New investors include founders of well-known brands like Epigamia (Rahul Jain and Uday Thakker), Renee Cosmetics, Beardo (Ashutosh Valani and Priyank Shah), Dr. Vaidya's (Arjun Vaidya; India Lead @Verlinvest), NOTO (Varun Sheth), and financial services group Ashika, among other angels.
In an official statement, the Delhi-based startup said it plans to use these funds to scale operations into South India, accelerate hiring, and build a robust tech platform.
ZFW helps D2C brands expand and fulfill orders in 30 minutes, 2 hours, and the same day using its network of tech-enabled dark stores across India. The startup, founded in 2020 by F&B entrepreneur Madhav Kasturia, currently services 20,000+ orders a month and is on track to achieve 50,000+ by end of this quarter.
Madhav Kasturia, Founder ZFW said, “COVID rapidly accelerated the emerging trend of direct orders for a huge segment of the e-commerce space. We’re building a strong dark store network for D2C brands who will ride this wave. ZFW is on track to grow 10X by the end of 2022.”
Rahul Jain, Founder of Epigamia, said, “In Madhav and team, we saw deep passion and courage to address inefficiencies in the increasingly competitive D2C market. A model that enables brands to reach more customers in the fastest possible time while solving for customer experiences, high RTOs, and profitability- is well-poised to capitalize on India's $100+ billion D2C Opportunity by 2025. We're delighted to partner with them in their next phase of growth.”
Arjun Vaidya, Founder, Dr. Vaidya’s, and India Lead, Verlinvest said, “From the time I first met Madhav in March ’21, I was very excited about ZFW. D2C enablement is going to be a massive space and ZFW solves a real problem of quick fulfillment for brands using unutilized spaces. It’s a clever business model that makes sense and I’m excited to see how it grows.”
Ashutosh Valani, Founder of Renee Cosmetics and Beardo (acq. by FMCG giant Marico) said, “ZFWis catering to a large and untapped opportunity of Quick D2C service in India with a clear path to scale to 50 cities in the next 2 years. Thrilled to seeso many consumer brands across new-age categories embrace their model.”
As part of its next phase, ZFW aims to launch 500+ dark stores across all major metro and mini-metro markets by the end of 2022.