Bengaluru: Opinio, an on-demand food and grocery start-up, on Monday said it has raised $1.3 million capital from Accel Partners, TraxcnLabs and other angel investors to expand into more cities and strengthen its technology infrastructure.

Opinio, promoted by Moonshots Internet Pvt Ltd, said it raised two quick rounds of funding within 45 days amounting to $1.3 million.

The funding comes at a time when many venture capitalists (VCs) are aggressively investing into hyperlocal food and grocery delivery companies. More than 15 hyperlocal start-ups, which connect customers with supermarkets and restaurants through apps and help deliver products in a few hours or even quicker, have received VC funds, according to Mint research.

Opinio, which connects customers with restaurants, grocers, laundry services and pharmacies, said it handles around 1,000 orders a day. The company is currently active in seven areas of Bangalore and plans to expand in other cities within a month.

“We are building a highly scalable technology platform and deeply integrated products for both merchants and enterprises to ensure high reliability of service," Lokesh Jangid, co-founder and chief technical officer of the company, said in a statement.

The $1.3-million round would sustain the company for 4-5 months and Opinio is in talks to raise a new round within two months, said Mayank Kumar, co-founder and chief executive officer. He declined to give more details about the next fund raise.

“We see hyperlocal logistics at the centre of local product and service commerce and believe Opinio’s team has the right mix of technology and operations to create a large business in this space," said Abhinav Chaturvedi, vice-president, Accel Partners.

The other investor in Opinio is TracxnLabs, which is a start-up incubator backed by Flipkart co-founders Sachin Bansal and Binny Bansal. TracxnLabs is run by Tracxn, a data analytics firm that provides financial information on start-ups.

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