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Lewis Hamilton backs delivery start-up Zapp in $200 million raise

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…

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Lewis Hamilton backs delivery start-up Zapp in $200 million raise

28 January, 2022 | by Angela Beevers

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 start-up is part of a growing number of “quick commerce” companies vying to win a share of Londoner’s wallets in the post-pandemic era.

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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.

Steve O’Hear, Zapp’s head of strategy, said the company’s sweet spot was “last minute socialising or life savers such as over the counter medicine or nappies at 2am.”

Angela Beevers Director of Content & Events Strategy

Angela Beevers is Director of Content & Events Strategy at The Retail Bulletin, where she has worked since 2011. She leads the publication's news team and oversees its daily coverage of the UK retail sector, from breaking developments to the early-morning release of retailers' trading updates and financial results. Over more than 15 years at The Retail Bulletin, she has interviewed many of the industry's most innovative founders and leaders. She also shapes content for The Retail Bulletin's events and leads delegate engagement for its most high-profile events. Her areas of focus include: Retail news · Trading updates and financial results · Retail leadership · Industry events

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