What Happened to Zypp Electric After Shark Tank India?

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What is Zypp Electric?

Zypp Electric is an EV logistics company. It has launched a vehicle called Zypp Cargo. With one 1 single charge, it can cover 120 km. The load capacity is 250 kg.

The founders of Zypp Electric want to make it a unicorn.

Who is the Founder of Zypp Electric?

Akash Gupta & Rashi Agarwal are the founders of Zypp Electric. They are from Gurgaon. They wanted to solve rising pollution & climate change in society.

Akash is from Jaipur. He worked in companies like Dell, Airtel, and Snapdeal. Rashi Agarwal is a state-level table tennis champion. She previously led a startup herself.

They are making the delivery segment eco-friendly. They’re using electric vehicles to do those deliveries, that way, they are making less pollution too.

Zypp Electric Before Shark Tank India?

They started the company back in 2017. Now Zypp Electric has 2000 electric vehicles under its name. It’s available in 9 cities. It makes 10,000 daily deliveries.

Out of 2000 EV bikes, 1600 are running in Delhi. They are also expanding slowly in Mumbai, Pune, Bangalore, and Hyderabad.

How much money did they ask for on the pitch?

They came to Shark Tank India seeking ₹2.2 Crores for 1% equity in the company Zypp Electric. Which gives the company a valuation of ₹220 Crores.

How much money did they raise for Zypp Electric?

They’ve raised money in 4 rounds.

TimeMoney Raised
2017₹1.5 Crore
2018₹1.5 Crore
2019₹15 Crores
2021₹40 Crores

They’ve diluted 45% of the company.

How to get Zypp Electric?

If you want to get a Zypp Electric bike, then you can simply go to their website and order one.

Unit Economics of Zypp Electric

Zypp Electric manages only delivery. They charge ₹40 per delivery. The cost per delivery is ₹30. Their contribution margin is 25%. Their EBITDA is negative 30%. Their monthly burn is ₹60 Lakhs.

Price of Zypp Electric

Zypp Cargo making cost₹55000
Zypp Cargo selling price₹75000

What are the Annual Sales of Zypp Electric?

Their monthly revenue is ₹2 Crores.

Which shark gave Zypp Electric an offer?

Namita Thapar was out. She didn’t like the monthly burn of the company. That’s why she didn’t give any offer.

Vineeta Singh was out. She found the valuation too high and the business model too risky.

Anupam Mittal was out. He thought the business was commoditized. He thought they came to Shark Tank India not for money, but for exposure.

Ghazal Alagh was out. She didn’t know how to grow the business to the next level and help them out.

Peyush Bansal was out. He was impressed with the product, and he was on the verge of investing in the business. But later he decided not to.

What deal did Zypp Electric get in Shark Tank India?

Zypp Electric didn’t get any deal in Shark Tank India.

Company Name Zypp Electric
Founders Akash Gupta & Rashi Agarwal
Asked Amount ₹2.2 Crores for 1%
Final DealNo Deal
SharkNo Shark
Company Net Worth ₹220 Crores
Company Website zypp.app
Company Status In Business

What is the net worth of Zypp Electric?

The net worth of Zypp Electric is ₹220 Crores.

Is Zypp Electric still in Business?

Yes, Zypp Electric is still in the delivery business.

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