ZIPGRID, a unique community services platform that provides comprehensive technology-led services to housing and commercial communities, has raised more than $200,000 in equity financing from 1Crowd, an ecosystem for startups.
ZIPGRID, Co - Founded by Jaydip Popat (formerly with Firstsource Solutions) & Kunal Gupta (formerly with Mapletree Investments), has footprints in Mumbai and Ahmedabad, and currently serves over 70 housing communities. The range of services includes Accounting & Finance, Compliance & Control Management solutions. The core offering is driven by knowledge, technology, a robust process control framework and a centralized processing hub. ZIPGRID community solutions optimize costs, deliver convenience and combined with collective commerce solutions; delivers significant cost savings and value addition. ZIPGRID is now looking to expand its footprint and invest in strengthening technology and operations.
“72% of consuming households in India reside in top 49 urban agglomerations of India and 2/3rd of these households are part of organized housing communities. We are preparing ourselves to take on the immense untapped opportunity of collective consumption at the gates of these communities by creating value for all stakeholders involved. Partnering with 1Crowd has brought us a few steps closer to our mission,” said Mr. Kunal Gupta – Co-Founder, ZIPGRID.
“ZIPGRID brings innovation, professionalism, organisation and efficiency using technology and knowledge to an orphaned sector otherwise plagued by apathy. Our philosophy at 1Crowd is to foster an ecosystem from incubation to success and invest in innovative start ups that seek to solve real problems bringing improvement, convenience, and efficiency to our daily lives. We are sector agnostic and work with both B2C and B2B start ups. ZIPGRID has greatly benefited from our wide investor base and our strategic engagement," said Natasha Kothari, co-founder of 1Crowd.
1Crowd is an ecosystem for start-ups providing investors opportunities to invest in Indian start-ups and early stage ventures that have been curated by a team of professionals with wide ranging experience. 1Crowd's differentiated model includes co-investment and engaging with portfolio companies in areas of organisation building, strategy and importantly in sales and marketing, making it a partner of choice for startups and investors alike.