The same-day delivery platform for omnichannel sellers, Blitz (formerly Grow Simplee), has raised Rs 51 crore in its Series A round, which was led by IvyCap Ventures.
Current investors Along with current angel investors, India Quotient and Alteria Capital also participated in the round, as did prominent angels like Siddharth from Snitch, Bestseller CEO Vinit Gautam, Amitabh Suri CEO Arvind Fashion, and Ramesh Bafna of Zepto.
Better Capital, First Cheque, India Quotient, and Titan Capital contributed $3 million to Blitz’s seed round earlier in July of last year.
The money raised will be used to expand its network of dark stores throughout India’s top 20 cities and improve its 60-minute delivery system.
Gaurav Piyush, Mayank Varshney, and Yash Sharma founded Blitz in 2020. It links brands and customers with same-day shipments from urban warehouses and 60-minute deliveries from nearby stores. For e-commerce companies looking to provide quick, dependable delivery, its dark store model is expected to grow into a crucial logistics tool.
In Blitz’s dark stores, sellers are able to anticipate and stock their products close to their clients, provide buyers with 4-hour delivery, and complete daily orders.
According to the startup, it has assisted its clients in lowering Return-to-Origin (RTO) rates by 40% and increasing business growth by 29%. Ten cities, including Bengaluru, Delhi, the National Capital Region, Mumbai, Hyderabad, Jaipur, Chandigarh, and Pune, are served by Blitz.
