Used goods venture Zefo gets funds from Sequoia, Helion

BENGALURU:

Zefo

, an online marketplace for secondhand furniture and appliances, has raised Rs 60 crore in a round led by existing investors

Sequoia Capital India

and Helion Venture Partners. Japan's Beenext has also participated in this round. The company plans to use the fresh funds for its core operations - warehousing, logistics and product refurbishment.

Rohit Ramasubramanian

, co-founder of Zefo, said the company is looking to expand deeper within the categories it is present, which include furniture, large appliances and the newly launched mobile phones business. It operates in Delhi, Mumbai, Bengaluru and Mysuru. It has three warehouses to meet servicing demands.

Zefo has been extensively working with the prominent names of Indian e-commerce in their exchange programmes. Those partners include Amazon, Flipkart, Urban Ladder, HomeTown, and Godrej.

Stay informed with the latest Business News on Times of India. Explore the list of Bank Holidays, stay informed about Budget 2025, discover the new Income Tax Slabs, and use the Income Tax Calculator for hassle-free tax planning.

Unlock Investment Potential: Enroll in ET's Stock Valuation Workshop - Batch 3. Secure Your Spot Now!