 "Opinio raises $7 mn from Delhivery, Accel")
Gurgaon-based e-commerce fulfilment service Delhivery has participated in a $7-million Series-A funding round in hyperlocal delivery service Opinio, marking its second strategic investment in the space in less than one year.
Opinio has raised $7 million in Series-A funding, along with participation from Sands Capital and Accel Partners, apart from Delhivery. Sahil Barura, chief executive of Delhivery, has joined the board of Opinio, following the investment.
Delhivery made an undisclosed investment in on-demand shipping start-up Parcelled in July, just two months after it snapped up $85 million in funding, led by Tiger Global. Opinio enables small businesses, such as restaurants, bakeries, laundry services, to provide customers with last-mile delivery within five to seven kilometres. Since its launch in July this year, the company has already built a team of over 100 people and plans to grow by a further 200 within the next six months. The firm will use the recently raised capital to grow its technology platform, expand into multiple cities and strengthen its product portfolio.
Opinio has raised $7 million in Series-A funding, along with participation from Sands Capital and Accel Partners, apart from Delhivery. Sahil Barura, chief executive of Delhivery, has joined the board of Opinio, following the investment.
Delhivery made an undisclosed investment in on-demand shipping start-up Parcelled in July, just two months after it snapped up $85 million in funding, led by Tiger Global. Opinio enables small businesses, such as restaurants, bakeries, laundry services, to provide customers with last-mile delivery within five to seven kilometres. Since its launch in July this year, the company has already built a team of over 100 people and plans to grow by a further 200 within the next six months. The firm will use the recently raised capital to grow its technology platform, expand into multiple cities and strengthen its product portfolio.
"We see same day delivery becoming the norm going forward. Opinio is building a highly strategic asset in a large market by optimising the last mile fixed cost," said Abhinav Chaturvedi ,Vice President at Accel Partners, in a statement.