Blitz, a quick-commerce logistics enabler, and Zopper, an insurtech infrastructure platform, have raised significant funds to drive growth in their respective sectors.
Blitz, a Bengaluru-based logistics startup, secured ₹51 crore (approximately $6.1 million) in a Series A round led by IvyCap Ventures Advisors Private Limited, with participation from India Quotient, Alteria Capital, and prominent angel investors like Ramesh Bafna (Zepto) and Amitabh Suri (Arvind Fashion).
The funds will be used to:
Founded in 2020 by Gaurav Piyush, Mayank Varshney, and Yash Sharma, Blitz focuses on hyper-local deliveries with 60-minute fulfillment. It connects brands with consumers through local stores and same-day shipments from urban warehouses.
Yash Sharma, Co-founder of Blitz, stated, "We are not just accelerating deliveries but reshaping consumer expectations, building a future where convenience knows no limits."
Blitz raised $3 million in a seed round in 2023, backed by investors like India Quotient, Better Capital, and Titan Capital.
Zopper, a Noida-based insurtech platform, raised $25 million in a Series D round led by Elevation Capital, Dharana Capital, and Blume Ventures. This marks the company’s first major funding since its $75 million Series C round in 2022.
The capital will be utilized to:
Founded in 2011 by Surkendu Kulia and Mayank Gupta, Zopper initially served as a PoS system for retailers before pivoting to a SaaS-based insurance distribution platform post its acquisition by PhonePe in 2018.
Key Highlights:
Zopper aims to revolutionize the insurtech landscape by enabling consumer internet platforms to offer customized insurance products.