Funding Roundup:, i...

Funding Roundup:, iMotorbike, GoZero and Others Flourish With New Funding

Aug 11, 2023

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:

Outfindo Seed Funding

Outfindo, a Prague-based startup, specializes in AI-driven shopping guides using the concept of 'Guided Selling' to enhance online shopping experiences. The platform engages customers in conversational interactions, aiding them in making informed decisions without exhaustive research. It secured €900K in a seed funding round led by Presto Ventures, Patero, and Longevity Fellows, which will aid the further development and expansion of Outfindo's product.

  • Year Founded: 2020

  • Founder(s): Jan Matějů, Martin Chrz and Ondřej Bouda

  • Location: Prague, Czech Republic

  • Latest Funding: €900K Seed Funding

  • Lead Investor(s): Presto Ventures, Patero and Longevity Fellows

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Go Zero Pre-Series A Funding

Indian ice cream brand GoZero has secured $1M in a recent pre-series A round led by DSG Consumer Partners, Saama and V3 Ventures. GoZero specializes in zero-added-sugar ice creams, targeting health-conscious consumers. The funds will be used to expand into major cities, strengthen production capabilities, and introduce new flavors and product lines through e-commerce platforms.

  • Year Founded: 2022

  • Founder(s): Kiran Shah

  • Location: Mumbai, India

  • Latest Funding: $1M

  • Lead Investor(s): DSG Consumer Partners, Saama and V3 Ventures

iMotorbike Series A Funding

Kuala Lumpur's iMotorbike operates an online marketplace for used motorcycles with inspection shops, offering guarantees, warranties, and insurance. With over 2,500 transactions generating more than $3.5 million in revenue, it aims to tap into Southeast Asia's substantial motorcycle market. In a Series A funding round led by Gobi Partners and Ondine Capital, iMotorbike secured $2.6M to expand operations in Malaysia and Vietnam, including new inspection centers.

  • Year Founded: 2016

  • Founder(s): Gil Carmo and Sharmeen Looi

  • Location: Kuala Lumpur, Malaysia

  • Latest Funding: $2.6M Seed Funding

  • Lead Investor(s): Gobi Partners and Ondine Capital

Kavida.AI Funding

Based in the United Kingdom, Kavida.AI aims to provide instant data access to procurement managers, helping them anticipate and address potential disruptions before they escalate into crises. The company’s platform focuses on de-risking procurement by tracking and managing supply chain issues. Kavida.AI raised $1.1M in seed funding led by Qima, which the investment aims to enhance its supply chain solutions by integrating ChatGPT and team expansion.

  • Year Founded: 2020

  • Founder(s): Anam Rahman and Sumit Sinha

  • Location: London, United Kingdom

  • Latest Funding: $1.1M

  • Lead Investor(s): Qima

Bluwheelz Seed Funding

Bluwheelz, an Indian-based startup, offers a Fleet-As-A-Service model, providing a range of electric vehicles for clients in sectors like e-commerce and logistics. The company aims to bring sustainable mobility solutions to urban areas and reduce carbon footprints. Recently, Bluwheelz secured $500K in seed funding from Faad Network and Lets Venture, planning to expand across India and invest in advanced technology and service improvements.

  • Year Founded: 2022

  • Founder(s): Chanpreet Singh Sethi and Jaspreet Dhingra

  • Location: New Delhi, India

  • Latest Funding: $500K

  • Lead Investor(s): Faad Network and Lets Venture

Bidso Funding

Indian-based product procurement platform Bidso, offers a full-stack solution for brand sourcing and streamlines sourcing processes by improving the capabilities of Indian SME manufacturers. The company aims to serve at least 100 brands and enable sourcing for 50 different product categories in the next six months. In a funding round led by PeerCapital, Bidso has raised $1.5M to support its geographical expansion, enhancing the manufacturer network, and technological development.

  • Year Founded: 2022

  • Founder(s): Ashwin Jain, Vivek Singhal, Aditya Krishnakumar and Rahul Agarwal

  • Location: Bangalore, India

  • Latest Funding: $1.5M

  • Lead Investor(s): Peer Capital

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