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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… View Article

FOOD AND DRINK NEWS UK

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 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.

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.”

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