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Zefo Raises $9 Mn Funding To Bring Used Goods Ecommerce To The Forefront

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Bengaluru-based ecommerce portal for used goods, Zefo, has raised $9.2 Mn (INR 60 Cr) in Series B funding. The round was led by existing investors Sequoia India, Helion Venture Partners and Singapore-headquartered fund Beenext.

The startup will use the recently raised funds to strengthen its core operations including warehousing and logistics. Apart from this, the cash will be used to expand its product and technology team as well as to ramp up its newly launched mobile phones business.

GoZefo was founded in 2015 by Arjit Gupta, Rohit Ramasubramanian, Himesh Joshi, and Karan Gupta. Users can buy and sell second-hand and factory seconds furniture, home appliances and mobile phones on the platform. It currently operates in Bengaluru, Delhi-NCR and........

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