Accel Partners Invests $1.3 Million in Food & Grocery Startup Opinio

Bengaluru: Opinio, a Bengaluru-based food and grocery ordering startup raises $1.3 million in seed round of funding led by Accel Partners. TraxcnLabs and few other angel investors also participated in the round. The company plans to extend its business operations to new cities and improve the efficiency of its technological offerings using the raised funds. It is also planning to raise its Series A funding round by the end of next month. This is Accel’s 9th successful investment this month, which takes the total investment amount to around $221 million, till date.

Opinio, owned and operated by Moonshots Internet Pvt. Ltd., was founded by IIT-Kanpur duo of Mayank Kumar and Lokesh Jangid last year. It enables the customers to go through a list of restaurants, grocery stores and pharmacies listed on their portal, through which the customers can order the products of their choice and get it delivered at their doorstep.

As of now, the company offers its services in seven areas across Bengaluru and claims to receive over 1,000 orders each day for more than 100 restaurants and grocery stores. Currently, the company is working on building an Opinion Exchange platform where the user can read and share opinions and reviews on almost every product – be it a movie, novel, restaurant or a salon, which will assist the users to make quick decision on buying any product or service.

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