Zipaworld Innovation aims to raise $0.5M on a valuation of $14M

Zipaworld Innovation aims to raise $0.5M on a valuation of $14M

Besides, the funds will be utilised to bolster the infrastructure; workforce expansion; global market penetration and elaboration of international network, it added. ”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, a digital logistics firm, announced on Friday that it plans to raise USD 0.5 million (about Rs 3.8 crore) in an early-stage round of funding from angel investors in the pharmaceutical and chemical industries. The money will be used to mobilise and expedite AI and ML-based logistics and supply chain services, as well as to forecast industry trends and risks and assist subsequent research and development, according to the company.

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.

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.

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