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Rapid-Delivery Startup Zapp Raises $200 Million for Supply Chain

  • U.K. company is vying to deliver goods within 15 minutes
  • Investors include Lightspeed, 468, BroadLight and Atomico
A Zapp worker picks items for an order.

A Zapp worker picks items for an order.

Photographer: Paul Grover/Zapp

U.K. rapid-delivery startup Zapp has raised $200 million in new funding to build out a supply chain that delivers items to consumers in minutes, giving the company fuel to continue expanding in a competitive and consolidating market.

Zapp was backed in the round by lead investors Lightspeed Venture Partners, 468 Capital and BroadLight Capital, with Atomico, Burda and Vorwerk Ventures joining as well, the company said in a statement Friday. Formula One star Lewis Hamilton also came aboard as an investor.