Bengaluru-based ZopNow raises Rs 62 crore in fresh round of funding

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Online grocer Zop-Now has raised $10 million which when converted accounts for Rs 62 crore.This was an outcome of a funding round led by San Francisco-based Investment Group Dragoneer along with existing investors Accel Partners, Qual-Comm Ventures and Times Internet which are also investing.Bengaluru-based ZopNow, estimated to be valued at around $50 million, will use the money primarily to expand to more cities.

Mukesh Singh founder of the online grocery store Zop-Now said that “We will be expanding to about 15 cities, and continue to invest in technology and hiring,”In a nutshell, Zop-Now intend to expand their business empire and cater to serve people across 15 metropolitan cities.This would in turn lead to a boost in employment sector and also aid in technological advancements.All in all this Rs.62 crore funding would enable and ensure optimum business expamsion and subsequently higher turnover for the company.

websitewww.zopnow.com

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Viral Mange
A Bachelor of Mass Media by Education and an avid learner by passion. Excited about startup ecosystem, he chose to live the life of an entrepreneur. he is currently the Editor at IdeapreneurIndia.com