Flipkart, Tamara, Cart.com an...

Flipkart, Tamara, Cart.com and Others Attain Recent Capital Infusion

Dec 29, 2023
Flipkart, Tamara, Cart.com and Others Attain Recent Capital Infusion

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:

Oxyzen Express Seed Funding

From India, Oxyzen Express is an express logistics and supply chain solutions startup that has established a pan-India network covering over 10,000 pin codes since starting operations in early 2022. It currently caters to a wide range of corporate customers across sectors such as retail, pharma, FMCG, e-commerce, electronics, and automotive. After successfully raising $3M in a seed funding round, the startup is set to invest in advanced technology to expand its capabilities.

  • Year Founded: 2021

  • Founder(s): Bala Aghoramurthy, Raghuraman R and Patram Choudhary

  • Location: Chennai, Tamil Nadu, India

  • Latest Funding: $3M

  • Lead Investor(s): Tamil Nadu Emerging Sector Seed Fund and SNAM Group of Companies

APX Solutions Funding

APX Solutions, a logistics technology startup based in Thailand, has shown rapid growth since its inception in mid-2022, managing a substantial volume of cargo and serving a wide array of clients. The company recently secured funding from ADB Ventures, aiming to enhance its platform and expand its operations. Leveraging Singapore's strategic location, APX plans to develop cross-border less-than-truckload (LTL) services and establish domestic trucking services in Malaysia, with regional hubs in strategic locations.

  • Year Founded: 2020

  • Founder(s): Uwe Dettmann

  • Location: Yannawa, Bangkok

  • Latest Funding: Undisclosed

  • Lead Investor(s): ADB Ventures

Flipkart Funding

India's premier online marketplace, Flipkart, is poised to raise $600M in its latest funding round, spearheaded by Walmart, one of its largest shareholders. This consistent financial support from Walmart has been a key driver of Flipkart's market growth. With a strategic focus on small towns and cities across India, Flipkart plans to utilize this new capital infusion to reinforce its standing in the fiercely competitive e-commerce landscape.

  • Year Founded: 2007

  • Founder(s): Binny Bansal

  • Location: Bangalore, Karnataka, India

  • Latest Funding: $600M

  • Lead Investor(s): Walmart

Tamara Series C Funding

As the leading platform for shopping, payments, and banking in the region, Tamara, based in Saudi Arabia, has revolutionized the e-commerce experience. Its platform attracted high-intent shoppers, contributing to its success with over 10 million users and collaborations with more than 30,000 merchants. The company has secured $340M in its Series C funding, where it is earmarked for shaping the future of financial services in the region.

  • Year Founded: 2020

  • Founder(s): Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Al Babtain

  • Location: Riyadh, Saudi Arabia

  • Latest Funding: $340M

  • Lead Investor(s): SNB Capital and Sanabil Investments

Cart.com Funding

Cart.com, a Houston-based e-commerce platform, has recently raised $30M in funding from Trinity Capital. This investment will bolster its balance sheet and support the expansion of its operations. Specializing in providing online commerce and logistics solutions, Cart.com currently supports around 6,000 brands globally, facilitating their ability to sell and fulfill orders worldwide.

  • Year Founded: 2020

  • Founder(s): Omair Tariq and Jim Jacobsen

  • Location: Houston, Texas, United States

  • Latest Funding: $30M

  • Lead Investor(s): Trinity Capital

Soum Series A Funding

Soum, a Saudi Arabian re-commerce marketplace known for selling pre-owned electronics, is expanding its offerings to include automobiles and collectibles. The platform, which oversees the entire process from listing to delivery, has built a substantial user base with over 30,000 monthly listings and generates revenue through sales commissions. Following its recent $18M Series A funding, Soum is now poised to extend its reach across the Middle East and North Africa region.

  • Year Founded: 2021

  • Founder(s): Fahad Al Hassan, Bader Almubarak and Fahad Albassam

  • Location: Saudi Arabia

  • Latest Funding: $18M

  • Lead Investor(s): Jahez Group


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