In a funding round, India Quotient, Better Capital, First Cheque, and Titan Capital invested $3 million in delivery platform Blitz. Numerous angel investors, including Kunal Shah, Farid Ahsan, Abhinav Jain, Rahul Dash, Prabhkirandeep Singh, Ishendra Agarwal, Kalpak Chhajed, Arjun Vaidya, Gaurav Pushkar, Piyush Kedia, and Anshoo Sharma, also took part in the round.
The company will use the new funding to strengthen its digital foundation and grow its community of dark retailers. The startup operates dark stores in Bengaluru, Hyderabad, Mumbai, Delhi, Gurugram, Noida, and Jaipur, as reported by Inc42.com
On the funding round, the cofounder and CEO of Blitz, Mayank Varshney, said, “We believe in challenging the status quo of the ecommerce industry. With simple-to-use products and high levels of operational excellence, we enable enterprises and medium-size brands with the ability to orchestrate faster deliveries at efficient costs – providing their management and logistics team with visibility and higher controls.”
Anand Lunia, partner at India Quotient, added, “The ecommerce logistics industry has not evolved in the last 10 years to meet the needs of omnichannel brands, although consumers and businesses have both evolved. There is a need to merge prediction sciences and smart logistics networks to meet the 24-hour delivery expectation with logistics as an extension of the CAC funnel. Blitz is a fabulous solution and a great team.”
Blitz was founded in 2020 by Gaurav Piyush, Yash Sharma, and Mayank Varshney, allows faster delivery for sellers by providing same-day delivery for all orders placed before 3 PM in order to accelerate e-commerce sales and increase retention by two times.