About Blitz
Blitz is a company based in Bengaluru (India) founded in 2020 by Mayank Varshney, Gaurav Piyush, and Yash Sharma. It operates as a Direct-to-Consumer (D2C), and On-Demand Services. Blitz has raised $9.96 million across 4 funding rounds from investors including Angel List, IvyCap Ventures and Alteria Capital. The company has 41 employees as of April 10, 2024. Blitz offers products and services including Quick Commerce, Same Day Delivery, and Next Day Delivery. Blitz operates in a competitive market with competitors including Shiprocket, ShipBob, Pickrr, Anchanto and Prozo, among others.
- Headquarter Bengaluru, India
- Employees 41 as on 10 Apr, 2024
- Founders Mayank Varshney, Gaurav Piyush, Yash Sharma
- Stage Minicorn
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Sectors
TechnologyTransportation, Automotive & Logistics Retail
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Email
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Phone
*********
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Website
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Social
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- Legal Name Bigshort Tails Private Limited
- Date of Incorporation 18 Dec, 2020
- Jurisdiction Palam Road, Haryana, India
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Annual Revenue
$834.35 K (USD)183.61as on Mar 31, 2023
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Net Profit
$-846.69 K (USD)-209.48as on Mar 31, 2023
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EBITDA
$-695.75 K (USD)-182.04as on Mar 31, 2023
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Total Equity Funding
$9.96 M (USD)
in 4 rounds
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Latest Funding Round
$6.04 M (USD), Series A
Jun 04, 2024
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Investors
Angel List
& 65 more
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Employee Count
41
as on Apr 10, 2024
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Products & Services of Blitz
Blitz offers a comprehensive portfolio of products and services, including Quick Commerce, Same Day Delivery, and Next Day Delivery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Ultra-fast delivery within 60 minutes is provided.
Same-day delivery service is offered to customers.
Next-day delivery option is available for orders.
Funding Insights of Blitz
Blitz has successfully raised a total of $9.96M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $6.04 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $6.0M
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First Round
First Round
(29 Jun 2021)
- Investors Count 66
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - Blitz | Valuation | IvyCap Ventures Advisors | |
| Mar, 2023 | Amount | Seed - Blitz | Valuation | India Quotient | |
| Apr, 2022 | Amount | Seed - Blitz | Valuation | Angel List |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Blitz
Blitz has secured backing from 66 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, IvyCap Ventures and Alteria Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment in Indian startups across technology and fintech sectors.
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Founded Year | Domain | Location | |
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Early-stage companies are invested in by Better Capital.
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Founded Year | Domain | Location | |
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Early-stage investment and support services for startups in technology and e-commerce sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Blitz
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Blitz
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Blitz Comparisons
Competitors of Blitz
Blitz operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shiprocket, ShipBob, Pickrr, Anchanto and Prozo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
E-commerce tools for shipping, marketing, and financial services are provided.
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| domain | founded_year | HQ Location |
E-commerce fulfillment solutions are provided for direct-to-consumer brands.
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| domain | founded_year | HQ Location |
AI-based logistics solutions are provided for shipping and tracking.
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| domain | founded_year | HQ Location |
SaaS solutions for e-commerce and logistics operations are delivered.
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| domain | founded_year | HQ Location |
Online platform offering wholesale and business-focused e-commerce solutions
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| domain | founded_year | HQ Location |
Logistics and delivery solutions are provided for e-commerce businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Blitz
Frequently Asked Questions about Blitz
When was Blitz founded?
Blitz was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Blitz located?
Blitz is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Blitz a funded company?
Blitz is a funded company, having raised a total of $9.96M across 4 funding rounds to date. The company's 1st funding round was a Seed of $367.37K, raised on Jun 29, 2021.
How many employees does Blitz have?
As of Apr 10, 2024, the latest employee count at Blitz is 41.
What is the annual revenue of Blitz?
Annual revenue of Blitz is $834.35K as on Mar 31, 2023.
What does Blitz do?
Blitz is engaged in providing ultra-fast last-mile delivery solutions for direct-to-consumer brands in India. Services are offered in quick commerce, same-day, and next-day delivery formats. Operations are supported by a network of technologically integrated fulfillment centers and shipping partners. Coverage spans multiple cities with optimized inventory placement and real-time tracking. Customer acquisition costs are reduced, and conversion rates are improved through faster fulfillment services.
Who are the top competitors of Blitz?
Blitz's top competitors include Shiprocket, ShipBob and Prozo.
What products or services does Blitz offer?
Blitz offers Quick Commerce, Same Day Delivery, and Next Day Delivery.
Who are Blitz's investors?
Blitz has 66 investors. Key investors include Angel List, IvyCap Ventures, Alteria Capital, India Quotient, and Capier Investments.
What is Blitz's valuation?
The valuation of Blitz is $8.41M as of Jun 2024.
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