Blitz has raised about $6 million (Rs 51 crore) in its Series A funding round, while Koo co-founder Mayank Bidawatka has raised $4 million for his new consumer tech startup. Separately, Doodhvale Farms has scooped up $3 million in funding led by Atomic Capital.
IvyCap leads funding in Blitz
Blitz, a quick commerce logistics enabler, on Wednesday announced that it has raised about $6 million (Rs 51 crore) in its Series A funding round led by IvyCap Ventures.
Existing investors India Quotient and Alteria Capital along with notable angels, including Ramesh Bafna of Zepto, Siddharth from Snitch, Bestseller CEO Vinit Gautam, and Arvind Fashion CEO Amitabh Suri, also participated in the round, the startup said in a statement.
The capital proceeds will help Blitz enhance its 60-minute delivery infrastructure and expand its dark store network across India’s top 20 cities.
Founded in 2020 by Gaurav Piyush, Mayank Varshney, and Yash Sharma, Blitz connects brands and consumers with 60-minute deliveries from local stores and same-day shipments from urban warehouses. It is currently operational in 10 cities, including Bangalore, Delhi, NCR, Mumbai, Hyderabad, Jaipur, Chandigarh, and Pune.
Billion Hearts snags $4m
Mayank Bidawatka, co-founder of the vernacular microblogging platform Koo, has raised $4 million for his new consumer tech startup Billion Hearts.
The funding was led by early-stage venture capital firm Blume Ventures and saw participation from General Catalyst and Athera Venture Partners.
The investment was spearheaded by Karthik Reddy (Partner at Blume Ventures), along with participation from Neeraj Arora (Managing Director at General Catalyst and ex-CBO of WhatsApp) and Rutvik Doshi (Partner at Athera Venture Partners).
Billion Hearts was founded by Bidawatka in August this year, and it raised a $250,000 pre-seed round from the founders of redBus, Ola, InMobi, and Myntra, among others, in September. The fresh proceeds will be used to build a global team and enhance its technology.
Atomic Capital invests in Doodhvale
Dairy and daily essential startup Doodhvale Farms has raised $3 million in its Series A funding round led by Atomic Capital as it looks to boost its offline presence and expand its delivery pincodes, YourStory reported.
The funding round was joined by Singularity Early Growth Opportunities Fund, Bharat Founders Fund, Indigram Lab Foundation, and angel investors.
Founded in 2019 by Sudhir Jain, Aman Jain, Ishu Jain and Sanjay Jain, Doodhvale produces and delivers farm-fresh products directly to consumers’ doorsteps.
The company, which has been EBITDA profitable for the last three years, currently operates through its app-based subscription model and exclusive brand outlets, offering over 100 SKUs including varieties of milk, paneer, khoya, paneer, and even bread, per the report.
