Pre-Series B · Logistics
Blitz approves approximately ₹287M pre-Series B allotment
Blitz approved a share allotment to raise approximately ₹287 million in pre-Series B financing led by existing investor IvyCap Ventures.
The board approved 21,883 compulsorily convertible preference shares at ₹13,118 each. ICMG Group, Vishal Dhupar and angel investors also feature in the financing.
The September reporting follows a November 2024 Series A. The proceeds are intended for business growth, expansion and general corporate purposes at the quick-commerce fulfillment company.
Use of funds
Business growth
Expansion
General corporate purposes
Funding history
Pre-Series B · This round~₹287M