Zippee, a Gurgaon-based platform specializing in same-day delivery services, announced that it has successfully raised $1.6 million in new funding. The funding round saw participation from Haldiram Products, along with renowned angel investors including Ashneer Grover from BharatPe, Kunal Shah from CRED, Piyush Bansal from Lenskart, Prashant Pitti from EaseMyTrip, and Aakash Anand from Bella Vita Organic. Notable venture capital firms such as FounderBank Capital, PiperSerica, and Misfits Fund also joined the round.

Previously known as ZFW Dark Stores, the startup had previously raised $1.7 million from investors including Riso Capital, South Asia Tech Partners, and a group of startup founders. Zippee, founded in 2021 by Madhav Kasturia, enables direct-to-consumer brands to offer same-day deliveries through their own websites. The company has established partnerships with renowned brands such as The Face Shop, Epigamia, Clinikally, Power Gummies, Anveshan, SEPOY&CO, and Haagen Daaz. By integrating their online stores with Zippee’s e-commerce fulfillment platform, brands can facilitate same-day deliveries using Zippee’s extensive network of 170 dark stores located in major Indian cities such as Delhi, Bengaluru, Mumbai, Pune, and Hyderabad.

Madhav Kasturia highlighted the impact of same-day deliveries on brand performance, stating, “We have observed significant improvements in web conversions and repeat purchases when brands integrate same-day deliveries into their customer journeys, with potential increases of up to 95 percent.” He emphasized that many progressive direct-to-consumer (D2C) brands in India aspire to offer same-day deliveries but face challenges due to limited resources, technology, and infrastructure. Kasturia stressed that Zippee fills this gap by providing a solution. With the newly secured funding, Zippee plans to expand its same-day delivery services to fifteen cities, enhance its technology platform, and scale its hiring efforts.

Avendus Capital, the investment banking arm of Avendus Group, estimates that direct-to-consumer (D2C) brands in India have the potential to tap into a $100 billion consumer opportunity by 2025, underscoring the significant market potential for such services. Zippee’s latest funding round, backed by prominent investors and industry leaders, demonstrates the growing recognition of the startup’s potential and the importance of same-day delivery services in the Indian market. The company’s expansion plans and focus on technology will position it to capitalize on the increasing demand for efficient and reliable last-mile delivery solutions.