Shopping assistant startup Zave raises Rs 4.7 Cr Bridge funding from IPV

In a bridge investment round headed by Inflection Point Ventures and included Mucker Capital, AI shopping assistant startup Zave has raised Rs 4.7 crore.

In order to sustain its reported 50% month-over-month growth, the new funding will be utilized to fortify its AI-powered offering, develop its AI capabilities, and increase platform infrastructure and scalability.

Zave is an AI-native shopping assistant that was founded in late 2024 by Hiren Patel and Ravi Kumar to assist customers in finding products, comparing pricing, and making judgments about what to buy on various e-commerce platforms. The startup connects to over 5,000 brand websites, including Flipkart and Amazon.

The startup claims that their AI-powered recommendation engine has enabled over Rs 15 crore in monthly transactions, with over 500,000 app installs and 50,000 daily active users.

Without needing customers to navigate between different e-commerce platforms, its technology provides alternatives, better offers, and product insights based on real-time understanding of consumer intent.

By making it easier for customers to find products and make purchases, the business hopes to become a worldwide shopping assistant.