Tech-enabled Delivery Startup BluWheelz Raises $1M Bridge Round Led by Venture Catalysts.
BluWheelz, a tech-enabled delivery company, has successfully raised a $1 million bridge funding round. Venture Catalysts led the round, which also saw significant participation from FAAD, LetsVenture, and Chakra Growth Fund.
Founded by Apoorva Ranjan Sharma, BluWheelz has swiftly expanded its operations to cover 18 cities, offering a comprehensive fleet solution including two, three, and four.
The startup boasts a fleet base exceeding 1,200 vehicles and has established a strong presence across various cities. It has forged partnerships with leading vehicle OEMs such as Eicher-Volvo and Tata Motors, leveraging strategic charging and parking infrastructure alliances.
Venture Catalysts, known for investing in early-stage startups, typically invest between $250,000 and $2 million. The cumulative valuation of the startups in its portfolio has surpassed $10 billion.
The investment from Venture Catalysts and other prominent investors will enable BluWheelz to expand its operations further, enhance its technological capabilities, and solidify its position in the rapidly growing delivery market.
