Zippee an emerging ecommerce fulfilment platform has successfull raised an undisclosed amount of funding in a recent round with participation from Haldiram that in itself is a renowned snacking giant as well as other prominent angel investors. The funding round also attracted institutional investors like FounderBank Capital, PiperSerica, and Misfits Fund. Notable angel investors in the round include Ashneer Grover, Kunal Shah of CRED, Mr. Bansal of Lenskart, Prashant Pitti from EaseMyTrip and Aakash Anand of Bella Vita Organic.
The newly acquired funds will form a important role in expanding Zippee's presence to 15 additional cities including upgradation of their technologies and scaling up its workforce across various verticals. With this investment Zippee aims to focus on its mission to democratize Amazon grade logistics for over 100,000 ecommerce brands till upcoming 2025.
Founder Madhav Kasturia expressed his enthusiasm regarding the funding, stating, "We're excited to have an icon like Haldiram's and more of our nation's best known founders place their conviction towards our mission."
Zippee earlier known as ZFW Dark Store that used to be the startup child of Madhav Kasturia in 2021. The platform empowers direct to consumer (D2C) brands through enabling same day deliveries to their ecommerce customers. After integrating their online stores with Zippee's ecommerce fulfilment platform, D2C brands can efficiently initiate same day deliveries through the startup's expansive darkstore network.
Before this funding round Zippee had raised a total of $1.7 million in previous funding efforts. The startup has garnered support from various investors including US based logistics fund Riso Capital and South Asia Tech Partners etc.
With a growing roster of esteemed customers such as The Face Shop, Epigamia, Clinikally, Power Gummies, Anveshan, SEPOY&CO and Haagen-Daaz, Zippee has made significant strides in the ecommerce fulfilment space.
The domestic D2C market has witnessed remarkable growth in recent times that is fueled because of surge in online shopping amid the COVID-19 pandemic. As ecommerce penetration continues to rise our ecommerce brands are seeking efficient and reliable means to deliver their products faster. This demand has propelled the growth of the ecommerce fulfilment segment, projected to reach a market value of $55 billion by the end of the financial year 2021-22 (FY22).
Zippee's latest funding milestone positions the startup as a champion in the evolving ecommerce fulfilment landscape. With the support of Haldiram's and a group of renowned investors, Zippee is poised to revolutionize logistics for the fast running D2C sector, facilitating seamless and expedited deliveries for ecommerce brands across India.