Funding Roundup: Zepto, Picka...

Funding Roundup: Zepto, Pickaboo, and Others Gain Recent Funding Boost

Sep 01, 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:

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

  • Location: India

  • Latest Funding: $200M

  • Lead Investor(s): StepStone Group

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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 Pre-Series A Funding, 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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