Latest marketplace deals:
Selected this week:
๐ฎ๐ฉ Super, the Indonesian wholesale marketplace that targets rural locations, has raised a $70M Series C. The startup focuses on attending areas with low GDP per capita and currently has a network in 30 cities. The funding will be used to expand to new regions and develop new private label products to go along with its offerings.
๐ฎ๐ณ BigBasket, an Indian grocery delivery platform, has raised $45M from Tata Group, just a month after raising another $130M from the same investor in an acquisition. In the middle of a significantly funded market, BigBasket is reportedly profitable since the beginning of 2020 and continues to gain in margins by developing private label products.
๐ฐ๐ท Dr.Now, the South Korean-based telemedicine marketplace, has raised over $30M in a Series B round. The platform saw a surge in users during the pandemic and has seen over 3M downloads. Investors include SoftBank and Mirae Asset Capital.
Other promising marketplace deals:
๐ซ๐ท Upway, the French reconditioned electric bike marketplace, has raised a $25M Series A to fund expansion into new regions. Other than France, the startup operates in Belgium and plans to reach Germany, the Netherlands and the US in the next 6 months. The platform diminishes the high cost barrier in electric bikes by refurbishing and selling inventory at up to a 60% discount compared to new bikes.
๐บ๐ธ Felux, a Cleveland-based B2B steel and industrial materials marketplace, has raised $19.5M in a Series A round aimed at growing its team and product offerings.
Explore 63 funding rounds of the last week.
Notable exits:
๐บ๐ธ Freightos, a Miami-based B2B logistics platform, has undergone a SPAC IPO to be listed on NASDAQ and raise over $80M.
๐บ๐ธ Wrench, the Seattle-based auto repair service marketplace, has acquired competitor YourMechanic for an undisclosed amount to fuel its expansion in the US.
Explore 12 exits of the last week.