.95M Seed
Lead Investors: Fonds Ecofuel
A huge congratulations to all and we are looking forward to witnessing your growth in the months to come!
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.
Also worth your time
Track your parcel here
Event Highlights
Europe
Retail & E-Commerce
ECDM Expo NORTH 2023
Feb 11 - 12, 2023 | Vellideion Conference Center, Thessaloniki
Europe
Retail & E-Commerce
E-commerce Berlin Expo 2023
Feb 23, 2023 | STATION Berlin, Luckenwalder Str. 4-6, Berlin, Germany
Americas
Logistics & Supply Chain
Intermodal South America 2023
Feb 28 - Mar 03, 2023 | São Paulo Expo
North America
Retail & E-Commerce
Future Stores Miami 2023
Mar 05 - 08, 2023 | JW Marriott Miami, FL, USA
Middle East
Retail & E-Commerce
The Retail Summit 2023
Mar 14 - 15, 2023 | Atlantis, The Palm, Dubai, United Arab Emirates
More discoveries
Funding Roundup: Craft.co, Freightify, Yebo Fresh and Others Close Early-Stage Deals
Feb 03, 2023
Retail Dive: Maersk Deploys Drones to Improve Warehouse Inventory Management
Feb 03, 2023
FreightWaves: FedEx Ground Establishes 3-Tier Driver Contractor Grading System
Feb 02, 2023
A Look at 2022 Consumer Trends in the United States
Feb 01, 2023
Retail Dive: Amazon Fresh Raises Minimum Order to Qualify for Free Delivery
Feb 01, 2023
Business Standard: Shipping Ministry Establishes Maritime Logistics Portal to Facilitate Sea Commerce
Jan 31, 2023
Guest Post: How to Improve Your Customer Experience in E-commerce
Jan 31, 2023
Overcoming Peak Season Challenges With Fossil
Jan 30, 2023
Alcott Global Podcast: Digital Procurement Transformation Starts With Mindset
Jan 27, 2023
Retail Dive: Michael Kors Appoints Versace Executive Cedric Wilmotte as CEO
Jan 27, 2023
CNA: Amazon Introduces Dedicated Air Cargo Service in India for Faster Deliveries
Jan 26, 2023
Introduction to Supply Chain Management: The Essentials to Know
Jan 25, 2023
GMA News Online: USAID Launches 5-Year Program to Boost MSME Digital Transformation in the Philippines
Jan 20, 2023
The Ultimate Guide to Shipping & Logistics in E-Commerce
Jan 19, 2023
YunExpress Europe: Zongteng Group Inaugurates Shenzhen-Paris Route With Its First Freighter Flight
Jan 19, 2023