India, Aug. 26 -- Former Leap Finance executives' babycare-focussed quick commerce venture, Peeko, has emerged out of stealth mode and raised $3.2 Mn (INR 28 Cr) in its seed round led by Stellaris Venture Partners.

The round also saw participation from angel investors such as Lightspeed partner Maninder Gulati, Abhishek Goyal of Tracxn, Uni cofounder Nitin Gupta, Arjun Vaidya of V3 Ventures, and Titan Capital cofounders Kunal Bahl and Rohit Bansal.

Speaking with Inc42, Peeko cofounder Chetan Sharma said that a chunk of the capital will be utilised for building the right product assortment for consumers. He added that the startup will use the funds to enhance its 'try and buy' feature, upgrade logistics and enable instant return. A porti...