Total amount raised
$11.5 Millions
Latest funding date
11/1/2023
Location
ZappFresh has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform specializes in delivering fresh meat and seafood directly from farms and fisheries.
Keep reading to explore the intricacies of ZappFresh's fundraising journey and the investors backing this innovative platform.
What Is ZappFresh?
ZappFresh, founded in 2015, is an online platform that delivers a variety of fresh meat and seafood directly from farms and fisheries. Based in Gurgaon, Haryana, India, the company ensures that all produce reaching the end consumer is fresh and of high quality.
The company was founded by Deepanshu Manchanda and Shruti Gochhwal. They have built a platform that not only offers fresh meat products like chicken, mutton, and specialty meats but also provides marinated and pre-prepared options for easy cooking.
With a team of 11-50 employees, ZappFresh continues to grow, focusing on delivering fresh, ready-to-cook, or ready-to-eat meat products to its customers.
How Much Funding Has ZappFresh Raised?
- Angel Round
- Amount Raised: ₹20M
- Date: October 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to launch the platform and establish market presence.
- Angel Round
- Amount Raised: $223.6K
- Date: August 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and increase customer base.
- Angel Round
- Amount Raised: $343.1K
- Date: February 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance delivery infrastructure and improve service quality.
- Angel Round
- Amount Raised: $69.4K
- Date: November 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and minor expansions.
- Seed Round
- Amount Raised: $3M
- Date: March 2018
- Lead Investors: Amit Burman
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up operations and enter new markets.
- Series A
- Amount Raised: $1.6M
- Date: February 2019
- Lead Investors: SIDBI Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and improve supply chain logistics.
- Series A
- Amount Raised: $2.2M
- Date: August 2019
- Lead Investors: SIDBI Venture Capital
- Valuation at Round: $22.9M
- Motivation Behind the Round: To enhance distribution capabilities and enter new geographies.
- Seed Round
- Amount Raised: $178K
- Date: May 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development and market expansion.
- Venture Round
- Amount Raised: ₹300M
- Date: November 2023
- Lead Investors: ah! Ventures, Heifer International, HT Media, Unity Small Finance Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund acquisitions, expansions, and infrastructure upgrades.
Total Amount Raised: $14M
Current Valuation: Not publicly disclosed
Key Investors
- Ah! Ventures
- Details: Ah! Ventures is a network of investors that provides funding and mentorship to startups. They have a strong focus on early-stage investments and support entrepreneurs through various stages of growth.
- Investment Focus Areas: Early-stage startups, various sectors.
- Notable Investments: Various early-stage startups across different sectors.
- HT Media
- Details: HT Media is a mass media company based in India, known for its newspapers, radio stations, and digital platforms. It operates prominent publications like Hindustan Times and Mint.
- Investment Focus Areas: Media, digital platforms, diverse sectors.
- Notable Investments: Investments in media and digital platforms.
- Unity Small Finance Bank
- Details: Unity Small Finance Bank is a small finance bank in India that provides financial services to underserved segments. It aims to promote financial inclusion through its various banking products.
- Investment Focus Areas: Financial services, banking.
- Notable Investments: Financial services and products for underserved communities.
- Heifer International
- Details: Heifer International is a global nonprofit organization focused on ending hunger and poverty through sustainable agriculture and community development. Their impact investment arm, Heifer Impact, supports projects that improve livelihoods.
- Investment Focus Areas: Sustainable agriculture, community development, poverty alleviation.
- Notable Investments: Projects related to sustainable agriculture and community development.
- SIDBI Venture Capital
- Details: SIDBI Venture Capital is a venture capital firm that focuses on funding small and medium enterprises (SMEs) in India. It is a subsidiary of the Small Industries Development Bank of India (SIDBI).
- Investment Focus Areas: SMEs, various sectors.
- Notable Investments: Investments in small and medium enterprises across different sectors.
What's Next for ZappFresh?
With a fresh infusion of ₹30 crore, ZappFresh is poised to seize significant opportunities in the meat delivery market. The company plans to expand its reach in North and South India, launch new product lines, and make strategic acquisitions. These initiatives are set to cater to the growing demand for diverse and ready-to-eat meat products, positioning ZappFresh for substantial growth.
Future fundraising rounds seem likely as ZappFresh scales its operations and diversifies its offerings. However, the company will need to navigate challenges such as intense competition, maintaining product quality, and managing supply chain complexities. Despite these hurdles, ZappFresh's strategic vision and recent profitability signal a promising trajectory ahead.
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