Blitz, a leading quick commerce (q-com) logistics enabler, has raised ₹51 crore in a Series A funding round led by IvyCap Ventures. The round also saw participation from India Quotient, Alteria Capital, and renowned angel investors, including:
- Ramesh Bafna (Zepto)
- Siddharth Jain (Snitch)
- Vinit Gautam (Bestseller CEO)
- Amitabh Suri (CEO, Arvind Fashion)
This funding will accelerate Blitz’s mission to enhance its 60-minute delivery infrastructure and expand its dark store network across India’s top 20 cities.
Blitz’s Journey and Key Achievements
Founded in 2020 by Gaurav Piyush, Mayank Varshney, and Yash Sharma, Blitz has established itself as a critical player in the q-com ecosystem. The company specializes in connecting brands and consumers through rapid, reliable logistics solutions, ensuring:
- 60-minute deliveries from local stores.
- Same-day shipments from urban warehouses.
Blitz currently operates in 10 key cities, including Bangalore, Delhi NCR, Mumbai, Hyderabad, Jaipur, Chandigarh, and Pune, and has plans to expand significantly following this funding round.
Driving Business Growth for Clients
Blitz’s innovative logistics solutions have helped its clients achieve:
- A 29% increase in business growth.
- A 40% reduction in Return-to-Origin (RTO) rates, minimizing losses and improving customer satisfaction.
By integrating advanced logistics technologies and customer-first strategies, Blitz ensures seamless delivery experiences, bolstering its reputation as a reliable partner for quick commerce brands.
Expanding the Dark Store Network
The Series A funding will enable Blitz to scale its operations across India’s top 20 cities, focusing on:
- Enhancing delivery infrastructure to maintain a 60-minute delivery standard.
- Expanding the dark store network, optimizing last-mile delivery solutions for partner brands.
Blitz’s dark store model empowers brands by creating hyperlocal inventory hubs, ensuring faster delivery times and greater customer satisfaction.
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