VC Fund Investments
Hyperlocal deliverer Blitz attracts Rs.40-Cr led by IvyCap Ventures
Bengaluru-based same-day delivery platform for omnichannel sellers Blitz has attracted INR 40 crore (around USD 4.7 million) in a Series A funding round led by IvyCap Ventures.The round also saw participation from existing investors IndiaQuotient and Alteria Capital and angel investors Ramesh Bafna of Zepto, Siddharth Dungarwal from Snitch, Vinit Gautam, CEO of Bestseller, and Amitabh Suri, CEO of Arvind Fashion.Founded in 2020 by Gaurav Piyush, Mayank Varshney and Yash Sharma, Blitz provides logistics support to D2C (direct-to-consumer) brands. It offers 60-minute deliveries from local stores and same-day shipments from urban warehouses in Bengaluru, Delhi NCR, Mumbai, Hyderabad, Jaipur, Chandigarh, and Pune.The new funds will be used to boost the firm’s 60-minute delivery infrastructure and expand dark store network across 20 cities.
Between Mar 23 and Jun 24, Blitz had raised about USD 3.35 M from Better Capital, India Quotient and others.
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