BluWheelz, a tech-enabled delivery company, has secured $1 million in a bridge funding round with Venture Catalysts leading the investment. Other participants in the round include FAAD, LetsVenture, and Chakra Growth Fund.
Founded by Apoorva Ranjan Sharma, BluWheelz operates across 18 cities, providing fleet solutions that encompass two-wheelers, three-wheelers, and four-wheelers.
The startup boasts a fleet of more than 1,200 vehicles and has established operations in over 18 cities. It collaborates with vehicle OEMs such as Eicher-Volvo and Tata Motors and has forged strategic alliances for charging and parking infrastructure.
Venture Catalysts typically invests between $250,000 and $2 million in early-stage startups. The collective valuation of startups backed by Venture Catalysts exceeds $10 billion.
