VC Fund Investments
Last mile delivery enabler ZFW Dark Stores raises $1.2-M
New Delhi-based ZFW Dark Stores, a “full-stack†fulfilment technology platform that helps direct-to-consumer e-commerce brands sell their goods to end consumers, has raised USD 1.2. million in a seed round from Riso Capital, SEA Fund, Lead Fund, apart from angel investors. New investors include Qudrah National Holdings, Archana Priyadarshini (Point One Capital), South Asia Technology Partners, Long Tail Ventures, Jasminder Gulati (Founder, NowFloats), Mohit Sadaani of The Mom's Co, Rage Coffee's Bharat Sethi, Amar Chhabra of Neema's, and Ankur Bhatia, founder Jimmy's Cocktails. Existing investors such as ice.vc, Mumbai Angels, and Arjun Vaidya also participated in the round. With the new funds, the startup will expand its dark store network to 10 cities across India this year, and for hiring, and building more technological capabilities. ZFW helps direct-to-consumer brands fulfil last-mile orders to customers through its network of dark stores across India. It had previously raised USD 415,000 in pre-seed funding from Indvest Family Office, Runwal Group, apart from founders of brands such as Epigamia, Beardo and The Face Shop.
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