A Bengaluru-based company Zefo has secured a total sum of Rs 60 crore in Series –B funding from existing investors such as Sequoia Capital India, Helion Venture Partners and Beenext.
Using Funds to Build Technology
The Bengaluru-based company is planning to use these funds to optimize operations, deepen product portfolio and build the technology and product teams.
“Operations are a core part of our business. So, we want to improve our logistics, warehousing and refurbishment and become more efficient,” said Rohit Ramasubramanian, co-founder of Zefo.
About Zefo
Zefo was founded by Ramasubramanian, Karan Gupta, Himesh Joshi and Arjit Gupta in 2015. The company intends to deepen its presence in Bengaluru, Delhi and Mumbai before opting to expand its footprint.
Zefo gets supplies from commercial centers like Urban Ladder, Flipkart, Amazon India. The Zefo stage offers around 15,000 items crosswise over 14 classifications and its buyback ensure is a noteworthy driver of sales.
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