Zap

Zap

E-commerce platform for food merchants

About Zap

Simplify's Rating
Why Zap is rated
C+
Rated D- on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Food & Agriculture

Fintech

Company Size

11-50

Company Stage

Seed

Total Funding

$1.4M

Headquarters

Manila, Philippines

Founded

2013

Overview

ZAP E-Store is an e-commerce platform that helps food and beverage businesses move online. It provides a complete solution for these businesses to accept, fulfill, and deliver orders through their own branded websites. The platform connects with delivery services like Grab and MrSpeedy, enabling same-day delivery options for customers. Users can easily place orders for immediate or scheduled pickups and deliveries. ZAP E-Store serves a wide range of clients, from small local restaurants to larger chains, and operates on a subscription model, earning revenue from platform fees and transaction commissions. The main goal of ZAP E-Store is to improve the efficiency of F&B businesses and enhance customer satisfaction by offering a smooth online ordering experience.

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Simplify's Take

What believers are saying

  • Increased demand for contactless payments boosts ZAP E-Store's market relevance.
  • Rise of ghost kitchens offers new opportunities for digital-first food businesses.
  • AI-driven analytics optimize operations and enhance customer satisfaction.

What critics are saying

  • Competition from platforms like Shopify threatens ZAP E-Store's market position.
  • Market saturation may reduce ZAP E-Store's share in the F&B e-commerce space.
  • Rising operational costs could impact profitability of the subscription model.

What makes Zap unique

  • ZAP E-Store specializes in F&B, offering tailored solutions for food merchants.
  • Integration with Grab and MrSpeedy enables efficient same-day delivery services.
  • Subscription-based model provides predictable revenue through platform usage fees.

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Funding

Total Funding

$1.4M

Below

Industry Average

Funded Over

2 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Below Average

Industry standards

$3.3M
$1.5M
Slack
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood

Benefits

Health Insurance

Wellness Program

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 3%

2 year growth

↓ -12%
e27
Mar 7th, 2022
Thai telco’s digital arm infuses Series A funding into Filipino loyalty platform ZAP

Filipino loyalty and e-commerce platform ZAP has secured an undisclosed amount in Series A funding from True Digital Group (TDG), the digital arm of Thai telco True Corporation.

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