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Business Software Startup Zip Is Valued at $2.2 Billion (1)

Oct. 21, 2024, 3:51 PM UTC
Paayal Zaveri
Paayal Zaveri

ZipHQ Inc., a startup developing AI-powered software for businesses buying goods and supplies, has raised $190 million from investors at a $2.2 billion valuation.

The round was led by new investor BOND, with participation from firms including DST Global, Y Combinator and CRV. The new valuation is a significant bump from the $1.5 billion value investors gave the startup last year.

WATCH: Zip co-founder and CEO Rujul Zaparde discusses Zip finishing its latest series D funding round with $190M, boosting its valuation to over $2 billion. Source: Bloomberg

Zip’s technology helps organizations manage the process of buying goods and services. Founders Rujul Zaparde and Lu Cheng started the company after working together at Airbnb Inc., and witnessing how ...

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