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