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!

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