Blitz, a Bengaluru-based quick commerce logistics enabler, has successfully raised INR 51 crore in a Series A funding round led by IvyCap Ventures. This significant investment aims to enhance Blitz’s 60-minute delivery infrastructure and expand its dark store network across India’s top twenty cities.
Participation from Existing Investors and Industry Leaders
The funding round also saw participation from existing investors India Quotient and Alteria Capital, along with notable angel investors including Ramesh Bafna of Zepto, Siddharth Dungarwal from Snitch, Bestseller CEO Vinit Gautam, and Arvind Fashion CEO Amitabh Suri.
Blitz’s Commitment to Rapid Delivery Solutions
Founded in 2020 by Gaurav Piyush, Mayank Varshney, and Yash Sharma, Blitz has been at the forefront of providing quick commerce logistics solutions. The company focuses on customer satisfaction by offering 60-minute deliveries from local stores and same-day shipments from urban warehouses. Blitz operates in ten cities, including Bengaluru, Delhi NCR, Mumbai, Hyderabad, Jaipur, Chandigarh, and Pune.
Impact on Clients and Future Plans
Blitz claims to have helped its clients achieve a 29% increase in business growth while reducing return-to-origin (RTO) rates by 40%. With the fresh infusion of capital, Blitz plans to enhance its delivery infrastructure and expand its dark store network, aiming to become a key logistics asset for e-commerce players seeking fast and reliable deliveries.
Conclusion
The successful Series A funding round underscores Blitz’s commitment to revolutionizing quick commerce logistics in India. With strategic investments and a focus on rapid delivery solutions, Blitz is poised to significantly impact the e-commerce logistics landscape, offering enhanced services to both businesses and consumers.
