Blitz, a same-day delivery platform for omnichannel sellers, has secured $6 million (INR 51 crore) in its Series A funding round led by IvyCap Ventures.
Existing investors IndiaQuotient and Alteria Capital, along with angel investors Ramesh Bafna (Zepto), Siddharth (Snitch), Vinit Gautam (Bestseller CEO), and Amitabh Suri (Arvind Fashion CEO), also participated.
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Blitz to expand in 20 cities
Established in 2020 by Gaurav Piyush, Mayank Varshney, and Yash Sharma, Blitz provides logistics support to quick commerce across 10 cities. The Bengaluru-based startup plans to utilise the fresh funds to enhance its 60-minute delivery infrastructure and expand its dark store network to 20 cities.
Meanwhile, the omnichannel platform offers 60-minute deliveries from local stores and same-day shipments from urban warehouses in cities like Bangalore, Delhi, NCR, Mumbai, Hyderabad, Jaipur, Chandigarh, and Pune. The startup claims its dark store model will become a key logistics asset for e-commerce players aiming to offer fast, reliable deliveries.
“With support from our amazing investors, Blitz is at the forefront of transforming q-commerce into an indispensable part of everyday life across geographies,” said Yash Sharma.
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Global Q-commerce market to attain $303.3 Bn by 2030
Notably, the global quick commerce market is projected to reach $303.3 billion by 2030, growing at a CAGR of 34.1% from $38.9 billion in 2023. Blitz competes with Shiprocket, Pickkr, ShipBob, and Amazon Prime‘s next-day delivery in the delivery space.
The startup’s expansion plans come as consumers increasingly prefer same-day deliveries and quick commerce, creating opportunities for new players. Logistics unicorn Delhivery recently announced plans to launch a network of multi-tenant dark stores for rapid in-city delivery, while food delivery major Swiggy is operationalizing ‘mega dark stores’ in Bengaluru.
