Milk delivery startup DailyNinja raises fresh funds from Matrix, Sequoia & Saama Capital

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

Bengaluru-based hyperlocal milk and grocery delivery startup DailyNinja has raised an undisclosed amount of funds from new investor Matrix Partners India. Other existing investors like Sequoia Capital and Saama Capital also participated in the round.

Earlier, DailyNinja raised ₹20 crores in series A round led by Saama Capital and Sequoia Capital in June 2018. The fresh funding is part of the startup’s extended series A round.

Freshly infused funds will be used to accelerate growth by expanding the geographical footprint, boosting operations, and hiring talent.

Last month, the hyperlocal delivery startup had acquired Hyderabad-based milk and grocery delivery startup 4amShop, to expand user base in Hyderabad.

DailyNinja was founded by BITS Pilani graduates Sagar Yarnalkar and Anurag Gupta in 2015. The startup offers a subscription-based model to cater to its users daily dairy, grocery, vegetable and other requirements.

Currently, the startup is operational across Bengaluru, Hyderabad, and Chennai, serving over 30,000 orders per day. It also plans to touch 1,00,000 in daily orders in the next six months, as it looks to accelerate growth.

Talking about the investment, Gaurav Bhattacharya, Director at Matrix India, said, “Of all the players in this (milk delivery) market, DailyNinja’s model seemed to be best suited to scale. They have a hybrid model where they are relying on the existing milk delivery system and have some in-house fleet, which makes it highly scalable.”

Other players competing with DailyNinja in the milk delivery space include Bengaluru-based Doodhwala, Haryana-based Milkbasket, Delhi-based Farmery, and Supr Daily.

Recently, Kishore Biyani‘s Future Group had partnered with New Zealand’s dairy giant Fonterra, as it forays into the dairy products category.

In the online grocery space, Indian e-commerce giant Flipkart has also ventured into the grocery segment with its Flipkart Supermart, making the space more competitive. The online grocery market majorly is dominated by BigBasket and Grofers.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

‘Syria offensive to resume if Kurds don’t withdraw’

Ankara, Oct 22 (IANS) Turkey has threatened to resume its offensive on the northern Syrian border if Kurdish militias...

Federer celebrates match No. 1500 with a win

Basel (Switzerland), Oct 22 (IANS) Roger Federer registered a commanding straight sets victory over German qualifier Peter Gojowczyk in what was the Swiss legend's...

Happy with SC order, manufactured apprehensions laid to rest: Anirudh Chaudhry

By Baidurjo BhoseNew Delhi, Oct 22 (IANS) Hearing the BCCI matter, the Supreme Court bench comprising Justices S.A. Bobde and L. Nageswara Rao on...

Election Commission: Bypolls to 51 assembly seats and two Lok Sabha seats in 18 states witness 57 percent voting turnout

In the by-polls of Monday, the states witnessed a moderate turnout of around 57 percent. Bypolls to 51 assembly seats and two Lok Sabha...

PM meets Abhijit Banerjee, says India proud of his accomplishments

New Delhi, Oct 22 (IANS) Prime Minister Narendra Modi on Tuesday met Nobel laureate Abhijit Banerjee and said, "India is proud of his accomplishments"."Excellent...
- Advertisement -

More Articles Like This