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Zippee secures $1.6 million funding for service expansion

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Zippee, a Gurgaon-based platform specializing in same-day delivery services has raised $1.6 million (Rs 13 crore) in funding from Halriram Products, Founder Bank Capital, Piper Serica, and Misfits Fund.

Zippee secures $1.6 million funding for service expansion – Alto Nivel

Angel investors including Ashneer Grover, Kunal Shah, Piyush Bansal, Prashant Pitti, and Aakash Anand also participated in the funding round.

The start-up will utilise the funds on technology development and expansion of services across India.

Commenting on the funding, Madhav Kasturia, founder of Zippee in a statement said, “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.”

“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,” he added.

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, and Haagen Daaz among many others.

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