{"id":2934,"date":"2014-11-14T10:39:36","date_gmt":"2014-11-14T18:39:36","guid":{"rendered":"https:\/\/unituslabs.org\/?p=2934"},"modified":"2015-01-04T09:39:03","modified_gmt":"2015-01-04T17:39:03","slug":"unitus-seed-fund-invests-in-blowhorn-a-marketplace-for-last-mile-logistics","status":"publish","type":"post","link":"https:\/\/unituslabs.org\/updates\/unitus-seed-fund-invests-in-blowhorn-a-marketplace-for-last-mile-logistics\/","title":{"rendered":"Unitus Seed Fund Invests in Blowhorn, a Marketplace for Last Mile Logistics"},"content":{"rendered":"

Unitus\u2019 Second Mobile-on-Demand Investment Follows Exceptional Growth of mGaadi\u2019s Auto Rickshaw Service<\/h2>\n

\"logo-300x300\"November 12, 2014. Bangalore<\/strong>: Unitus Seed Fund, India\u2019s leading venture seed fund supporting startups innovating for the masses, announced that it has led the seed round investment in Blowhorn, a Bangalore-based online marketplace for last mile logistics. Blowhorn offers a tech platform connecting owners of mini-trucks to consumers who want to move goods quickly and effortlessly around town. This investment marks Unitus\u2019 second in the mobile-on-demand sector, following mGaadi, which was completed in spring 2014. mGaadi\u2019s growth has skyrocketed since Unitus\u2019 investment; they now have over 9,000 drivers available in Bangalore via their mobile apps.<\/p>\n\n\n\n
\"\"<\/td>\nUnitus Seed Fund\u00a0Leads Funding Round in Blowhorn<\/a><\/td>\n\"techcircle\"<\/a><\/td>\nOn-Demand Logistics Service Startup Blowhorn gets Funding from Unitus Seed Fund<\/a>
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\n<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"Thumbs-Up-4\"
\nMaking Last Mile Logistics More Profitable<\/strong><\/h4>\n

Blowhorn is organizing a massive unorganized market: mini-truck drivers. Their technology is easily used by both consumers and by truck owner\/drivers, making it dramatically simpler for consumers to move goods or household possessions around a city.<\/p>\n

\u201cI am thrilled to see Blowhorn disrupting the inefficient and unorganised logistics market in India. I believe they have a solid team and a good plan to execute,\u201d said Tim Draper, founder and managing partner of Draper Associates who has also invested in Blowhorn\u2019s seed round.<\/p>\n

Currently, mini-truck drivers suffer from inefficient utilization, sometimes not getting a booking for a load to carry for a day or more. At the same time, consumers have ever-increasing needs to move things around the crowded streets of India\u2019s major metros. Blowhorn brings them together, seamlessly. The market for mini-truck transportation in India is estimated to be between thirty and sixty thousand crore rupees ($4.8-9.6 billion USD) annually.<\/p>\n

\u201cWe see enormous upside in improving logistics for consumers and at the same time increasing the take-home profits of low-income mini-truck drivers,\u201d said Srikrishna Ramamoorthy, Partner at Unitus Seed Fund.\u00a0Read more about Blowhorn ><\/a><\/p>\n

Riding a Growth Wave along with mGaadi<\/strong><\/h4>\n

Blowhorn joins Unitus Seed Funds\u2019 portfolio company mGaadi in the exciting mobile-on-demand space. Unitus invested in mGaadi in spring 2014. They have enjoyed continuous double-digit monthly growth over the past year, now with over 9,000 drivers active in Bangalore. mGaadi was recently profiled on\u00a0BBC News<\/a>\u00a0and plans to expand to additional tier-1 cities in 2015. Their service is available via easy to use apps on Android and Windows Phone, and has just been released on iPhone as well.\u00a0Download mGaadi app<\/a>\u00a0and experience the convenience of a limo for the price and availability of an auto.<\/p>\n

Unitus Capital was the financial advisor and Impact Law Ventures was the legal advisor on this transaction, advising Unitus Seed Fund.<\/span><\/p>\n

\"Nikhil-150x150\"\"Mithum-150x150\"About Blowhorn<\/strong><\/h4>\n

Blowhorn is building a logistics marketplace focused on the last mile. Blowhorn was founded by Mithun Srivatsa and Nikhil Shivaprasad in 2014 and is based in Bangalore.\u00a0More about Blowhorn ><\/a><\/p>\n

About Unitus Seed Fund<\/strong><\/h4>\n

Unitus Seed Fund is the leading venture seed fund supporting startups innovating for the masses in India. Unitus invests in healthcare, education, mobile commerce & value-added services, marketplaces & e-commerce, retail & distribution, agriculture, and water & energy sectors. Founded in 2012, Unitus Seed Fund is part of the Unitus Group, a premier financial services group operating in India and other emerging markets since 2000. Unitus Seed Fund is based in Bangalore and Seattle.\u00a0More about Unitus Seed Fund ><\/p>\n

Learn more about Blowhorn\u00a0><\/a><\/h2>\n

More about Unitus Seed Fund’s mobile-on-demand investments ><\/a><\/h2>\n

Tags: Blowhorn<\/a>, india<\/a>, investment<\/a>, logistics<\/a>, mcommerce<\/a>, mini trucks<\/a>, Mobile<\/a>, unitus seed fund<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Unitus\u2019 Second Mobile-on-Demand Investment Follows Exceptional Growth of mGaadi\u2019s Auto Rickshaw Service November 12, 2014. Bangalore: Unitus Seed Fund, India\u2019s leading venture seed fund supporting startups innovating for the masses, announced that it has led the seed round investment in Blowhorn, a Bangalore-based online marketplace for last mile logistics. Blowhorn offers a tech platform connecting… Read more ><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_aioseop_title":"","_aioseop_description":"Blowhorn service connects owners of mini-trucks to consumers who want to move goods quickly and effortlessly around town","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5,4],"tags":[162,26,167,165,164,166,163,119],"_links":{"self":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/posts\/2934"}],"collection":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/comments?post=2934"}],"version-history":[{"count":0,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/posts\/2934\/revisions"}],"wp:attachment":[{"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/media?parent=2934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/categories?post=2934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unituslabs.org\/wp-json\/wp\/v2\/tags?post=2934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}