Funding Roundup: Kavida.ai, iMotorbike, GoZero and Others Flourish With New Funding
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
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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