Blowhorn, an intra-city logistics startup has raised USD $3.65 mn (approx. INR 25 crores) in series A funding from IDG Ventures India, together with the Michael & Susan Dell Foundation and existing investors, Draper Associates and Unitus Seed Fund. The company plans to utilize the investment to expand operations to 8 cities in the next 24 months, with over 25,000 daily active drivers.
Blowhorn’s tech-enabled platform connects customers to mini-truck owners, enabling intra-city, sub 2-ton deliveries in a hassle-free, reliable and transparent manner. Founded by Mithun Srivatsa and Nikhil Shivaprasad, who have a deep expertise of over two decades in logistics and technology, Blowhorn is effectively aggregating and streamlining India’s fragmented logistics market that currently has over 1.8 mn mini-trucks in urban centers alone.
Commenting on the company’s fund raise and growth, Mithun Srivatsa, Co-Founder and CEO, Blowhorn, said, “We have been able to leverage technology and operational innovation to emerge as a market leader by ensuring high business profitability and customer satisfaction. We will now focus on leading the segment across all performance metrics, and are fortunate to have investors who share our vision.”
Founded in 2014, Blowhorn started with 2 employees and has now scaled to 50 full-time employees. It’s innovative campaigns such as 1-hour delivery of mobile phones in partnership with OnePlus and #UberIceCream deliveries with Uber have enabled Blowhorn to work with several cutting-edge companies across India. In less than 2 years, Blowhorn has expanded to provide services across Mumbai, Bengaluru, Chennai and Hyderabad.