Bengaluru-based logistics startup Blowhorn raised an undisclosed amount in its Series B3 funding round from a new investor, Symphony International Holdings Limited, and existing investors including Chiratae Ventures, Draper Associates, and Michael and Susan Dell Foundation, reported Mint.
The fresh capital will go towards supporting Blowhorn’s network expansion plans, which will enable them to extend their geographical reach across India and serve a wider customer base.
“We are not only excited to be partnering with the team behind Symphony International Holdings Limited, who bring their experience of the Asian logistics sector, but we are also pleased to have included a number of our existing investors in this round of funding. Our aim is to disrupt the last-mile logistics sector in India through scaling up our network operations so that we are able to reach every pin-code in the country with the speed that every delivery deserves,” said Mithun Srivatsa, chief executive officer of Blowhorn.
Founded in 2014, Blowhorn is a same-day, intra-city and last-mile logistics provider. It provides transportation, warehousing, and a fully integrated technology solution to manage the end-to-end supply chain journey. Currently, the startup claims to serve 70 cities across India.
It connects customers with intracity transportation to handle loads from one gram to one tonne. The startup also provides fulfillment services and full API integrated delivery services.
The company also leveraged its QR Code-based OC Tracking platform to create a centralized platform and help the Delhi government keep a real-time track of the donated oxygen concentrators.
In May last year, the company also raised venture debt from Trifecta Capital and was looking to turn profitable in the last fiscal year.
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