This site uses cookies. By using this site you agree to receiving cookies. View Policy.

Successfully funded
Capital at risk
overfunded
Zing Zing
232%
Raised
£1,163,950
Investors
954
Target
£500,000
Equity
16.58%
Pre-money valuation
£5,854,324

Having grown from 2 sites to 4 since their last round on Crowdcube, Zing Zing is revolutionising the Chinese takeout industry through its takeaway only locations with rapid delivery and custom technology. Now raising funds for further expansion.

  • Founder has previously sold a business to Just-Eat.co.uk
  • Backed by hospitality veterans and Chef Jeremy Pang
  • Average delivery time from order to customer in 2016 was 31 minutes
  • Grown sales by 75% in the 12 months to October 2017

Idea

Zing Zing is revolutionising the £1.4bn Chinese takeout industry by offering Chinese cuisine with a modern and healthy twist, cooked fresh to order and delivered fast.

We have 4 units in London.Our revenue in 2016 was £1.23m with EBITDA of -£300k (including a £93k spend from our last Crowdcube raise). We have seen sales grow by 75% to October & and are profitable at a store level since October. There are shareholders loans in the business.

The Market Today:

The UK home delivery market is worth an estimated £6.1bn and grew by 11% last year, yet we estimate that no one brand accounts for more than 1% of it - it is exceptionally fragmented.

Chinese takeout is one of the nation’s favourite categories, making up around 25% of the market and generating c.£1.4bn in sales.

Why we are different:

1. Wok fresh flavours: We offer traditional Chinese takeout dishes, wok cooked to order with a modern and healthy twist.

2. Superfast: In 2016 we averaged 31 minutes betweenthe order being placed and delivery.

3. Designed for Delivery: Our custom made packaging is designed to keep the food in perfect condition from wok to door.

4. Great value: We offer high-quality food at an attractive price point. Our flagship Zing Box meal is hugely popular. (38,000 Zing Boxes sold in 2016).

5. Our technology: We see 70% of delivery orders come through our online platform. We now have a database of 55,000 customers.

THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE BY THE COMPANY RAISING FINANCE AS IDENTIFIED ABOVE (THE "COMPANY") IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY AND SUBJECT TO THESE TERMS AND CONDITIONS.  CROWDCUBE CAPITAL LTD IS AUTHORISED BY THE FCA AND CARRIES OUT DUE DILIGENCE ON EACH COMPANY THAT LISTS ON CROWDCUBE AS SET OUT HERE.
 
This investment opportunity is not an offer to the public and is only available to registered members of Crowdcube.com who have qualified and categorised themselves as able to invest.  The investment opportunity is not directed at persons located in the United States, Canada or Japan. Any person resident outside the United Kingdom who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict access.
In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the securities mentioned in such materials (the "Securities") by the Company would be made, or any documentation be sent in or into, the United States, Canada or Japan.  There will be no public offering of the Securities in the United States.
 
In order to access the pitch you must first become a qualifying member of Crowdcube on the basis of your status as either (i) self-certified ‘high net worth investor’, (ii) certified ‘sophisticated investor’, (iii) self-certified as a ‘sophisticated investor’ or (iv) certified as a ‘restricted investor’, in each case in accordance with the FCA’s Conduct of Business Sourcebook Chapter 4.7.  Potential investors are encouraged to "cross examine" the Company by interactive due diligence and use of the available online forums to bring the "wisdom of the crowd" to bear.  Accessing the pitch also means you agree to Crowdcube’s most recent website terms and conditions and investor terms and conditions, which include Crowdcube's limitation of liability.
 
If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.  Crowdcube’s or the Issuer’s press announcements and this information page do not constitute an offer to sell securities of the Company.  Further, it does not constitute a recommendation by the Company, Crowdcube or any other party to sell or buy securities in the Company.
 
By registering or logging into Crowdcube.com to view the investment opportunity, you certify that you are legally entitled to view the investment opportunities, are an authorised investor and you agree to all applicable terms and conditions on this website, including this disclaimer.

To see the rest of the Zing Zing pitch, join now.
It’s free, quick and easy.

Join

Already registered? Log in

To see the rest of the Zing Zing pitch, join now.
It’s free, quick and easy.

Zing Zing

Join to read more information about the Zing Zing team, documents, and what other investors are saying about the pitch.

If you choose to invest we won’t take your money until the pitch closes and you can cancel your investment at any time.

Crowdcube is a leading investment crowdfunding platform

Successfully Invested
£689m+
Registered Investors
753k+