Baby Care Platform OZi Raises $3.3M in Investment Round Led by Blume

Baby Care Platform OZi Raises $3.3M in Investment Round Led by Blume

Three points you will get to know in this article:

1. OZi has raised $3.3 million in its initial fundraising round, which was headed by Blume Ventures.
2. In addition, Huddle Ventures, Bipin Shah’s Zeropearl VC, Untitled, and other angel investors participated in the startup’s initial investment round.
3. Among other brands, the business says it sells products from Nestle, Huggies, Chicco, and Cetaphil. Both iOS and Android users can download its app.

Details of OZi's Initial Fundraising

OZi, an infant care rapid commerce platform situated in Delhi NCR, has raised $3.3 million in its initial fundraising round, which was headed by Blume Ventures.  Huddle Ventures, Bipin Shah’s Zeropearl VC, Untitled, and other angel investors also participated in the startup’s initial investment round, creator Amit Sah told Inc42.

Angel investors who took part in the round included Abhinav Sinha (COO of OYO and founder of Kluizz), Gaurav Ajmera (CBO of Pristyn Care and founder of Vetic), Dhyanesh Shah (cofounder of Mosaic Wellness), Gian Singh (cofounder of Mi Arcus), Ramakant Sharma (cofounder of Livspace), and Naman Mawandia (cofounder of magicpin).

What OZi Does and Who is Behind It

OZi was established by serial entrepreneur Amit Sah and provides baby supplies, such as clothing, diapers, and toys, in less than 30 minutes.  The startup’s founding team, which includes Arushi Arora (formerly of Urban Company, BCG) and Charishma Motwani (formerly of Cars24, BCG), offers extensive experience from top consumer and IT organizations.

OZi began operations in September and presently ships its goods to Gurugram.  The money will be used to boost SKUs and extend operations to additional locations.

Among other brands, the business says it sells products from Nestle, Huggies, Chicco, and Cetaphil.  Both iOS and Android users can download its app.

OZi's Competition in the Rapid Commerce Space

OZi is a direct rival to Bengaluru-based Peeko, which was led by Stellaris Ventures Partners and raised $3.2 million last month.  All of the main rapid commerce systems, including Zepto, Instamart, Blinkit, and BigBasket, are also indirect competitors of the firm.

The fundraising event coincides with the rising usage of quick commerce platforms.

The participants in this market are actively raising money to satisfy the growing demand.  According to reports last week, Zepto, which was last valued at $5 billion, was negotiating a $450 million deal with US pension fund Calpers and General Catalyst at a $7 billion valuation.

A number of specialty companies are also sprouting to cater to particular categories as big startups move beyond groceries in an effort to increase their proportion of consumer spending.

For example, Swish delivers appetizers in ten minutes, while Slikk, KNOT, and ZILO concentrate on clothing.

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