Bangalore-based hyperlocal delivery startup Opinio has raised $7 million in a Series A round of funding from Delhivery, Sands Capital and Accel Partners. Note that the startup had previously raised a part of this fund from Accel Partners in August. It had also raised seed funding from Accel and Tracxn Labs Opinio will use the funding for improving its technology platform, expanding to other cities and strengthen its product portfolio. Currently, the company has a team of over 100, which it plans to expand to 300 people over the next six months. Founded in January this year by Mayank Kumar and Lokesh Jangid, the startup provides last mile delivery services to grocers, restaurants, bakeries and laundry stores. It provides merchants with an app that can be used to call the nearest ‘Opinio Ground Pilot’, a delivery boy who will arrive within 5 minutes. The startup then claims to deliver these orders within 20 minutes, but with the service radius limited to 5-7 km. As of now, the company claims to have delivered close to 1,000 orders daily for over 100 grocers and restaurants. Note that customers that are expecting the package can also track the delivery in real time. However, the company does not offer a consumer facing app, so we presume the company only offers web tracking for customers. Currently the platform operates in Bangalore, Hyderabad and Delhi/NCR. Quick Take: We wonder if the Delhivery’s current investment in Opino is a lead up to further consolidation in the logistics sector.…
