Zip is a procurement software platform that streamlines the purchasing lifecycle for companies. At its core, Zip provides a user-friendly interface for employees to submit purchase requests and customizable approval workflows across teams like finance, legal, and IT. Zip was founded in 2020 by Rujul Zaparde and Lu Cheng, who previously worked together at Airbnb.

Zip aims to expand from its current procurement capabilities into an end-to-end procure-to-pay solution covering the full purchasing lifecycle. The company has raised $163M from investors like Tiger Global, Y Combinator, and CRV. For prospective employees, joining Zip's team presents the opportunity to build a leading platform in the large $15B+ procurement software market.

While Zip has seen strong initial traction with customers like Snowflake, Coinbase and Databricks, it faces intense competition from new entrants as well as incumbents like Coupa and SAP Ariba. Differentiating through continued product innovation and expanding beyond its tech customer base will be critical challenges as Zip scales.