Funding Roundup: New Funds Secured by Zoovu, Cartlow, Khazenly and Others

Jun 17, 2022

It has been a phenomenal 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:

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JUST Series A Funding

French startup JUST has picked  up €3M in a Series A round led by Otium Capital. Launched only 6 months ago, JUST strives to empower businesses to increase conversion rates by simplifying the consumer purchasing experience. The funding will be utilized to facilitate its 1-click online purchasing solution by further penetrating theEuropean market by 2023.

  • Year Founded: 2022

  • Founders: Jeremy Pinto, Benjamin Cohen Aloro

  • Location: Paris, France

  • Latest Funding: €3M Series A

  • Lead Investors: Otium Capital

Dastgyr Technologies Series A Funding

Pakistan-based Dastgyr Technologies has recently raised $37M in the country’s largest-ever Series A funding. Similar to the Alibaba Group, Dastgyr offers a one-stop platform that connects retailers with suppliers around the world.  The new investment will support Dastgyr’s expansion into 15 new cities in Pakistan, alongside its existing network in Karachi, Lahore, Sialkot and Gujranwala.

  • Year Founded: 2020

  • Founders: Muhammad Owais, Zohaib Ali

  • Location: Lahore, Pakistan

  • Latest Funding: $37M Series A

  • Lead Investors: Veon Ltd

Zoovu Series C Funding 

The AI-powered discovery experience platform, Zoovu, closed a $169M Series C funding led by FTV Capital. Zoovu plans to leverage the newly raised capital to improve its data-driven product platform that enables consumers to discover products and make more informed purchasing decisions. The company will also be  reinforcing  its go-to-market strategy to further expand its reach  in the United States.

  • Year Founded: 2010

  • Founders: Rob Mullen

  • Location: Boston, United States

  • Latest Funding: $169M Series C

  • Lead Investors: FTV Capital

Khazenly Seed Funding

Khazenly is an on-demand warehousing and fulfillment startup that is based in Egypt. Founded in 2021, Khazenly has developed a one-stop-shop solution for a full spectrum of fulfillment services, from warehousing, to cross-docking and even transportation services. Aftering raising $2.5M in seed funding, Khazenly is looking to ramp up product development and enhance its offerings in Egypt and beyond.

  • Year Founded: 2020

  • Founders: Mohamed Younes, Osama Aljammali, Mohamed Montasser and Ahmed Dewidar

  • Location: Cairo, Egypt

  • Latest Funding: $2.5M Seed 

  • Lead Investors: Arzan Venture Capital, Shorooq Partners

Cartlow Series A Funding

Cartlow, the leading reverse logistics platform in the United Emirates (UAE) has secured $18M in a recent Series A round. Started off as a re-commerce platform, Cartlow has quickly grown to become a leading cloud-based technology platform in UAE, offering software solutions to major players in the logistic space. The investment will enable Cartlow to further mature its ecosystem in the region by combining return management, recycling, and re-commerce..

  • Year Founded: 2019

  • Founders: Mohammed Sleiman 

  • Location: Dubai, United Emirates

  • Latest Funding: $18M Series A

  • Lead Investors:  AlSulaiman Group 

Goat Brand Labs Series A Funding

Goat Brand Labs has closed a $50M round in Series A funding, led by Winter Capital, Vivriti Capital, 9Unicorns, Venture Catalysts, Oxyzo. The company is planning to deploy its fresh funds to scale globally and attract more premium brands to its platform. Since its inception in 2021, ​​Goat Brand Labs has scaled its brand portfolio profitably by 85% and will be looking into expanding this in the years to come.

  • Year Founded: 2021

  • Founders: Rishi Vasudev, Rameswar Misra

  • Location: Bengaluru, India

  • Latest Funding: $50M Series A

  • Lead Investors: Winter Capital, Vivriti Capital, 9Unicorns, Venture Catalysts, Oxyzo

A huge congratulations to all the companies mentioned and we are looking forward to witnessing your growth in the months to come!

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