PE Fund Investments
Logistics startup Zipaworld Innovation to raise $500-K at $14-M valuation
Digital logistics startup Zipaworld Innovation is planning to raise USD 0.5 million (around INR 3.8 crore) at a valuation of USD 14-million, in an early-stage round of investment from angel investors from the pharma and chemicals industry. Zipaworld is the logistics venture of the Delhi-based AAA 2 Innovate. The company serves over 25,000 PIN codes pan-India. The company is developing an integrated multi-modal logistics online platform for the users. The startup plans to harness the funds to mobilise and accelerate AI and ML-based logistics and supply chain services, as well as to support consequent research and development. Besides, the funds will be used to bolster the infrastructure, workforce expansion, market penetration and elaboration of international network.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
