Latest e-Commerce startups to secure funding recently:
DTC platform Resident raises £95.7 million funding
Resident, a Mountain View, California based platform of direct to customer labels for home goods and mattresses market announced receiving £95.7 million investment on 7th January 2021.
The round was led by Nexus Capital Management and Ion Crossover Partners and was joined by Baron Capital Group. The Nectar mattress parent, Resident intends to use the funding for expanding their brick and mortar retail hold in the US and strengthening their supply chain infrastructure for delivering an improved customer experience.
Eric Hutchinson, the co-founder of Resident said, “We drove Resident to profitability through a combination of data-driven performance marketing coupled with product and operational excellence. Our key to success is our ability to find in-market customers and offer them exceptional products at great value. The quality and stature of our newest investors shows a true vote of confidence in our business model and continued success”
Udaan secures US$280 million funding for B2B e-commerce
Udaan, a business to business e-commerce platform, raised USD 280 million additional funds on 6 January 2021.
The investment round included participation from existing investors, DST Global, GGV Capital, Lightspeed Venture Partners, Tencent And Altimeter Capital and the new investors Moonstone Capital and Octahedron Capital.
Udaan aims to use the investment for reaching out to small businesses and expanding their product selection with bolstering their technology based platform and improving the consumer experience.
Amod Malviya, the Co-Founder of Udaan said, “The company was “at the forefront of this uniquely Indian e-commerce opportunity” over the past several years and was working on an “India-first mobile-first” approach to ecommerce.”
Delivery Hero raises around US$ 1.6 billion by new share offering
The Germany-based network of food ordering sites, Delivery Hero that connects with more than 100 restaurant partners globally is securing around US$ 1.6 billion in share offering recently in January, 2021.
The company will sell around 9.4 million shares for supporting their cash position and taking the advantage of investment opportunities. The company has collected enough orders for all the offered shares.
Delivery Hero claims to be the biggest food delivery provider outside China and is successfully operating in the UK, Germany, Sweden, Finland, Poland, Switzerland, India, Columbia and various other countries. They recently announced selling their South Korean subsidiary, food delivery app Yogiyo as a part of conditions set by Woowa brothers for the approval of US$ 4 billion takeover.
The Woowa deal covered the existing finances of Delivery Hero and the new investment will be used for increasing the financial flexibility of the company broadly. The global coordinators on the recent share offering include Morgan Stanley, HSBC Holdings Plc, Unicredit spa and JP Morgan Chase and Co.
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