Venture Catalysts leads $1 Mn bridge round in BluWheelz

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 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 presence 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.