Zipaworld Innovation plans to raise $0.5M on $14M valuation

Zipaworld Innovation plans to raise $0.5M on $14M valuation

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

Digital logistics startup Zipaworld Innovation on Friday said it is planning to raise USD 0.5 million (around Rs 3.8 crore) at a valuation of USD 14-million, in a beginning phase round of investment from angel investors from the pharma and chemicals industry. The startup intends to harness the funds to mobilise and speed up AI and ML-based coordinated operations and inventory chain services, expecting market patterns and risks as well as to support consequent research and development, among others, it said in a statement.

“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 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.

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
South Africa detects first case of Lassa fever since 2007
South Africa detects first case of Lassa fever since 2007
South Africa has identified an imported case of Lassa fever, a hemorrhagic virus harbored by rats and communicated to people. The infection is quick to be ...
Since the chairman supported CEO Gottstein, Credit Suisse claims 'nothing has changed'
Since the chairman supported CEO Gottstein, Credit Suisse claims ‘nothing has changed’
The change could come as early as this year, the report said, and some board members are increasingly worried that Gottstein does not have a handle on the ...
Thyssenkrupp's Warships Unit Observes Consolidation of German Shipyard Industry, Reports Welt am Sonntag
Thyssenkrupp’s Warships Unit Observes Consolidation of German Shipyard Industry, Reports Welt am Sonntag
“If the road to a European giant is still too difficult, a German champion could be formed first,” Oliver Burkhard was quoted by the newspaper as saying. ...
Musk says $44 billion Twitter the transaction was suspended due to false account data
Musk says $44 billion Twitter the transaction was suspended due to false account data
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk told his ...
The UK will delay its ban on the promotion of high-sugar meals
The UK will delay its ban on the promotion of high-sugar meals
“Pausing restrictions on deals like buy one get one free will allow us to understand its impact on consumers in light of an unprecedented global economic ...
US economic outlook weakens, inflation likely to persist
Japan consumer inflation in April surpasses central bank’s 2% target
The nationwide core consumer price index (CPI), which excludes volatile fresh food costs but includes energy costs, is projected to have risen 2.1% in April ...
Global equities rise as US and European markets rally
Global equities rise as US and European markets rally
But investors’ fears over whether U.S. Federal Reserve Chair Jerome Powell can accomplish a “soft landing” – bringing inflation down while keeping the U.S. ...
TMC believes that the prime minister should resign if he cannot guarantee the country's economic recovery
TMC believes that the prime minister should resign if he cannot guarantee the country’s economic recovery
The BJP was quick to hit back, accusing the TMC of pushing West Bengal into a ”debt trap”. Talking to reporters, Ray said, ”The country has never witnessed ...
Stelis Biopharma asks PM Modi for vaccines after failing to sell Sputnik Light shares
Stelis Biopharma asks PM Modi for vaccines after failing to sell Sputnik Light shares
The Drugs Controller General of India (DCGI) had granted emergency use permission to Sputnik Light, subject to certain regulatory provisions, in February ...
After a strong sell-off, investors look for signs of a market bottom
After a strong sell-off, investors look for signs of a market bottom
Despite those losses, many widely followed indicators do not yet show the pervasive panic, supercharged volatility and outright pessimism that have emerged ...
Show next
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo