BluWheelz, a delivery startup powered by technology, has raised $1 million in a bridge funding round headed by Venture Catalysts. FAAD, LetsVenture, and Chakra Growth Fund also participated in the round.
Apoorva Ranjan Sharma founded BluWheelz, a fleet solution provider for two-, three-, and four-wheelers that operates in eighteen cities.
With operations in more than 18 cities, the startup claims to have a fleet base of more than 1,200 vehicles. It collaborates with automakers like Tata Motors and Eicher-Volvo and has strategic partnerships for infrastructure related to parking and charging.
However, between $250,000 and $2 million is invested in early-stage startups by Venture Catalysts. The startups in which Venture Catalysts have invested are valued at over $10 billion combined.
