2 days Ago
Blitz , a quick commerce logistics enabler, has raised Rs 51 crore in series A funding led by IvyCap Ventures to enhance its 60-minute delivery infrastructure and expand its dark store network across India’s top 20 cities. Existing investors India Quotient and Alteria Capital, along with notable angels including Ramesh Bafna of Zepto, Siddharth Dungarwal from Snitch, Bestseller CEO Vinit Gautam, and Arvind Fashion CEO Amitabh Suri, participated in the round. Founded in 2020 by Gaurav Piyush, Mayank Varshney and Yash Sharma, Blitz has helped its clients with a 29% increase in business growth while reducing return-to-origin (RTO) rates by 40%.
Blitz focuses on customer satisfaction and operates in 10 cities, including Bangalore, Delhi NCR, Mumbai, Hyderabad, Jaipur, Chandigarh and Pune. The company connects brands and consumers through 60-minute deliveries from local stores and same-day shipments from urban warehouses. Its dark store model is positioned to become a key logistics asset for ecommerce players seeking fast, reliable deliveries.
“Blitz is reshaping consumer expectations, building a future where convenience knows no limits and anything consumers need arrives at their doorstep in under 60 minutes. With strong investor support, Blitz is at the forefront of transforming qcomm into an indispensable part of everyday life across geographies,” said Yash Sharma, co-founder of Blitz. Founded in 2020, Blitz is a tech-driven startup in quick commerce logistics, redefining ultra-fast delivery with AI-powered systems and advanced automation.
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