Series E Funded Commerce and Shopping Startups
The 19 Series E rounds in this segment span from January 2021 through May 2023, with the heaviest concentration falling between September 2021 and January…
The 19 Series E rounds in this segment span from January 2021 through May 2023, with the heaviest concentration falling between September 2021 and January 2022. That five-month window accounts for 11 of the 19 rounds, including Kavak's $700M raise from Mexico City, Mirakl's $555M and Back Market's $510M both out of Paris, and Bolt's $355M in San Francisco.
India accounts for seven of the 19 companies — the largest single-country contingent — with particular density in Gurgaon, where Cashify, Spinny, and CarDekho are all headquartered. ElasticRun (Pune, $303M) and Shiprocket (New Delhi, $33M) add supply-chain and logistics exposure. The US contributes five companies ranging from Roofstock's $240M real-estate commerce round in Oakland to Locus Robotics' $50M warehouse automation raise in Wilmington. Round sizes across the full dataset range from Cashify's $7M to Kavak's $700M, a spread that reflects both geographic diversity and the variation in how different markets define Series E maturity.
Most recent rounds
19 shownRelated listings
Frequently asked
What are the largest Series E rounds in this segment?
Kavak (Mexico City) leads at $700M, followed by Mirakl (Paris, $555M), Back Market (Paris, $510M), Bolt (San Francisco, $355M), and ROKT (New York, $325M). All five of those rounds closed between September 2021 and January 2022.
Which country has the most Series E commerce companies in this dataset?
India accounts for seven of the 19 companies, including three Gurgaon-headquartered firms — Cashify, Spinny, and CarDekho — plus ElasticRun (Pune), Shiprocket (New Delhi), ZoomCar (Bangalore), and Hopscotch (Mumbai). The US is second with five companies.
When did the bulk of these Series E rounds close?
Eleven of the 19 rounds closed between September 2021 and January 2022. Activity tapered after that, with five rounds between February and August 2022 and two more in 2023 — Raisin (Berlin, March 2023) and Hopscotch (Mumbai, May 2023).
Which commerce subsector appears most often at Series E in this data?
Used and new vehicle marketplaces account for five of the 19 companies: Kavak (Mexico), Carsome (Malaysia), Spinny, CarDekho, and ZoomCar — the latter three all India-based. Logistics and fulfillment infrastructure is also well-represented, with ElasticRun ($303M), Locus Robotics ($50M), and Shiprocket ($33M) all reaching Series E.
How do round sizes compare between US and India-based companies in this set?
US-based rounds cluster between $50M and $355M — Locus Robotics ($50M), GrubMarket ($200M), Roofstock ($240M), ROKT ($325M), and Bolt ($355M). India-based rounds span a much wider range, from Cashify's $7M to ElasticRun's $303M, with five of the seven falling under $300M.
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