Five big retail technology funding rounds
RTIH rounds up the retail technology ventures who have been making waves with major investments.
1. FreshToHome
FreshToHome, an Indian e-commerce startup that sells fresh fish and meat, has raised $121 million in Series C funding.
This was led by Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, Investcorp, Ascent Capital, US International Development Finance Institution (DFC), and the Allana Group.
Iron Pillar, the lead investor from the company’s Series B round, also participated, stumping up $19 million.
2. GlamCorner
Clothing rental venture GlamCorner recently announced a $12 million Series B funding round involving Treis, Airtree Ventures, Giant Leap Fund, Marshall Investments and Partners For Growth.
The cash will allow GlamCorner to move to a fulfilment centre five times bigger than its current home, develop an app and improve its fulfilment automation systems, and expand its inventory from 28,000 pieces of clothing to 60,000.
3. Onfleet
US-based last mile delivery venture Onfleet has raised $14 million in a Series A funding round led by Kennet Partners.
It will use the cash to broaden its product offerings and expand its global footprint. The startup has now raised $20 million in total.
4. Nuro
Autonomous delivery startup Nuro has raised $500 million, giving it a post-money valuation of $5 billion.
The Series C round was led by funds and accounts advised by T. Rowe Price Associates, Inc., with participation from new investors including Fidelity Management & Research Company and Baillie Gifford.
The round also includes existing investors such as SoftBank Vision Fund 1 and Greylock.
5. Purple Dot
London-based fashion tech company Purple Dot has announced a seed round of £1.35 million.
This was led by Connect Ventures, with support from AI Seed, Moxxie Ventures, Andy Chung and Philipp Moehring from AngelList, Vijay Pandurangan (ex-Twitter), Alex Roetter former SVP of Engineering at Twitter and the family office of Paul Forster, co-founder of Indeed.com.
