Blitz raises Rs 51 crore in funding round led by Ivycap Ventures

Blitz, a quick commerce logistics provider has raised Rs 51 crore ($6.3 million) in a series A funding round led by Ivycap Ventures Advisors Private Limited. Last year, the company had raised $3 million in a seed round led by India Quotient.

India Quotient, Alteria Capital along with angel investors including Ramesh Bafna of Zepto, Siddharth of Snitch, Vinit Gautam CEO of Bestseller India, and Amitabh Suri CEO of Arvind Fashion also participated in the round.

Blitz will utilise the funds to strengthen its 60-minute delivery infrastructure and expand its dark store network across India’s top 20 cities.

Commenting on the funding, Yash Sharma, co-founder of Blitz in a statement said, “We at Blitz are not just accelerating deliveries but reshaping consumer expectations, building a future where convenience knows no limits and anything consumers need arrives at their doorstep in under 60 minutes. With support from our amazing investors, Blitz is at the forefront of transforming q-commerce into an indispensable part of everyday life across geographies.”

Vikram Gupta, founder of Ivycap Ventures added, “Blitz is at the forefront of India’s q-commerce transformation. As e-commerce evolves to prioritise speed, Blitz’s infrastructure becomes essential for businesses to stay competitive.”

Founded in 2020 by Gaurav Piyush, Mayank Varshney, and Yash Sharma, Blitz connects brands to consumers with 60-minute deliveries from local stores and same-day shipments from urban warehouses.