Posted on 08 September, 2022
Zephyr Peacock invests in small and medium sized enterprises operating across financial services, food and agriculture, and infrastructure ancillaries sectors. The Fund has made a follow on investment in ZippMat, a provider of tech-enabled supply chain services to construction companies
Commenting on the investment, Pankaj Raina, Managing Director, Zephyr Peacock, added, “ZippMat is growing as a SCaaS (supply chain as a service) by disrupting a $300 billion industry. What made us believe in Kudva and Hasbi was their passion to solve a crucial problem by developing a full- stack solution to serve the construction industry. Having run engineering companies, they showcased a proven track record in this space, and they understood the need of the hour. In a short span of 6 to 7 months they have developed an extensive curated supplier and logistics partner base. We are confident that with their focus on digitizing the supply chain, ZippMat will establish itself as one of the largest supply chain companies in the construction space."
Below is an excerpt from the post that first appeared on The Economic Times on 8 September 2022:
ZippMat, a service platform for construction supply chain, has raised $10 million in equity and debt round led by Matrix Partners India.
Existing investor Zephyr Peacock also participated in the equity financing, while HDFC Bank and TradeCred took part in the debt funding.
The Bengaluru-based startup will utilise the latest funds to scale up its user base, digitise the supply chain, bring in the product innovation, and expand its team from the current 25 people.
The debt component will enable the startup to provide working capital solutions to contractors, cofounder Abhijeet Kudva said.
The startup, founded in 2021 by Kudva and Nandeesh Hasbi, simplifies material procurement for engineering and construction companies by leveraging its suppliers and logistics network.
Zephyr Management is a global emerging markets investment manager, specializing in the creation and management of highly focused private equity funds
Since its inception in 1994, Zephyr has sponsored and/or managed 26 investment funds in both public and private securities markets representing approximately $1.2 billion in combined commitments and assets under management
Emerging Markets Focus
The firm has initiated several private equity funds investing in several African countries, South Korea, Mexico, India, and Sri Lanka since its founding. Zephyr's funds serve medium size enterprises that are often ignored by larger private equity players. Zephyr funds provide growth capital to established companies with proven business models and sustainable competitive advantages.
Investment activities are currently focused on India, Sri Lanka and Africa.
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Zephyr Peacock India provides equity financing for fast growing, small to medium sized companies led by strong entrepreneurs and management teams.Read More
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The firm's special expertise lies in bringing global best practices to medium-sized growing companies by assisting them in conceptualizing sustainable business strategy, management development, compensation, ESG, expansion outside of their home country, capital structure and positioning for stock exchange listing or trade sale.