ZFW raises $1.2m seed round from Riso Capital, SEA Fund, & strategic angels
ZFW raises $1.2m seed round from Riso Capital, SEA Fund, & strategic angels

ZFW Dark Stores, a full-stack fulfilment technology platform for E-commerce brands has raised a $1.2m Seed round from Riso Capital, SEA Fund, Lead Fund, and a clutch of marquee founder-angels.

New investors also include Middle East conglomerate Qudrah National Holdings, Archana Priyadarshini (GP, Point One Capital), South Asia Technology Partners, Long Tail Ventures, Jasminder Gulati (Founder, NowFloats; acquired by Reliance), and founders of India’s fastest-growing brands like The Mom’s Co (Mohit Sadaani), Rage Coffee (Bharat Sethi), Neeman's (Amar Chhabra), Jimmy’s Cocktails (Ankur Bhatia), Letsbuy.com (Amanpreet Bajaj), Thrive (Karan Chechani and Dhruv Dewan), Almo (Abhishek Shah), and Aman Arora (Keventers) among other angels. Existing investors like ice.vc, Mumbai Angels, & Arjun Vaidya (Founder, Dr. Vaidya’s) participated in the round too.

With these funds, the Delhi-based startup said it plans to grow dark store operations across India, accelerate hiring, & build more technological capabilities to create a seamless delivery experience.

“Our technology platform empowers new-age brands that want to sell through their own channels & offer a superior Amazon-like Same-Day Delivery experience to customers without breaking the bank or worrying about risks associated with over-dependence on E-commerce platforms (low margins, lack of control, & data). Solving for pain points in fulfillment like high RTOs, low customer delight, & margins is at the core of what we do,” shared Madhav Kasturia of ZFW Hospitality.

It previously raised $415,000 in pre-seed funding from Indvest Family Office, Runwal Group, and founders of Epigamia, Beardo, The Face Shop, NOTO, etc.

ZFW Dark Stores helps D2C brands fulfill orders to customers in 30 minutes, 2 hours, & Same Day through its network of dark stores and last-mile delivery across India. The tech-stack integrates with a brand’s existing platforms to provide complete visibility into supply-chain operations & customers.

The startup, founded in 2021 by cloud kitchen entrepreneur Madhav Kasturia, currently operates 150+ dark stores across India with brands across F&B, Personal Care, and Consumer Goods as customers like Rage Coffee, Clinikally, Epigamia, Jimmy’s Cocktails, HUL, Havmor Ice Cream, and Vadilal among others.

“We’re super excited to back Madhav & team- as they work towards scaling the dark warehousing market. Their disruptive 3-way integrated tech-stack and automation platform enable Tier 1/2 brands across India to cater to the rapidly growing D2C market expected to reach $100B by 2025,” added Sri Purisai, Founding Partner of Silicon Valley-based VC firm Riso Capital, said.

As part of its next phase, ZFW Dark Stores aims to expand to 10 cities across India by end of 2022.

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