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Blitz raises Rs 28.70 crore in pre-Series B round led by IvyCap Ventures at 2.5X valuation premium to Rs 440 crore.
Amount Raised
₹287 Million
Round Type
Series B
BengaluruInvestors
Description
Blitz, a quick-commerce fulfillment startup, has raised Rs 28.70 crore in a pre-Series B funding round led by existing investor IvyCap Ventures. IvyCap Ventures led with Rs 12.70 crore, followed by ICMG Group with Rs 4.75 crore and founder Vishal Dhupar with Rs 2.50 crore, with additional angel investors participating. The company's post-money valuation jumped to Rs 440 crore compared to Rs 175 crore in its Series A round, representing a 2.5X premium. Funds will be used for business growth, expansion, and general corporate purposes.
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What this usually meansBlitz raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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