Rapid grocery delivery start-up Zapp raises $200 million

Rapid grocery delivery start-up Zapp has raised $200 million in a Series B funding round.

Zapp, founded in 2020, offers customers delivery times of as little as 20 minutes.

The funding round was co-led by Lightspeed, 468 Capital, and BroadLight Capital.

Previous backers Atomico, Burda and Vorwerk Ventures also participated, alongside Formula One champion Lewis Hamilton.

Zapp’s service is currently operating in London, Bristol, Amsterdam, Rotterdam, Manchester, Cambridge, and it is currently trialling its service in Paris.

The start-up said the investment will go towards building its infrastructure and that it plans to open more “dark stores” in Canary Wharf and Kentish Town.

The news comes as the rapid delivery space continues to see growth and investment in the UK.

Earlier this month, grocery delivery company Getir pledged to create 6,000 new jobs during 2021.

Rapid food delivery firm Gorillas has raised just under $1 billion in its latest funding round in October, led by Berlin-based delivery firm Delivery Hero.

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