Blitz Pockets INR 51 Cr To Boost Its 60-Minute Delivery Infra

SUMMARY

The round also saw participation from existing investors IndiaQuotient and Alteria capital and angel investors including Ramesh Bafna of Zepto, Siddharth from Snitch, and Bestseller CEO Vinit Gautam, Amitabh Suri CEO Arvind fashion

The Bengaluru-based startup plans to deploy fresh proceeds to boost its 60-minute delivery infrastructure and expand its dark store network across 20 cities

Founded in 2020 by Gaurav Piyush, Mayank Varshney and Yash Sharma, Blitz provides logistics support to quick commerce across 10 cities

Update | November 20, 2:32 PM

Same-day delivery platform for omnichannel sellers Blitz has raised INR 51 Cr ($6 Mn) in its Series A funding round led by IvyCap Ventures.

The round also saw participation from existing investors IndiaQuotient and Alteria capital as well as angel investors, including Ramesh Bafna of Zepto, Siddharth from Snitch, and Bestseller CEO Vinit Gautam, Amitabh Suri CEO Arvind fashion.

Original Story | November 20, 12:29 PM

Same-day delivery platform for omnichannel sellers Blitz has secured INR 40 Cr (around $4.7 Mn) in Series A funding round led by IvyCap Ventures.

The Bengaluru-based startup plans to deploy fresh proceeds to boost its 60-minute delivery infrastructure and expand its dark store network across 20 cities.

Founded in 2020 by Gaurav Piyush, Mayank Varshney and Yash Sharma, Blitz provides logistics support to quick commerce across 10 cities.

The startup provides 60-minute deliveries from local stores and same-day shipments from urban warehouses in Bangalore, Delhi, NCR, Mumbai, Hyderabad, Jaipur, Chandigarh, and Pune among others.

Blitz claims its dark store model will become a key logistics asset for e-commerce players aiming to offer fast, reliable deliveries, as per its statement. In the delivery space, the startup competes with the likes of Shiprocket, Pickkr and ShipBob, along with Amazon Prime’s next-day delivery.

“With support from our amazing investors, Blitz is at the forefront of transforming q-commerce into an indispensable part of everyday life across geographies,” said Sharma.

Consumers’ preference for same day deliveries and quick commerce is giving space to the new players in this sector. Globally, the quick commerce opportunity is estimated to reach $303.3 Bn by 2030, from $38.9 Bn in 2023, at a CAGR of 34.1% during the forecast period.

One of Blitz competitors and logistics unicorn Delhivery in August announced its plans to launch a network of multi-tenant dark stores for “rapid in city delivery” for ecommerce companies.

Recently, food delivery major Swiggy told Inc42 that it is in the process of operationalising ‘mega dark stores’ with an area of 8,000-10,000 sq ft in several pockets of Bengaluru.

(Note: The story has been updated to include the company’s revised funding amount)

Step up your startup journey with BHASKAR! From resources to networking, Bhaskar connects Indian innovators with everything they need to succeed. Join today to access a platform built for innovation, growth, and community.