Oct 20, 2015

Opinio Hyperlocal Delivery Startup raised $7M funding in Series A



Bengaluru based B2B hyperlocal last mile delivery startup OPINIO has raised $7 million funding in Series A round led by Delhivery a leading Logistics startup in India. Opinio is a fast growing start-up, building next generation last mile delivery service for food, grocery, bakery, Peer-to-Peer and more.

How will Opinio use the new Series A funds?
Opinio will use to expand services to multiple cities, hire staff and strengthen its product portfolio and technology platform over the next six months.

Trends in this Space
Same-day delivery becoming the norm going forward.

USP of Opinio
  • Opinio is building a highly strategic asset in a large market by optimising the last-mile fixed cost.
  • Real-time GPS tracking
  • A flexible sign-in, sign-out model to balance demand and supply of delivery boys
  • Milk run' model, whereby fleet members can pick up and drop off deliveries on a dynamic route. 
Revenue Model
Opinio charges merchant Rs 40 on average on each delivery

Clientele
FoodPanda
TinyOwl
Ecommerce companies

Funding
Series A   - $7mn  Oct 2015
Seed         - $1.3mn July 2015

Investors - opinio
Delhivery Founders [Series A]
Accel [Seed]
Traxcn Labs [Seed]

About Opinio
Opinio is a fast growing start-up, building next generation last mile delivery service for food, grocery, bakery, Peer-to-Peer and more. Founded by IIT Kanpur Computer Science graduates, company started its operations on 15th of June, 2015.

Founded 
2015

Founders -Opinio
Anurag Ranjan
Abhinav Jain
Lokesh Jangid
Mayank Kumar
Dilip Verma
Saurabh Shinde

Facts - Online Purchases India
40 million consumers purchased goods online in 2014 (ASSOCHAM Report 2014)
65 million consumers expected in 2015

Other Hyperlocal delivery Startups - India
Parcelled
Delhivery
RoadRunnr
ShadowFax

Opinio Team Pic
Opinio funding


Tags: Opinio wiki, b2b, last mile delivery, logistics, india, revenue model, funding, series a

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