Zefo is an online managed marketplace in India that buys, refurbishes and resells secondhand furniture, home appliances and mobile phones. Unlike peer-to-peer marketplaces, Zefo provides sellers with a quoted price after a quality check, pays cash, picks up items and refurbishes them before listing. Buyers receive a return policy and a buyback guarantee of up to 70 percent. Zefo operates in Bangalore, Mumbai and Delhi and claims to have served 150,000 customers since its 2015 founding while listing about 10,000 products. The company positions its managed marketplace as addressing a white-space in India’s online used-commerce market and says it has achieved strong growth and product-market fit. Financially, Zefo has raised almost $16 million to date, according to Crunchbase. Zefo is a Bengaluru-based used goods marketplace. The company operates a platform for buying and selling pre-owned items. It has raised Rs40 crore (approximately $6 million) in a funding round. The round was led by Sequoia India. Participation came from Beenext and existing investor Helion Venture Partners. The article does not disclose valuation, use of funds, or operating metrics such as revenue or user numbers.

Total raised

$15M

Funding rounds

2

Latest round

Series B

Latest activity

Oct 2017