The Bangalore-based startup GoZefo, which is an online marketplace for refurbished products, has raised INR 21 Cr (approximately $3 million) in a fresh round funding led by New York’s stage-agnostic investment firm F J Labs, an exclusive report by Techcircle stated. F J Labs is an investment venture founded by Fabrice Grinda, co-founder of OLX.
At the moment, F J Labs has put in close to INR 10 Crore and the rest has been backed by existing investors Sequoia Capital and Helion Venture Partners, the Techcircle report further added.
Responding to the development, GoZefo co-founder Rohit Ramasubramanian said “The OLX co-founder is a very relevant investor for us. It was more of a chance to get him on board. It is strategic capital for us”.