Diligence memo · auto-generated · as of July 2, 2026
Zulzi
Zulzi looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Zulzi operates in Ecommerce / Retail, based in Johannesburg, Africa. SA grocery delivery startup Zulzi banks $1.6m funding 0 By Tom Jackson on May 12, 2020 News , Southern Africa South African on-demand grocery delivery startup Zulzi has raised ZAR30 million (US$1.6 million) in funding to grow its team and expand operations. The Johannesburg-based Zulzi , which went live at the end of 2016, started life as an e-commerce business focused on students, but after strong initial demand has grown into an on-demand delivery platform that enables anyone to order groceries and get their order delivered within an hour.
Sub-sector tags: ecommerce/retail.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Zulzi has raised $1.6M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.6M on 2020-05-12.
Most recent recorded round closed around 2020-05-12.
Valuation (modeled)modeled
Provath models Zulzi at approximately $10M (range $1.3M–$79M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.80× the median modeled value of Seed Ecommerce / Retail companies in 2019–2021 (7 peers) — value vs value, same stage and era. Within the normal band (80% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 6.1 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 74% of Ecommerce / Retail peers (123 compared).
Modeled value ranks above 75% of those peers.
Closest niche peers: MaxAB, Taager, Omnibiz, Lumi Inc., Yobante Express.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.