Same-day delivery platform Blitz raised $3 million in a funds from prominent investors, including India Quotient, Better Capital, First Cheque, and Titan Capital where multiple angel investors, such as Kunal Shah, Farid Ahsan, and Rahul Dash, among others also participated.
Blitz Expansion Plans and Network Strengthening
In a press statement, Blitz announced that the company will utilize the incoming capital to enhance its technology infrastructure and expand its network of dark stores. Presently, the platform operates dark stores in seven cities across India, including Bengaluru, Delhi, Gurugram, Noida, Mumbai, Hyderabad, and Jaipur.
Facilitating Faster Deliveries for Sellers
Blitz was founded in 2021 by Gaurav Piyush, Yash Sharma, and Mayank Varshney as Grow Simplee. The platform enables sellers to offer faster deliveries, providing same-day delivery for all orders placed before 3 PM, and next-day delivery for orders placed after 3 PM. Sellers can optimize their inventory by storing it near their customers in Blitz’s dark stores, facilitating four-hour deliveries to buyers.
Brands and Benefits of Using Blitz
Blitz has onboarded several consumer brands, including Damensch, HealthKart, and Nirog Street. The platform claims to reduce the rate of return to origin (RTO) by 40% for brands utilizing its solution, along with a 15% decrease in customer acquisition cost (CAC) and a 20% improvement in net promoter score (NPS).
Mayank Varshney, the CEO of Blitz, stated, “We believe in challenging the status quo of the ecommerce industry. With simple-to-use products and high levels of operational excellence, we enable enterprises and medium-size brands with the ability to orchestrate faster deliveries at efficient costs – providing their management and logistics team with visibility and higher controls.”
Acknowledgment and Market Competition
Anand Lunia, a partner at India Quotient, lauded Blitz as a fabulous solution with a great team. He emphasized that the ecommerce logistics industry needs to evolve. The industry must meet the demands of omnichannel brands. Blitz’s merger of prediction sciences and smart logistics networks is the way forward. The goal is to meet the expectations of 24-hour deliveries. It’s seen as an extension of the customer acquisition cost (CAC) funnel.
In the competitive landscape, Blitz competes with the likes of Dunzo, Pickkr, Shiprocket, and Amazon Prime’s next-day delivery service. The platform’s innovative approach and dedication to delivering efficient and timely solutions. Also position it strongly in the rapidly evolving ecommerce logistics sector.
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