FundingCommerce & Consumer Brands
Blitz raises ₹28.7 Cr at ₹440 Cr valuation
By Abha Lohia · Editor ·
Blitz: funding and every story →
Pre-Series B
- Blitz runs fulfilment services for quick-commerce, helping fast delivery businesses move orders through its network
- Existing backer IvyCap Ventures led a ₹28.7 crore pre-Series B round, putting in ₹12.7 crore; ICMG added ₹4.75 crore
- The deal values Blitz near ₹440 crore, about 2.5 times its Series A valuation of ₹175 crore
What happened
- Blitz raised ₹28.7 crore in a pre-Series B round.
- IvyCap Ventures led with ₹12.7 crore.
- ICMG Group put in ₹4.75 crore.
- Angel Vishal Dhupar added ₹2.5 crore.
- Post-money valuation is about ₹440 crore.
Why it matters
- Valuation is roughly 2.5 times the Series A level.
- More money may still come into the same round.
- Funds support a bigger fulfilment network.
The business
- Blitz offers fulfilment for quick-commerce.
- It plans to expand its operational network.
The founders
Who put in money
- IvyCap Ventures Lead — Existing investor; led Series A
- ICMG Group Investor
- Vishal Dhupar Angel
In numbers
₹51 CrSeries A raised · 2024
Earlier rounds
- Nov 2024 · Series A · ₹51 Cr
Words to know
- CCPS
- compulsorily convertible preference shares, which turn into ordinary shares later
The numbers around it
Blitz has 4 funding rounds in StopDown's archive.
| When | Round | Amount | Led by |
|---|---|---|---|
| 30 September 2026 | Pre-Series B | ₹28.7 Cr | IvyCap Ventures |
| 20 November 2024 | Series A | ₹51 crore | Undefined |
| 20 July 2023 | Seed | $3 million | Undefined |
Commerce & Consumer Brands in November 2026: 7 rounds with a disclosed amount, $119 million in all; the biggest was GIVA ($100M+). Every sector this year →
Terms in this story
- Funding stage: Startups raise money in steps called funding stages: pre-seed, seed, Series A, B, C and later, ending in a listing or a sale. Each step is larger and asks for more proof. In India, Series A rounds run from a few million dollars to about $15 million, as of November 2026.
- Series A: Series A is usually the first large round a startup raises from venture capital funds, after it has shown that people want what it sells. In India it commonly runs from a few million dollars to about $15 million, or roughly ₹25 crore to over ₹100 crore, with founders selling about 15 to 25 percent, as of November 2026.
- Series B/C: Series B, C, D and later rounds are growth rounds: large cheques for a startup with a proven model that wants to expand, enter new markets or move toward profit and a listing. In India they are usually priced in CCPS and, when foreign investors take part, must follow FEMA pricing rules.
- Valuation: A startup's valuation is the total price investors agree the company is worth, and it decides how many shares their money buys. For young companies it is set by negotiation and comparison, not a formula. In India, pricing rules for foreign investors apply, and angel tax no longer does for money raised since 1 April 2024.
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