15 November 2016, India :
Bengaluru-based e-commerce portal for second-hand and factory seconds goods GoZefo has raised about $6 Million in a funding round led by Sequoia India. BEENEXT and existing investor Helion Ventures also participated in the round.
“We are building a one-stop destination for buyers looking for affordable verified goods, with the promise of a buyback as well as for individual sellers who are looking to sell while shifting or upgrading their current set up, and businesses evaluating liquidating excess inventory or launching an exchange programme,“ said Rohit Ramasubramanian, cofounder, Zefo.
“Zefo’s USP lies in its ability to bring the element of trust, reliability , and convenience in a market where these have been largely ignored,“ said Abheek Anand, principal, Sequoia Capital India Advisors, who has joined the company’s board.
Founded in August 2015 by Rohit Ramasubramanian, a former Helion Venture executive, Karan Gupta, Himesh Joshi and Arjit Gupta, Zefo is an early stage eCommerce startup committed to giving buyers and sellers an absolutely hassle free used goods shopping experience. Source- ET