Funding Roundup: Zepto, Pickaboo, 13SQFT.com and Others Gain Recent Funding Boost
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:
Zepto Series E Funding
Zepto, an Indian-based instant grocery delivery startup, aims to go public by 2025 and plans to maintain its discipline in cost control and technological enhancement. The startup has processed over 300,000 orders a day across seven Indian cities through reliance on a network of dark stores. Having secured $200M in a Series E funding round led by StepStone Group, this makes Zepto the first Indian unicorn of 2023.
Year Founded: 2021
Founder(s): Aadit Palicha and Kaivalya Vohra
Latest Funding: $200M
Lead Investor(s): StepStone Group
Starcart Seed Funding
Based in Helsinki, AI-powered e-commerce platform Starcart aims to become a comprehensive shopping tool for consumers. The platform streamlines online shopping by searching for the best prices and delivery costs of items across different stores and adding them to a single shopping cart. Starcart recently raised €3.5M in seed funding led by Inventure, the funding will be used to expand Starcart’s operations across Europe.
Year Founded: 2021
Founder(s): Pasi Ilola and Lauri Piispanen
Location: Helsinki, Finland
Latest Funding: €3.5M
Lead Investor(s): Inventure
Samplify Pre-Series A Funding
Samplify, a health-tech logistics startup based in India, has raised $2M in a Pre-Series A funding round. The company aims to develop India's largest and fastest logistics network for diagnostic laboratory players. Samplify currently operates in over 20 cities in India and conducts over 7,000 sample visits daily. The funds will be utilized for enhancing technology offerings and expanding operations to more cities across India.
Year Founded: 2021
Founder(s): Amit Sinha
Location: Gurugram, Haryana, India
Latest Funding: $2M
Lead Investor(s): Earlybird Venture Capital
13SQFT.com Pre-Series A Funding
13SQFT.com, a B2B platform, focuses on warehousing, logistics, and the industrial sector, offering solutions for land, warehouses, and facility setups. The platform aims to assist small businesses, startups, and Make-in-India companies by addressing industry challenges and providing tech-driven designs for space planning and cost estimation for warehouses. The company recently secured $1M in a Pre-Series A funding round led by Inflection Point Ventures, where the fresh capital will support team expansion within commercial and technical teams.
Year Founded: 2019
Founder(s): Alok Bansal and Payal Chaudhary
Location: Gurgaon, Haryana
Latest Funding: $1M
Lead Investor(s): Inflection Point Ventures
Devolut Pre-Seed Funding
Devolut, a Mexican startup, is fixing the complex process of returning items bought online in Latin America. It's created a seamless system where customers can return items at designated "city points," eliminating the need for boxes or labels. With automated checks for item condition, the startup aims to make returns smoother. Recently securing $600K in pre-seed funding, Devolut plans to encourage exchanges over refunds using AI and make money by charging merchants for using its software and per-return fees.
Year Founded: 2022
Founder(s): Agustin Shutte and Emiliano Monge
Location: Mexico City, Mexico
Latest Funding: $600K
Lead Investor(s): Seedstars International Ventures, FJ Labs, Far Out Ventures, Pareto 20 and Forum Ventures
Pickaboo Pre-Series A Funding
Pickaboo, an omnichannel e-commerce platform in Bangladesh, offers customers the flexibility to shop online or offline and supports traditional retailers in setting up multi-branded smart gadget shops under the Pickaboo brand. Pickaboo works with over 300 major mobile and electronics brands and has garnered more than a million registered users. The platform raised $1.5 million in a Pre-Series A round led by IDLC Venture Capital Fund, aiming to improve user experience, expand offline stores, introduce new products, and grow the team.
Year Founded: 2016
Founder(s): Arun Gupta, Morin Talukder and Aminur Rashid
Location: Dhaka, Bangladesh
Latest Funding: $1.5M
Lead Investor(s): IDLC Venture Capital Fund
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