Zapp snaps up $200M to supersize its instant grocery play
https://techcrunch.com/2022/01/27/zapp-snaps-up-200m-to-supersize-its-instant-grocery-play/
Zapp, the instant grocery delivery startup that launched in 2020 in London, has picked up a substantial round of funding to go head-to-head with Getir, GoPuff, Jiffy, Deliveroo and the many others hungry for a share of the on-demand convenience market. It has raised $200 million, a Series B round of funding that Zapp said it will use both to beef up its presence in its home market, and to expand into what co-founder and de-facto head Joe Falter describes more “mega cities”. In addition to London, Zapp is currently live in Manchester, Cambridge, Bristol, Amsterdam, Rotterdam and is running a soft launch in Paris.
Zapp said the round is being co-led by Lightspeed, 468 Capital, and BroadLight Capital, with Atomico, Burda and Vorwerk Ventures — all previous backers — also participating, alongside Sir Lewis Hamilton, the Formula One champion (and thus, I guess, a pretty apt piece of branding for a company that sells itself on “super fast” service).