12 August 2016, India :
Daily Delite India Pvt. Ltd has acquired a fresh fruits and vegetables e-tailer Delhi Mandi for an undisclosed amount in its second takeover deal this month, as per Techcircle report.
Daily Delite is gaining momentum in the market. It is growing at the speed of light! It received funding in late July, acquired fruit and vegetable supply chain venture Lemon Leaf and now it has acquired Delhi Mandi.
Tushar Gupta, one of the co-founders of Daily Delite, said that it has acquired Delhi Mandi, which runs its operations through its website and app. The deal will help Daily Delite increase its B2C sales, he said.
Delhi Mandi offers 150 types of fruits and vegetables and dispatches its items to the doorstep of clients. The online platform, launched by Dinesh Gehlot and Amar Solanki in March last year, claims to be serving more than 5,000 families at Dwarka, in southwest Delhi.
Previous buy, Lemon Leaf was started in July last year by Praveen Kumar, Puneet Gulati, Rishubh Khurana and Sankalp Chandok and was looking to raise seed funding while in talks with several agri-focused venture capital firms.