Opinio, an on-demand business to business hyperlocal delivery startup, has raised $7 million in its Series A round of funding from logistics company Delhivery, Sands Capital and Accel Partners. The company has drawn plans to use this newly infused fund to improve on its technology platform, expand to other cities and strengthen its product portfolio.
Currently, the company has its presence in Bangalore, Delhi/NCR and Hyderabad. As a part of its next level expansion, it plans to hire at least 200 more people in its core team over the next six months.
Founded by Mayank Kumar and Lokesh Jangid, Opinio is a tech-enabled hyperlocal logistics startup which helps small businesses like – restaurants, grocery stores, bakeries and laundry stores fulfill their demand by offering delivery as a service.
Earlier, the company had raised $1.3 million capital from Accel Partners, TraxcnLabs and other angel investors to expand into more cities and strengthen its technology infrastructure.
Every merchant is given an Opinio Merchant App, which enables them to call delivery boys or as the company prefers – “Ground Pilot”. The pilot receives a notification on his Pilot App, accepts the order, picks it up from the merchant’s place and delivers it to the customers.
The company has a workforce of over 100 employees since inception, which comprises of ten key members who represents various departments of the company. It claims to be handling around 10,000 order a day.
The app has around 700 pilots in its fleet and in order to empower them, the company holds 10-hour long comprehensive training sessions in its offices to impart knowledge on technology, behaviour, morality, ethics and more.
Mayank Kumar, Co-founder & CEO of the company, said,
We are seeing a phenomenal 30% week on week growth in all markets across the country. Our team is innovating on the product and technology every day in a bid to make hyperlocal deliveries more efficient without the need of undercutting on price.