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.
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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”.
