Blitz raises Rs. 51 Cr in Series A Funding Led by IvyCap Ventures

Bangalore, 21^th November: Blitz, a leading quick commerce (q-com) logistics enabler, has raised Rs. 51 Cr 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 investor India Quotient & Alteria capital along with notable angels, including Ramesh Bafna of Zepto, Siddharth from Snitch, and Bestseller CEO Vinit Gautam, Amitabh Suri CEO Arvind fashion also participated in the round along with existing angel investors.

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 delight, operational in 10 Cities Bangalore, Delhi, NCR, Mumbai, Hyderabad, Jaipur, Chandigarh, and Pune Blitz connects brands and consumers with 60-minute deliveries from local stores and same-day shipments from urban warehouses. Its dark store model is set to become a key logistics asset for e-commerce players aiming to offer fast, reliable deliveries.

Yash Sharma, Co-founder, Blitz, shared the company’s vision: “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 and Managing Partner, IvyCap Ventures, said, “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. Beyond meeting demand, Blitz is raising the bar for consumer expectations. We are excited to support them as they shape the future of delivery in India.”

Anand Lunia, Founding Partner, IndiaQuotient, ”We’re proud to continue our partnership with Blitz in their Series A round. Since our initial investment, they’ve immaculately executed in the quick logistics space. We are observing a clear, strong demand from customers for quick commerce across categories, which is translating not only into reduced RTOs but also improved profitability metrics for brands. It’s been an exciting ride, and we look forward to supporting Blitz through this next stage of growth.”