Your browser is currently blocking notification.
Please follow this instruction to subscribe:
X
Notifications are already enabled.
X

Accel & TraxcnLabs Invest $1.3 Mn In On Demand Food & Grocery Startup Opinio

Accel & TraxcnLabs Invest $1.3 Mn In On Demand Food & Grocery Startup Opinio

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.

Opinio 1

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.


Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.


Author

Vishal Singh

Inc42 Staff

For Vishal Singh, football is oxygen, traveling is living, night is day, online gaming is serious sport and superheroes are real. Yes, real. And like the call sign of any superhero, one can always find him enrapt to his laptop screen. His passion lies in writing pieces that would get the brain engines of readers churning and aspires to one day be known by his opus.

Responses
https://inc42.com/flash-feed/ola-mobile-app-only/
Loading Next…

Upcoming Events