Blitz raised Rs 40 crore in a Series A round led by IvyCap Ventures to enhance its 60-minute delivery infrastructure and expand its dark store network across India's major cities.
Nov 20, 2024•9 months ago
Amount Raised
₹400 Million
Round Type
series a
BengaluruInvestors
Amitabh SuriVinit GautamSiddharthRamesh BafnaAlteria CapitalIndia QuotientIvy Cap Ventures
Description
Blitz, a same-day delivery platform, has successfully raised Rs 40 crore in its Series A round led by IvyCap Ventures. The funds will be utilized to improve their delivery infrastructure and expand their operations across 20 major cities in India.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech