Hyperlocal delivery startup Opinio has raised $7 million, in a funding round led by logistics company Delhivery, with the involvement of Sands Capital Ventures and existing investor Accel Partners. The Bengaluru-based company will use the funds to enlarge to multiple cities, hire staff and nourish its product portfolio and technology platform over the next six months.
Post funding Delhivery CEO SahilBarura has joined Opinio’s board. This makes Delhivery’s second deliberated investment in less than a year. In July, the company made an undisclosed investment in on-demand shipping startup Parcelled. Opinio isDelhivery’s second strategic speculation in less than a year.
Operating on a B2B model, Opinio connects customers with restaurants, grocers, laundry services and pharmacies.They will be closely working with supply-side partners to hold their existing infrastructure to deliver top-score service at reduced costs.With an on-demand convoy size, Opinio is currently growing 30% week on week. They are already the number one player in food and are aggressively expanding other categories to become market leader in them.
Opinio is building a highly calculated asset in a large market by optimising the last-mile fixed cost. In a short time, the team has accomplished well and become a top player in last-mile delivery space in India. The company charges merchants Rs 40 on average on each delivery. Apart from allowing local merchants,Opinio has also tied up with food tech policies including TinyOwl, Foodpanda and in talks with e-commerce companies for the same.
Opinio was founded in the year of 2015 by two IIT-Kanpur alumnus – Mayank Kumarand LokeshJangid. The company launched its operation in June 2015 and is active in Bangalore, Chennai, Delhi, Hyderabad and Pune, and plans to expand in other cities by end of2015.Opinio faces competition with other on-demand delivery startupssuch as Delhi-based Shadowfax, which is seed funded by Snapdeal cofounder KunalBahl and Sequoia-backed Roadrunnr.