Zipaworld plans to raise more than Rs 3.8 crore at the beginning of the funding phase

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Zipaworld plans to raise more than Rs 3.8 crore at the beginning of the funding phase

“As per our strategy, we planned to be investor-ready by the start of the current financial year and we have been able to stick to our strategy. This financial year, we are contemplating an investment of USD 5-million, as we look forward to scaling up growth and expansion globally,” said Ambrish Kumar, Founder-CEO, Zipaworld Innovation Pvt Ltd.

Zipaworld Innovation is the logistics start-up venture of the Delhi-based parent company, AAA 2 Innovate. The company serves over 25,000 PIN CODES pan-India.

Story Highlights

  • Besides, the funds will be utilised to bolster the infrastructure; workforce expansion; global market penetration and elaboration of international network, it added.

  • Zipaworld said it has remained self-funded that happens to be a part of their business strategy, adding that while research, development and upgrading technology is a constant process, the company is developing an integrated multi-modal logistics online platform for the users before any kind of investments could be pursued.