Zapmart

About Zapmart

Zapmart operates as an online hyperlocal marketplace for groceries, specifically targeting the Mumbai area. The company was established in 2015 by its founders, Zuned Khan and Parvez Siddique. The legal entity associated with the brand is G N Retail Services Private Limited, which was incorporated in February 2015.

The business functions on a hybrid model, incorporating both a direct inventory system and a marketplace-style platform. This structure allows Zapmart to offer a wide range of products while managing its own stock. The company's primary service is delivering groceries and household goods directly to consumers. Initially, its delivery operations were concentrated in South Mumbai, from Colaba to Bandra, with a promise of delivery within two hours of an order being placed. As of August 2016, the platform offered over 5,000 daily use products to a customer base of more than 6,000 individuals in Mumbai.

In August 2016, Zapmart secured $448K in a seed funding round from high-net-worth individuals. This capital was intended to enhance the company's technology infrastructure and logistical capabilities within Mumbai. Following this, the company announced plans to raise a $10 million Series A round to fund geographical expansion into Pune and for the development of new technology aimed at creating 'smart kitchens'. However, according to PitchBook data, the company is now listed as out of business as of February 2021.