Vynn Capital backs Blitz to scale sustainable logistics in Indonesia

Vynn Capital has continued its focus on Southeast Asia's mobility and supply chain industries with a new investment in Indonesian last-mile logistics startup Blitz.

The round also included participation by previous backer Iterative Capital and new investors, such as Balaji Srinivasan, previous Andreessen Horowitz general partner, ex-PayPal executive Rajesh Venkatesh, and Vinner Ventures. They bring to an impact-oriented investor base featuring ADB Ventures, Peak XV, FiveFortyAlpha, and BonBillo Fund.

"Blitz is addressing a core challenge for Southeast Asian businesses- how to scale logistics quickly without the cost of owning infrastructure. Their business model enables brands to fulfill increasing delivery expectations with speed, reliability, and sustainability. With our doubling down on mobility and supply chain thesis, Blitz is a commercially focused operator poised to revolutionize how businesses transport goods throughout the region." explained Victor Chua, Founding & Managing Partner at Vynn Capital.

Key highlights:

• Vynn Capital leads funding in Blitz to strengthen SEA logistics
• Blitz tripled revenue in 2024 while cutting burn rate by 70 percent
• Funding to fuel nationwide expansion with focus on efficiency

Blitz's asset-light and tech-first model allows same-day and instant deliveries without needing businesses to own their fleets. With an increasing number of gig couriers, the company provides integrated white-label delivery and logistics management under clients' brands.

Also read: Israeli Startups Set to Secure $6.25 Million in Incubator Funding

The startup has shown frugal growth, tripling revenue in 2024 and reducing its burn rate by more than 70 percent. "The first phase of growth is over. Now, our priority is disciplined scaling. That is, optimizing what works and eliminating what doesn't," said Blitz CEO Saivya Chauhan.

Blitz will use this investment to step up nationwide expansion while intensifying its emphasis on efficiency, quality clients, and scalable operations.