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Exclusive: Blitz kicks off pre-Series B round at 2.5X valuation premium

Blitz, a quick-commerce fulfilment startup, has raised Rs 28.70 crore in a pre-Series B funding round led by existing investor IvyCap Ventures.

Tarun Mottlia

Via Entrackr

·Excerpt
Exclusive: Blitz kicks off pre-Series B round at 2.5X valuation premium
Image: Entrackr

"Blitz, a quick-commerce fulfilment startup, has raised Rs 28.70 crore in a pre-Series B funding round led by existing investor IvyCap Ventures.The company"s board approved the allotment of 21,883 compulsorily convertible preference shares (CCPS) at an issue price of Rs 13,118 per share to raise the aforesaid amount, according to its regulatory filings accessed by Entrackr. IvyCap Ventures led the round with an investment of Rs 12.70 crore, followed by ICMG Group invested Rs 4.75 crore, while Vishal Dhupar put…

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