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Blitz, also backed by investors such as India Quotient and Alteria Capital, along with notable angels like Ramesh Bafna of Zepto, is witnessing a significant shift in consumer and brand behaviour towards quick commerce. | Photo: Shutterstock
5 min read Last Updated : Nov 27 2024 | 6:28 PM IST
At a time when new-age direct-to-consumer (D2C) brands are reporting exponential growth via quick commerce (q-com) channels, these brands are also opening up new avenues of growth for logistics platforms that enable quick deliveries.
Many of these logistics enablement companies have, in recent months, secured funding to scale their q-com operations as more brands explore quicker deliveries to boost productivity.
Funding abound for q-com enablers
Q-com enablement platform Blitz recently raised Rs 51 crore ($6 million) in Series A funding from IvyCap Ventures to enhance its 60-minute delivery infrastructure and expand its dark store network across India’s top 20 cities.