Blitz, formerly known as Grow Simplee, has raised ₹51 crore in its Series A funding round led by IvyCap Ventures. The round saw participation from existing investors India Quotient and Alteria Capital, alongside notable angel investors including Ramesh Bafna (Zepto), Siddharth (Snitch), Vinit Gautam (CEO, Bestseller), and Amitabh Suri (CEO, Arvind Fashion). Blitz had previously raised $3 million in its seed round in July 2023, backed by India Quotient, Better Capital, First Cheque, and Titan Capital.
The fresh funds will drive Blitz’s mission to revolutionize delivery logistics in India, enhancing its 60-minute delivery infrastructure and expanding its dark store network to 20 major cities.
Founded in 2020 by Gaurav Piyush, Mayank Varshney, and Yash Sharma, Blitz connects brands with consumers through ultra-fast deliveries, leveraging local stores and urban warehouses. The company’s dark store model enables sellers to strategically predict demand and position inventory closer to customers, enabling 4-hour delivery options and fulfilling same-day shipment commitments.
Currently operational in 10 cities, including Bengaluru, Delhi NCR, Mumbai, Hyderabad, Jaipur, Chandigarh, and Pune, Blitz plans to rapidly scale its operations. The startup’s innovative logistics model has reportedly boosted client business growth by 29% while reducing Return-to-Origin (RTO) rates by 40%.
With the increasing demand for faster e-commerce deliveries, Blitz is positioning itself as a critical logistics partner for omnichannel sellers, empowering them to meet consumer expectations and compete effectively in the dynamic retail landscape.
