India: Used goods platform Zefo raises $6m from Sequoia, others

Bengaluru-based used goods marketplace Zefo said on Monday it has raised Rs40 crore (approximately $6 million) in a funding round led by venture capital firm Sequoia India, with participation from Beenext and existing investor Helion Venture Partners.

Zefo is a marketplace to sell and buy used goods, currently serving two categories—appliances and furniture. Present in Bengaluru, Mysore, Delhi, Gurgaon, Noida and Mumbai, the company currently offers televisions, refrigerators, washing machines and microwaves under the appliances category and beds, sofas, dining tables, etc. in the furniture category.

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