Blitz, Doodhvale Farms and Taqtics raise seed funding

Rapid commerce logistics facilitator Blitz, D2C dairy Doodhvale Farms and SaaS startup Taqtics have raised seed funding, the companies announced Wednesday.

Blitz, a rapid commerce logistics tool, has raised Rs 40 crore ($4.7 million) in a Series A funding round, led by IvyCap Ventures.

This new infusion will help improve its 60-minute delivery infrastructure and expand its dark store network across top twenty Indian cities.

Existing investors India Quotient and Alteria Capital, along with other angel investors including Ramesh Bafna of Zepto, Siddharth of Snitch, Vinit Gautam, CEO of Bestseller, and Amitabh Suri, CEO of Arvind Fashion, also participated in the round.

Founded in 2020 by Gaurav Piyush, Mayank Varshney and Yash Sharma, Blitz claims to have helped its clients achieve a 29% increase in business growth while reducing return to origin (RTO) rates by 40%. Blitz is operational in ten cities: Bengaluru, Delhi, NCR, Mumbai, Hyderabad, Jaipur, Chandigarh and Pune.

Doodhvale Farms announced the close of its $3 million funding round, led by Atomic Capital, with the Singularity Early Opportunities Fund joining as a co-investor. The round also saw participation from Bharat Founders Fund and Indigram Labs Foundation.

Angel investors participating in this round include Livspace co-founder Ramakant Sharma, Oyo CBO Ankit Tandon, Livspace CEO Saurabh Jain, and V3 Ventures co-founder Arjun Vaidya, among others.

Doodhvale Farms claims to have achieved 100% year-on-year growth and consistent profitability on an EBITDA basis for three consecutive years.

The new capital will be deployed strategically to accelerate Doodhvale Farms’ expansion, strengthen distribution networks, diversify its product portfolio and upgrade its technology infrastructure, the company said in a statement.

Doodhvale Farms is a direct-to-consumer (D2C) dairy and essentials company that produces and delivers farm-fresh produce. It was founded by Aman J Jain, Ishu Jain, Sanjay Jain and Sudhir Jain.

Taqtics has raised $1.2 million in seed funding. The round was led by Sprout Venture Partners and Capital-A, with additional participation from Java Capital.

This new infusion will help the company expand its product capabilities, strengthen its presence in key markets and integrate AI-based analytics to better serve retail and quick service restaurant (QSR) chains, a the company said in a statement.

Taqtics, a product of Peachy Technologies Pvt. Ltd, is a platform that helps streamline retail and restaurant operations. It offers tools that help managers manage store operations easily.