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.
Opinio charges merchant Rs 40 on average on each delivery
Series A - $7mn Oct 2015
Seed - $1.3mn July 2015
Investors - opinio
Delhivery Founders [Series A]
Traxcn Labs [Seed]
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.
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
Opinio Team Pic
Tweets about @opinioapp
Tags: Opinio wiki, b2b, last mile delivery, logistics, india, revenue model, funding, series a