Bangalore-based on demand food and grocery startup Opinio has raised $1.3 mn in a funding round led by Accel Partners, TraxcnLabs and few other angel investors. The funds will be used in expansion to more cities as well as in strengthening the company’s technology infrastructure.
According to Mayank Kumar co-founder and CEO of Opinio, the $1.3 mn would only sustain the company for about 4-5 months and so they are already in talks to raise another funding in the coming couple of months.
Founded just last month by Mayank Kumar and Lokesh Jangid, Opinio is an on demand food and grocery startup which connects customers with restaurants, grocers, laundry services and pharmacies.
The startup which is in just seventh week of operations is already processing more than 1,000 orders per day. Currently, the startup is only active in seven areas of Bangalore but plans to expand in other cities within a month.
On this development, Lokesh Jangid co-founder and CTO of Opinio said, “We are building a highly scalable technology platform and deeply integrated products for both merchants and enterprises to ensure high reliability of service.” – reported LiveMint.
In this space, lot of startups which connect customers with supermarkets and restaurants have received VC funds. Just yesterday, a Bangalore-based startup, Locus raised angel funding for its delivery automation software. However, Locus does not fulfill orders, it provides its tool to simplify logistics solution for other companies.
Investor TracxnLabs is a startup incubator which is backed by Flipkart cofounders Sachin Bansal and Binny Bansal. It is run by Tracxn, a data analytics firm that provides financial information on startups.
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