Tech-enabled delivery company BluWheelz has raised $1 million in a bridge funding round led by Venture Catalysts. The round also saw participation from FAAD, LetsVenture, and the Chakra Growth Fund.
Founded by Apoorva Ranjan Sharma, BluWheelz operates in 18 cities with a fleet solution covering two-wheelers, three-wheelers, and four-wheelers.
The startup claims to have a fleet base exceeding 1,200 vehicles, and operations in over 18 cities. It works with vehicle OEMs like Eicher-Volvo and Tata Motors and has strategic alliances for charging and parking infrastructure.
That said, Venture Catalysts invests between $250,000 and $2 million in early-stage startups. The cumulative valuation of the startups invested by Venture Catalysts is over $10 billion.
